First off, this is not a prediction, but rather technical analysis.
Now mind you, that comment may seem snooty in its delivery, but I take issue when people not only mislabel information, but worse, pass it off as their own. The following chart is the technical analysis tool crafted by Ralph Nelson Elliott, which by definition would mean... its his "analysis". This is known as the "Elliott Wave Principle" and is well explained here: http://www.investopedia.com/articles/technical/111401.asp for those who'd like to learn more.