In addition to his interest in the Kondratieff Wave, Horovitz has also identified a 4.0-months average length of stock market peaks and troughs. Based on this market cycle, he predicted in 1987 that stock indexes would peak in the spring of '89, this to be followed by the economic bust called for by the Kondratieff Wave. Robert Prechter is a stock market forecaster who his highly reputed for his accuracy in calling market trends. Prechter bases his forecasting on the Elliot Wave theory developed by R.N. Eliott in the 1930s. According to Prechter, this 200-year supercycle began in 1789 and should end with a cataclysmic crash.
Astronomical cycles is a more reputable way of saying astrological cycles.
While Crawford's methods are demeaned by many for relying on the occult, his forecasting accuracy is hard to ignore. The very next day, the Dow Jones Industrial Average lost 191 points - the second sharpest point drop in the history of the New York Stock Exchange. This prediction agrees with expectations of others who have looked at astrological effects on the economy. There seems to be agreement within the American astrological community that the long range future of the global economy is bleak. The astrological danger times that Werner and Crawford identified coincide precisely with predictions made by professor Ravi Batra.