There is a risk in confounding the legitimate price forecast with a prediction game, which will result in stinging ironies and undeserved boasting. It is probable that no forecast can be 100% accurate, but to make it legitimate the forecaster should indicate a time frame and a price target. Also, to make it tradable it has to be associated with money management: stop-loss for position sizing. In my opinion there is value in bringing up stocks and forecasts, share opinions, argue about them, ask questions, learn from each other about some of our methodologies. Personally I see no value in a guessing competition. For some, there might be some entertainment value, but not for me. Am I alone in this view? If so, sorry to have written this.
I was referencing your post. What I meant was that i did not think that today it would go below 28.90 nor above 33.60. That is all. So far it hasn't has it?
I noticed that the majority of your predictions (based on you tape reading method) were accurate. You also made them for a given time frame: tomorrow, or early tomorrow. Your post I cited was in reply to iceman1's observation that you just made two out of two incorrect predictions, and in my opinion his observation had no informational value. My post was triggered by yours and iceman1's exchange, but my thoughts expressed in it formed through reading through a bunch of posts I can't make any use of. Bottom line, I find that your forecasts have a high degree of accuracy, have a well defined time frame, so they're tradable and I find a value in them.
Thanks. Actually I made 5 or 6 forecasts for today and at least 2 were wrong. On those two I was trying out a new rule on tape reading and and it didn't work out. I will have to look at that rule again see what went wrong and then maybe modify it and then try it again. I was joking on HD being right so it could also be counted as wrong. It only traded up .02 higher. But the day isn't over yet.
NO NO NO NO iceman. It were no joke. I dead serious. You were dead right about me being dead wrong on 2 calls but you were dead wrong about it being 2 out of 2. It was more like 2 out of 6 or 5. Nevertheless, I am glad to see you mean't it as a joke I just wish your joking were wrong. However, I do admit to some lighthearted sparing around with iceman over it