Daniel T. Ferrera's 2008 Stock Market Forecast Update: How Has He Done?

Idyllwild, CA (PRWEB) May 9, 2008 -- In late 2007, market forecaster Daniel T. Ferrera wrote "Outlook for 2008," published by the Sacred Science Institute. Ferrera's work, inspired by the late W.D. Gann's famed forecasting work, utilizes extensive analysis of planetary longitudes, complex cycles work, and astute current trends analysis. According to the Sacred Science Institute and an examination of the forecast versus actual performance of the Dow Jones Industrial Average (DJIA) this year, Mr. Ferrera's forecast has been consistently accurate.

In "Outlook for 2008", Ferrera began by analyzing election years ending in 8 and correlates them to a summation wave of two long-term cycles, 42 and 36 years. From this initial phase of his analysis, he determined a generalized pattern. He compares these wave patterns to a long-term summation wave of the longitudes of the outer planets of the solar system, from Jupiter to Pluto. In this analysis, 1948 and 2008 appear at very similar curves on the summation wave, leading Ferrera to conclude that 1948 will serve as a model for 2008.

He then presents a mass pressure chart for 2008 that forecasts an overall down year. How has the forecast performed so far?

Here's what the "Outlook for 2008" forecasted for January through April and the results:

Using the Mass Presure forecast, Ferrera stated that the two best buying opportunities are February 15-17 and Mar 17-19 with a market uptrend to mid-June. The DJIA formed a double bottom on January 22-23 and March 10-11. March 17 could be considered the last day of the bottoming period. The S&P 500 made an exact bottom on March 17 and the NASDAQ 100 made a double bottom on March 10 and 17. For a detailed month-by-month comparison between the forecast and actual market performance, see Chart 1, Actual vs. Forecast. The forecast has proven astonishingly accurate thus far.

Monthly Forecasts

Ferrera's forecast, using different methods, also includes month-by-month forecasts for the 2008 (DJIA) that defines shorter-term turning points. In January, he forecasted the correct day of the highest price and correctly identified the correct day of the lowest price, January 21, within one day. The DJIA made bottom on January 22 while the S&P 500 and NASDAQ 100 made bottoms on January 23. Score 100%. (See Chart 2 - Actual vs. Forecast)

In February, Ferrera forecasted a rally, which actually began from the January lows. The February forecast calls for lows to occur on February 6-7 with the highest prices of the month on February 25. The DJIA made a bottom on February 11 (two market days after February 7), the S&P 500 and NASDAQ 100 both made bottoms on February 7. Both the DJIA and the S&P made tops on February 26 and 27 while the NASDAQ 100 made a three day topping pattern on February 26-28. Score 100%. (See Chart 3 - Actual vs. Forecast)

In March, Ferrera's monthly forecast called for a low on March 17, a small rally and a sharp decline the rest of the month, somewhat at odds with the Mass Pressure forecast above. In fact the markets all bottomed on or near March 17 and rallied from there. Score 50%. (See Chart 4 - Actual vs. Forecast)

In April, the short-term forecast correctly identified April 1 as the low of the month (a second bottom occurred at similar price levels on April 15). The chart indicates that the market goes up the rest of the month. Score 100%. (See Chart 5 - Actual vs. Forecast)

Mr. Ferrera's articles are available at for free download at the site listed below.

For more information and to order these and others of Mr. Ferrera's works, please visit: http://www.sacredscience.com/ferrera (http://sacredscience.com/ferrera)    

About Daniel T. Ferrera: Since 1998, Daniel T. Ferrera has been a featured writer in Traders World Magazine and is one of the country's most highly respected Gann experts. He is also the author of several related books on the subject of trading, market cycles, W.D. Gann and The Square of Nine.

Ferrera is well known for his cycles work and market forecasts, which are made several years in advance. One of his more famous forecasts was the bull market top in 2000 and the 3-year bear market that followed. Currently, Mr. Ferrera is working as a passive partner and trading system designer for a unique hedge fund project called Fortissimo.

Mr. Ferrera has been studying the price action of markets for over 20 years and has more than 12 years trading experience. As a former stock and commodities broker with 7 years experience, he has worked both sides of the trading fence and offers a unique perspective to for any investor.

In his first course, The Mysteries of Gann Analysis Unveiled, he predicted a stock market low in 2003 where most analysts were expecting a high and wrote: "My personal belief is that the year 2003 will probably be a low and not a high. There are many interesting numeric and astrological cycles that support this view."

In his masterful course on cycles, Wheels Within Wheels, released in 2002, Mr. Ferrera illustrated how Gold would have a major advance, interest rates would continue to decline into 2007, and he predicted that the stock market would experience a strong advance from 2003 to 2006. The text includes an extended 100-year market forecast into 2108.

Mr. Ferrera has also written a practical trading course, "The Keys to Successful Speculation."

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