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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Seismo who wrote (34662)	7/8/2012 10:19:30 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 222432

It could be a contrary indicator, as most market polls are, including the regular weekend market poll on this thread... whenever this thread's weekend market poll gets too lopsided, the market goes in the opposite direction that coming week... GZ

To: Seismo who wrote (34662)	7/8/2012 10:43:18 AM
From: George Statham	Respond to of 222432

I do agree that 40% and 45% in the link for 2011 and 2012 seems pretty poor. Same with Mike Burk in spite of all the data he's considering. So I wonder how we'd do. And it may be that a static, short-term prediction will always fall short in a dynamic system with so many variables. So it's entertaining to pick the direction for next week. But then you're stuck with that prediction with changing data unlike something like GZ's model. And it's so funny how the market seems to respond to news. Bad jobs numbers that are interpreted as an increase in the possibility of QE3. Merkel and Sarkozy agree to a future meeting. I've always loved Carl Swenlin's quote "Technical analysis is a windsock, not a crystal ball." GZ's model is more like a windsock and predicting next week's market is more like a crystal ball. JMHO