|
F O R E
C A S T S |
Internet |
| SPX |
|
26 MAR |
Daily
Close at 1100 |
Noted
in private correspondence:
"Penultimate
top at 1200 followed by a drop to 1000 by September" |
| 04
APR |
Daily Close
at 1123 |
Sent
another fax refining the forecast:
"Current
5th wave will only reach 1180. At that point we will see the
sharp downmove back to at least 1031 and at most 913.
When it is done the FINAL big upswing (in five parts) will begin." |
| 20
JUL |
Intraday
High at 1190 |
Peak
achieved only
10 points above cited target at 1180. |
| 08
OCT |
Intraday Low
at 923 |
Trough
achieved only
10 points above cited target
at 913.
The double bottoms on
31AUG
and 08OCT
perfectly bracketed the
September
period cited for completion of the
correction.
Subsequent action to new
highs confirmed the expectation that 1998 would not mark the
final top.
|
| USDJPY |
|
31 MAY |
Daily
Close at 139.00 |
Conveyed
expectations in private correspondence:
"Spot
USDJPY will continue to move higher, taking out one target after another
in a steady climb"
Over
the next two weeks it rose sharply to 146.75. |
| 15
JUN |
Daily Close
at 146.00 |
Sent
message:
"Everything
points to a critical top very nearby in price and time. ... A
very deep correction is indicated !" |
| 16
JUN |
Intraday
High at 146.75 |
Peak achieved and, as expected, USDJPY
promptly collapsed 9%
in just four sessions.
|
| 19
JUN |
Intraday Low
at 133.75 |
Market
then consolidated in a triangular pattern for a month before
resuming upward trend.
|
| 02
AUG |
Daily Close
at 144.50 |
"Every oscillator
and trend indicator for every period from monthly on down is flagging a
very ominous triple bearish divergence. ... Expect the next big
move to be back to 126 and then 108 over the next few
months."
In conversations with other
professional currency traders, made the bold prediction that
USDJPY would dramatically collapse before touching 150. |
| 11
AUG |
Intraday
High at 147.50 |
Over
the next 5 months USDJPY melted down exactly as anticipated |
| 08
JAN |
Intraday Low
at 108.25 |
Despite
the large magnitude (26%)
of the expected move from extreme high to extreme low, the cited target at
108
was
astonishingly accurate. |
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2008
Polar Pacific Pty Ltd