Monday, May 19, 2008

Forecast success

Forecasts are nailing the market on all timeframes.

Long term call made in late April:
"Next move down into 4/29-5/2, but for longer term trades this is a dip to be bought. Preferred scenario low 4/29-5/2 and higher low 5/8-9, then up. Market continuing rally 5/10 with market and up into early June."

Result - Low 5/1, higher low 5/9, big up week of 5/12.

Swing call made for week of 5/12:
"Pattern of week is up Monday and maybe strong, Tuesday mixed, Wednesday dropping down to form key low, Thursday rebound up, Friday up early.
Most bullish scenario is low of week very early on Monday with big rally, so any weakness Tuesday or Wednesday still above Monday's low; then up and higher highs Thursday and high of week on Friday."

Result - "Low of week Monday, key low Wednesday, high of week early Friday.

Recent intraday calls
For Monday 5/12: "Rally and maybe big to about 2:47+, then down."
Result - Rally up to HOD at 2:50. Not down but nothing higher.

For Tuesday 5/13: "Morning slow and probably down, but rebound up in afternoon. LOD: 11:40-11:56."
Result - Down in morning, 11:39-40 just slightly higher low.

For Thursday 5/15: "Preferred bullish scenario is mild down or sideways from open to 11:28, then rally all the way to 3:30."
Result - Sideways to 11:40, then rally all the way to 3:45.

Rates for QT basic just $120 per month or $300 for 3 months. 1 week free trial available upon request.

If you are interested in what is behind the black box, then I am happy to share everything in a private Yahoo group (currently 10 other members).

http://jpearlquicktrader.blogspot.com/2007/05/quicktrader-insight.html

cheers,
J