Weekly forecast for S&P 500

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Old Apr 11, 2010, 10:41am   #1
 
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Weekly forecast for S&P 500

I hope I will be able to start a bit of interesting competition to forecast the weekly Friday close of the S&P 500. Unless Sharkey & co anti up some prize or other ( hint hint ) it is for bragging rights only.

So to get the ball rolling my forecast ( best guess ) is 1198.7 for week ending 16th April 2010
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Old Apr 15, 2010, 3:57am   #2
 
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Re: Weekly forecast for S&P 500

Quote:
Originally Posted by Pat494 View Post
I hope I will be able to start a bit of interesting competition to forecast the weekly Friday close of the S&P 500. Unless Sharkey & co anti up some prize or other ( hint hint ) it is for bragging rights only.

So to get the ball rolling my forecast ( best guess ) is 1198.7 for week ending 16th April 2010
I'll bite.
I haven't look at the S&P 500 in some time as I have been working on the forex side of things but I'll say 1185.
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Old Apr 17, 2010, 7:26pm   #3
 
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Re: Weekly forecast for S&P 500

Pat494 started this thread
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Originally Posted by hwsteele View Post
I'll bite.
I haven't look at the S&P 500 in some time as I have been working on the forex side of things but I'll say 1185.
S&P Friday close 1192.1

I guess thats 1 up to you hw. I was nearer 6.6 but you got the direction correct, on 7.1 away
I was well on track until the Goldman thing came up.
This week I am forecasting 1197 for week ending 23rd April
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Last edited by Pat494; Apr 18, 2010 at 10:44am.
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Old Apr 19, 2010, 7:24pm   #4
 
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Re: Weekly forecast for S&P 500

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S&P Friday close 1192.1

I guess thats 1 up to you hw. I was nearer 6.6 but you got the direction correct, on 7.1 away
I was well on track until the Goldman thing came up.
This week I am forecasting 1197 for week ending 23rd April
Well to tell the truth I used an old trick that only works with the third Friday of each month.
And I wanted to say 1185-1190 for the low of the day, but you gave the end of day criteria so I followed. I knew Friday would be a big down day cause of a couple a cycles coming out then, but got the price target from the SPY options that were expiring this month.
In fact using the option method would have worked with out the timing cycles.

Not having that to work with this week it will be a bit more of a challenge.

But I will say...

1174, but I like 1188 also.

But I did say 1174 first so that's my number!
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Old Apr 23, 2010, 11:45pm   #5
 
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Re: Weekly forecast for S&P 500

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Originally Posted by Pat494 View Post
S&P Friday close 1192.1

I guess thats 1 up to you hw. I was nearer 6.6 but you got the direction correct, on 7.1 away
I was well on track until the Goldman thing came up.
This week I am forecasting 1197 for week ending 23rd April
Looks like you won the prize this week!
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Old Apr 24, 2010, 9:39am   #6
 
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Re: Weekly forecast for S&P 500

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Looks like you won the prize this week!
Friday 23rd April Close 1217.3

Well that's 1-1. At least I'm giving you a bit of competition. Taking into account your lower forecast last week I am supposing you are thinking it may have topped out ?
The company results seem to be keeping the market buoyant for the time being. I am keeping an eye open for head 'n shoulders TA though.
I will post my next week's forecast soon.
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Old Apr 24, 2010, 9:58am   #7
 
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Re: Weekly forecast for S&P 500

Pat494 started this thread This week I am forecasting 1225 for week ending 30th April

It's going to pull-back fairly soon but maybe not this coming week imho
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Old Apr 24, 2010, 6:09pm   #8
 
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Re: Weekly forecast for S&P 500

Well I think the end of May might be a better time for a nice top.
Looking for the top to be somewhere around 1260
Could be wrong but..

I thought we might get some sideways this past week that's why I guessed what I did.

I am going to say 1210 for this Friday.
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