John Hussman has applied LPPL to the S&P 500 and gets this:
Of course, the proof is in the pudding: how good is LPPL at predicting stocks? On September 27th Sornette called a peak in the Tesla stock price (NASDAQ: TSLA) using an LPPL indicator. Sure enough, TSLA peaked on September 30th, and as of yesterday stood at 30% below its peak.
It looks like 2014 is going to start with a different kind of hangover...
No comments:
Post a Comment