Stock Forecast Methods

Stock Market Trading and Investing

Stocks’ Forecast for the Last Two Weeks of October 2010

The chart below shows S&P-500 index forecast for October 18-29, 2010. It has been calculated using pattern recognition forecasting and indicates some move down and then up.

Stocks' Forecast for the Last Two Weeks of October 2010

This time most technical indicators do not signal any significant move – neither up, nor down. However, a big fluctuation can be expected due to the third quoter reporting season. Statistically, in most cases, it is a “bumpy road” from one to another day. At this an unbalanced stage, any particular overly good or bad news may drive stocks in any direction significantly. And it can be an opportunity for skilled traders.

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October 16, 2010 Posted by | Stock Market Forecast | , , , , , , , | Leave a comment