There are stock market forecasters who use elliott wave theory while others follow contrary sentiment measures. It seems though, that Gerry's Callahan's USGA Index history beats them all as a true stock market indicator.
After dropping by nearly 20% late this Spring (market was down 23%), Gerry's handicap exploded higher by over 30% (market rallied 40%) just in time to peak when the Butler Classic handicaps were locked.
Beware, Gerry's handicap has fallen 18% since then - we'll be watching the markets to see if stocks follow this path...
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