We are living in exciting times alright! I’m happy that the bailout plan was voted down but my guess is they’ll try to get it passed again. I’m not happy that 1.2 trillion dollars of market cap vanished yesterday but my Excel monte carlo simulations pointed to a slide to the 1100’s for the S&P500 [...]
With everyone scrambling to see how low the Dow, Nasdaq, and S&P500 will go, I’ve decided to throw my Monte Carlo simulated price targets into the mix. They’ve been pretty accurate so far and I use this system to find my Forex stops and limit BUY/SELL points. I also use it for work [...]
I left work late on Friday because I got distracted running Monte Carlo simulations on our 401k accounts. I’m on a quest to refine my retirement plan of achieving Financial Critical Mass, something I heard about from Bob Brinker many years ago.
Financial Critical Mass is defined as the capital you need in your retirement [...]
I haven’t posted price targets in a while but here’s a quick one for the S&P500 based on today’s close of 1360.
Upside Targets: 1446, 1544
Downside Targets: 1348, 1250, 1152
If you ask me, I think we’re going to see another leg down in the markets but what do I know?
I make it a habit of “selectively” catching falling knives and yesterday was definitely such a day. I emailed my members yesterday around lunch time yesterday to tell them that my Market Timing model issued a strong BUY signal. Interestingly enough it was at the 1335 level which is right around the 1337 [...]
I mentioned to my members in this past week’s Market Timing Report that I would run a Monte Carlo simulation on the S&P500 to see what are the potential upside and downside targets for the S&P500.
The Monte Carlo sim confirmed my suspcisions that the the 1310 to 1340 level was indeed an interim support area [...]
The spreadsheet I’m about to share with you was the basic backend ETF trend system I developed for live trading. I used the RTQuotesXL and AnalyzerXL modules from TraderXL Pro to download the data in real time and create momentum signals on the fly.
I spent countless of hours building this spreadsheet (ETF_Trend_System_020808.xls) but [...]
