Following our Seeking Alpha commenter rant today, it turns out that once again, we're right. Again.
Here's the evidence, in which we take into account the Japanese Black Thursday stock market crash. Our chart below assumes that if the S&P 500 will indeed fall 18.30 points today, as the pre-market open stock price futures for the day currently indicate. Pay close attention to where the daily stock prices (dotted line) and the 20-day moving average (black line) converge:
Why, it's almost as if we anticipated this would happen, absent some action by the Fed....
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
ironman at politicalcalculations
Thanks in advance!
Closing values for previous trading day.
This site is primarily powered by:
CSS Validation
RSS Site Feed
JavaScript
The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.
Other Cool Resources
Blog Roll
