Krugman Sees 37′ – We Raise him 9
Market Anthropology
This retracement perspective is supported by the work of our friends over at EidoSearch, which provides quantitative expectation analysis – based on a comprehensive numerical search engine of historical market data. What makes EidoSearch unique, is that it utilizes innovative signal processing and classification technologies of the dedicated pattern itself, to generate quantitative forward looking projected ranges. Based on the current trend in the SPX that began with the high set on September 18th and using a minimum pattern similarity of .85, the search found 89 similar instances (since 1980 in the SPX) – with the index up two thirds of the time over the next month with an average return of 1.8%.