Back to Perspective
There have been a lot of twists and turns since our 2012 Updated forecast on May 9th that I am reposting here:
S&P 500 High 1422, Practical High 1354, Swing Point 1286, Low 1150;
Gold High 1795, Practical High 1657, Swing Point 1519, Low 1243;
Crude Oil High 112, Practical High 104, Swing Point 97, Low 82.
In the month since then the highs and lows and 21 day average are:
S&P High 1366, Low 1267, Average 1316, 6/11/12 early indication 1336
Gold High 1642, Low 1544, Average 1594, 6/11/12 early indication 1593
Oil High 98, Low 81, Average 89.30 6/11/12 early indication 85.50
So what are we to make of this, basically that the S&P and Gold have been trading around in the top half of their projected range and oil has been trading around the bottom half of its range, at the moment nothing more.