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Monday, March 1, 2010

stock market trading March 01, 2010---Price prediction forecasting

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Stock market trading March 01, 2010: Price prediction forecasting

(READ UPDATEs BELOW in particular UPDATE of 2:00PM)

It is now 11:09AM. Our models (which have been precise in predicting yet another market pivot point, in this case the latest top of more than a month ago (read the the previous post)) just issued us a warning on the potential end of this latest "bull leg" for the QQQQ.

Currently the QQQQs are at 45.41. The models indicate that for this morning, this might be the top area, and that the top for this lastest leg is now within 1% of the QQQQ. In other words our models are telling us that a possible top can take place between the current price of 45.41 and 45.86 area.

Follow through of this forecasting is to be made in the hours to come. The bears might start a slaughter attempt anytime. Let us see!

UPDATE: March 02, 2010 (close to 12noon). QQQQs are now at 45.75. We are now within 12cents from where the models said the top would be take place. If the models are right it would mean a this move up is about to reverse (in the 45.75 to 45.90 range).

UPDATE2: March 02, 2010 at 2PM. QQQQ are at 45.85. This is WITHIN 1 to 2 cents from the top forecast of models. THE MOMENT OF TRUTH HAS COME! I cannot wait to see whether the models will be right or wrong.


Happy trading!


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Happy trading,

2 Comments:

Anonymous Anonymous said...

Yes as always thanks for the alert.

Your efforts are indeed appreciated.

March 1, 2010 at 10:16 PM  
Anonymous Anonymous said...

Yes, watching the exact top unfold was awesome to behold.

I'm short!

March 2, 2010 at 8:08 PM  

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