Weekly forecast for S&P 500

[hwsteele]

For Week Ending Friday 12th November at 1199.2



WINNERS
Pat 494.........10
hwsteele .......6
Gaffs............5
wackypete .....4
N. Rothschild ..2
dpinpon ........1
Elitejets ........1
luckyd 1976 ....1
Robster970.....1

Great pick Gaffs. So congrats to you

:clap:

Congrats to Gaffs! 3rd place and moving up strong.

 

[isatrader]

I came across this thread and thought I’d join in if that’s ok?

I think it’s going to be a volatile week. Up and down, but closing lower than last week.

Target 1180 (11-19-10)

 

[wackypete2]

I'm going 1170
Too much uncertainty.
Peter

 

[robster970]

1154

Not had a look at COT for last week yet but Euro shennanigans + limited effect on Friday's POMO = quite a lot of uncertainty as Pete said, except I reckon there will be more of a sell-off this week.

 

[Gaffs1964]

Thanks gents.

1173 for me this week

yes, I'm on the uncertainty train too - I've got a retracement at about 1230 as well, so I'm short.

 

[Pat494]

Thought I might have a little fun with the forecasts this week !!

The average of all the forecasts is 1180.5

If anyone can figure out the weighted forecast so much the better, let us know ?

 

[SanMiguel]

1160 w/e 19 Nov

 

[wackypete2]

Thought I might have a little fun with the forecasts this week !!

The average of all the forecasts is 1180.5

If anyone can figure out the weighted forecast so much the better, let us know ?

I don't put much weight on my forecast. Does that help
On the other hand many of us here are very certain of the current uncertainty.

What does it all mean?

Peter

 

[Pat494]

Thought I might have a little fun with the forecasts this week !!

The average of all the forecasts is 1180.5

If anyone can figure out the weighted forecast so much the better, let us know ?

Yea ok you geniouses are pretty busy I guess, so I will have to do it meself ,here is my weighted forecast computation = 1191.7

( that's weighting it according to number of wins )

 

[hwsteele]

Yea ok you geniouses are pretty busy I guess, so I will have to do it meself ,here is my weighted forecast computation = 1191.7

( that's weighting it according to number of wins )

Wow a little time on your hands?:cheesy:
So what happens if the averages win?

 

[Pat494]

Wow a little time on your hands?:cheesy:
So what happens if the averages win?

theoretically I suppose they should, but the nearest individual will still win as per normal, I think is fair ?

 

[robster970]

Wow a little time on your hands?:cheesy:
So what happens if the averages win?

Put 'Average' in the league table - see how we all fair against it.

 

[wackypete2]

Put 'Average' in the league table - see how we all fair against it.

Hey...whadda trying to do, embarass me???

Peter

 

[Pat494]

Put 'Average' in the league table - see how we all fair against it.

Good idea Rob, will do

 

[robster970]

Good idea Rob, will do

It will be an interesting exercise in weighing machine vs voting machine.

 

[Pat494]

For Week Ending Friday 19th November at 1199.73



WINNERS
Pat 494.........11
hwsteele .......6
Gaffs............5
wackypete .....4
N. Rothschild ..2
dpinpon ........1
Elitejets ........1
luckyd 1976 ....1
robster970.....1

You were nearest hwsteele but got the all important direction from last Friday's close wrong . So commiserations.
The 2 averages were fairly close too. I was thinking that if someone were to put an absolutely ridiculous forecast in to muck up the averages I would treat that as an irelevent outlier !

 

[Pat494]

Looking at the weekly charts there is an unmistakable double top.

The market seems to be in a congestion area at the mo, so I don't see much overall movement.

Therefore my forecast is still up but only just at 1205

 

[SanMiguel]

1180 w/e 26/11 then
1150 w/e 3/12

 

[axp]

next friday 1220

 

[elitejets]

1226