INDU 1 Yr Forecast
I've been working on a Fourier Series based approach to technical analysis this past year. While the day to day predictability is lacking, it shows general trends very well ( >97% correlation). Being Fourier series, it lends itself very well to predicting general trends by examining individual harmonics. Using end of week closing data, the trend indicator over the next year shows a near term top is being made, followed by at least a 20% drop. Normally this kind of forecast is made at the beginning of the year; however, that may be too late.
