There are times when markets are news driven, no system can predict that. Also, I am not certain, but did the system predict some sort of Black Monday or a decline? EDIT: I think looking at the initial chart, the system predicted a head and shoulder pattern, which hasn't happened as the DOW continued to the upside. What was the reasoning, i don't know.
Dan05's latest DJIA "prediction" was posted yesterday. Just scroll up a few posts. (I dont know how to link to his attachment, else I would've posted it here). According to his chart, the Dow should be around 16000 today. But its at new highs instead - this is not even a possibility in his system's "prediction". Dan, care to update the system's "prediction"?
Hi BLK, Attached the update from the system. Check how it changed the prediction with respect to the original I posted, computing the last market days activity. There is still a down trend probability. Seems logical to have a market correction the following week. Take care
There have been too many people starting - "this is the top" threads. Now we can add Dan's "predictor system" to that list too
Ok, it's official. Now, I'm bullish. In fact, I bet most people have switched to a bullish position. Some are later than others. Myself included. LOL Now that most are bullish, does this mean we are going to be heading into a bear market? BTW, I saw the charge, and the prediction system was updated recently to include "anything can happen" LOL. Frank
After seeing many bears switch to bull mode I think im leaning towards going long this week too. Im short and actually thinking of adding some long positions: SMH RTH EWZ QLD HHH