Stock Forecast Methods

Stock Market Trading and Investing

Technically S&P-500 May Be More Green than Red for the Next Two Weeks

Technically, S&P-500 index expected to be bullish during the period of October 4-15, 2010. According to the results of two different software tools for stock market, the behavior of the index is predicted as somehow between uptrend and sideways. However, technical predictions may be overwritten by changed fundamental-based expectations. The technical indicators are built on a historical predisposition and may work well if other informational factors are unavailable or new information still keeps the existing balance of future expectations. Technical methods are unable to predict most fundamental news, for example, the numbers of GDP or unemployment rate that will be announced.

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October 3, 2010 Posted by | Stock Market Forecast | , , , , , , , | Leave a comment