Peter Eliades’ name has been associated with stock market cycles since at least 1974 when his cycles predicted the exact low week of December 9-13, 1974. In 2020, after decades of painstaking progress, Peter released the first fully implemented cycle price projection software, Eliades Cycle Price Projections. Through this website you will access the opportunity to be exposed to this software and his accompanying market commentary.
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If it's Prechter's 2012 report it can be downloaded here:
https://www.researchgate.net/publication/228198903_Social_Mood_Stock_Market_Performance_and_US_Presidential_Elections_A_Socionomic_Perspective_on_Voting_Results
The S&P 500 closed at 2579.36 on 11/1/2017. 20% above that would be 3095, so we're way above the 20% threshold.
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so Nov 1, 2017 the closing price of $SPX.X was 2579.36 on Tradestation. So 2579.36 x 1.2 = 3095.23 So according to Bob, if the market stays up above this number by Oct 31, then Trump gets re-elected?
The stat doesn't show 100% odds. In fact if I'm reading it right its only 73% odds.
This election is an outlier.
Peter has sent me an email with the link as he had problems with the computer.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1987160
But Prechter used the DJIA for the research, and the operative numbers are 23,435.01(11-1-17 close), and 28,122.01 (20% gain from the 11-1-17 close). A 20%+ gain was more indicative of an incumbent landslide victory, I believe, but read the report as linked below. It is not an encouragement to make any wagers, of course, but based on current double-digit leads by Biden in the polls, it is certainly interesting. The results were not 100%, but I believe they were over 90%. As to statistical significance there were over 14 cases similar to the current one...
Where do you purchase the software?
Shouldn’t this update be for the Thursday 8 Oct trading day? Why is it for the previous video it also says for Wednesday 7 Oct? (If you listen to the first 10 seconds of both this video and the one day before..)
Thank you Peter, for the correction about Prechter using the Dow for the data. I noticed that soon after I posted the S&P 500 numbers, oops. So, since the Dow closed today (10/9/20) at 28,587, it would only need to fall 465 points, about 2.26% in order to close below that 20% threshold. That seems easily possible if the market turns down next week to fulfill the lower projections still outstanding, but hanging on by a thread. The drop would be wave C down of a correction, setting things up for a nice Nov/Dec year-end rally.
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