May 24th, 2010 by Dissolving Dollars
Arch Crawford uses Astrology and Technical Analysis to forecast the stock market. And he has a track record of some good calls. So, his recent forecast is worth mentioning. Starting around August 1, 2010 there is going to be an extreme planetary alignment (Cardinal Climax) that he contends is indicative of a major bad event, and he forecasts a market crash between May 1, 2010 and November 1, 2010. Obviously, Astrology is not a science; it has little precision and is at best a system of identifying dubious relationships between cyclical celestial phenomenon and human behavior. Nonetheless, that isn’t to say that there isn’t something to it. All I know is that even if he is right, it won’t be the end of the world.
Here is a link to an interview with Crawford about the forecast and here is a YouTube video of a guy reading that interview. And here is another article and here is the radio broadcast upon which that article is based (it starts around the 79 minute mark).
Update June 20, 2010: Here is a short audio interview with Crawford.
Update July 3, 2010: Here is an interview with Arch Crawford on the Financial Sense News Hours. Arch comes in at the 40 minute mark and talks for a half an hour.
Update July 26, 2010: Click here for an Arch Crawford radio interview from July 17, 2010.
Update August 2, 2010: Here is an article titled Global Catastrophe Alert on International Business Times from July 31, 2010 about Crawford and the Cardinal Climax.
Update September 14, 2010: Here is a 22 minute radio interview with Arch.
Well, November 1, 2010 has passed and the prediction was right if the flash crash is considered the crash, but not right if something bigger was expected. If it wasn’t for quantitative easing by the Federal Reserve, the Dow would probably have slipped below 9000, but it didn’t.