I Also Called the Parabolic Top and Forecasted the 2008 Decline in Commodities
Here are a few quotes from the commentary section of recent Research letters. Understand that the detailed analysis and charts have not been included here. Also, what you see below is only representative of portions of the commentary section on equities.
"These are parabolic advances that have been driven by speculation. Such advances are NOT sustainable. This is not to say that the parabolic advance can’t still push higher, because it certainly can and I want to make it perfectly clear that at present I do not have any indication that a top has been seen. But, what I’m telling you is that like housing, this too, is a bubble and it will burst...."
"Now let’s review the statistic I have been watching. There have been four 3-year cycles in the CRB that have topped out in *** months or less and 100% of those cycles moved below the previous 3-year cycle low. Also, all four of these 3-year cycles were associated with major long-term tops in the CRB and the underlying commodity complex. With the last 3-year cycle low occurring in ***, *** marks the **th month for this cycle. Thus far, the price highs have occurred in July. Again, the key will be whether or not the bounce out of these intermediate-term oversold levels betters the July highs after the last trading day of ***. If not, then we should have a major top in place...."