LOOK AT THIS CHART - all you predicting mofos, what will SPY do next?

[worldwary]

There need to be more choices in the poll. Markets go up and down every day; there needs to be some kind of timeframe or limiting conditions.

Will markets be higher in 30 years? Probably. In 6 months? Who knows. In two weeks? Depends (according to my "guesstimate") on whether today's lows hold for the next couple of days.

If you can accept some degree of risk, you can place a bet that will position you to profit even if you don't know the outcome.
For instance, you could place a bet that gives you a maximum loss of 1% but an unlimited potential gain. You don't know what headlines will come out overnight so of course you don't know what will happen, but you can be positioned to profit in the event that your best guess turns out to be correct.

 

[traderlux]

Quote from ET70424:

You mean something like this?
SYMBOL, DATE, PRICE, FORECAST, PERCENT
SPY, 20110311, 131.0000, 1.8785, 1.4
SPY, 20110310, 130.1900, 1.5644, 1.2
SPY, 20110309, 132.0200, 0.8930, 0.7
SPY, 20110308, 132.4900, 1.4823, 1.1
SPY, 20110307, 131.5000, 0.4507, 0.3
SPY, 20110304, 132.3900, -0.5522, -0.4
SPY, 20110303, 133.5200, 0.5601, 0.4
SPY, 20110302, 131.1700, 1.3620, 1.0
SPY, 20110301, 130.4700, 0.9654, 0.7
SPY, 20110228, 133.3700, -0.5928, -0.4
SPY, 20110225, 132.2800, 0.5525, 0.4
SPY, 20110224, 131.0600, 3.2253, 2.5
SPY, 20110223, 131.1900, 2.6652, 2.0
(Note: you wait for extreme readings to go long/short)

For not just SPY, but 15,000 other stocks?
Yes, I know the source, if anyone interested.

.....go on....

 

[ET70424]

Quote from traderlux:

.....go on....

Here are recent samples (15,000+
stocks covered):
j.mp/eXJE3g

If you want the latest, PM me.

 

[1a2b3cppp]

wait are you talking about that guy who posted on here a few years back who would show "tomorrow's chart today" or whatever for the ES? He was scary accurate sometimes.

And sometimes way off.

 

[1a2b3cppp]

Quote from worldwary:

There need to be more choices in the poll. Markets go up and down every day; there needs to be some kind of timeframe or limiting conditions.

Will markets be higher in 30 years? Probably. In 6 months? Who knows. In two weeks? Depends (according to my "guesstimate") on whether today's lows hold for the next couple of days.

If you can accept some degree of risk, you can place a bet that will position you to profit even if you don't know the outcome.
For instance, you could place a bet that gives you a maximum loss of 1% but an unlimited potential gain. You don't know what headlines will come out overnight so of course you don't know what will happen, but you can be positioned to profit in the event that your best guess turns out to be correct.

Most immediate trend (since ET loves to talk about trends yet no one can tell exactly what defines a trend) or some large spike (up or down) even if it's followed by chopping for a while. Either of those situations are what we are predicting in this thread.

 

[ammo]

Quote from Bob111:

all those fancy drawings are fine,as long as they backed by the numbers..like this and that happens this # of times and outcome was this ### which gives us probability of this ## %..something other than that i would consider kinda drawing on sand..

speaking about drawing on sand..good vid-

http://www.youtube.com/watch?v=XWCadaO_P2Y&feature=related

played out

 

[fad2171]

I agree with your thoughts. I am a tech anayst for 20 years.Nothing fool proof but its a good road map

 

[Bob111]

here you have it..back where it was

 

[fad2171]

Thank You QE 2

 

[BlackBison]

Quote from 1a2b3cppp:

Can you post your analysis or reasons for why you think this will happen?

The easy money is on the long side, so I am looking to buy dips. 1220 was a strong technical level, unfortunately the price didn't trade there.

My reasons for being bullish are given in this thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=215920&perpage=6&pagenumber=3