“Dear Michael Covel, I’m a financial professional analyzing the financial markets of any type. I’m working free, not dependent to ant company or institution. During last 6 months, I aware of an important formation taking place in DOW. It’s the long term SHOULDER-HEAD-SHOULDER formation which will lead DOW to fall down well below 5,000 assumably 1,000 to 2,000 band within two years or three. I’m not sure how to read this decline and its consiquences [sic], which is very sharp, the second after 1929, maybe the first of its kind. It certainly lead to a crisis by affecting first USA markets and then soon the rest of the world. With this decline, DOW will reach the lower line of the “increasing trend path or band of all time” (100 years) and then a new era will start, and DOW will reach 10,000 points again in 10-15 years of time, and then it will reach 100,000 within next 50 years. Note that this is just a forecast,as hundred thousands of analyst doing every day, but this is of its kind and a bit different then usual when you think of time span and its possible effects. Wait and see, test and prove my view with no doubt it will happen. Friendly speaking, I want to convert this forecast into cash. (It’s just a forecast before it occurs).That’s why writing to you. I think Soros fund management is the right place to make use of this info into cash in most effective way possible. Dear Michael, I appreciate if you share this forecast with George Soros himself.”
I love crazy people. Can his prediction happen? Sure. Is there any system that he has to get to that forecast beyond making it up? No.