January 24, 2010 – A decline in the U.S. stock market that was forecast by Blue Apple Trends in its year-end newsletter has started. The recommended course of action is to begin selling shares.
Blue Apple predicted the stock market would fall sometime in the first six months of 2010, and rally during the second half of the year. Blue Apple utilizes time cycles to predict market behavior.
“Similarities to the markets of 1984 and 1968 are so close, that we favor a continuation of that path for the whole year,” said Allen Reminick, president of Blue Apple Trends. “The trend predicts a low in the market in late July.”
It is possible that the stock market may gain one more time, before declining, he said.
There may also be an initial drop, into late April, before the downtrend completes in July, said Reminick.
He cautioned investors to be wary at this time, and protect profits from last year.
The time cycles that Reminick uses are mathematical descriptions of market behavior. By identifying the rhythms, one can predict points in time that will consistently show up as highs or lows. Once identified within daily historical data, cycle repetitions can be dependable for nine to 12 months.
Blue Apple forecasting tools are proprietary and, as far as we know, unique in terms of accurately projecting future trends, said Reminick. Blue Apple Trends offers for lease trading programs in many different markets.
Reminick will be giving an in-person, full-day seminar at the CBOE’s Options Institute in Chicago in the spring. This seminar will be the first time for an in-depth workshop on using these tools in the present market conditions. Exact dates will be announced later. To reserve a spot, contact Allen Reminick via email at allenr@blueappletrends.com
--Laure Edwards