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U.S. Stocks Begin Probable Mid-April Decline
The recent decline in U.S. Stocks foreshadows probable drop in mid-April

Posted by: Allenwins, on 3/25/2010, in category "General news & articles"
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3/25/2010

The slide in U.S. stocks in the last two days is a taste of the probable type of equity market behavior in April, said Allen Reminick.

 

The S&P 500 index declined 0.2 percent to 1,165.73, wiping out an earlier rally of 1.1 percent. The Dow Jones Industrial Average closed with an increase of 5.06 points to 10,841.21, erasing a gain of as much as 119 points during the day.

 

“We predicted the stock market would begin to top out, starting this week,” said Reminick, who is president of Blue Apple Trends. “By the middle of April, the market should be in decline mode.”

 

Based on Reminick’s time cycle analysis, he cautions that U.S. stocks will likely continue a decline into July. “This market is behaving very much like the year 2000,” he said.

 

Time cycles are mathematical descriptions of market behavior. By identifying a market’s rhythms, Reminick can predict points in time that should show up as highs or lows. Cycle repetitions can be dependable for as many as 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.

 

--Laure Edwards

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