Here is a weekly chart of the Nasdaq Composite Index. I last commented on this chart here.
I think this index is headed for my primary target of 2550, just underneath the level which is 1/2 of the 2000 high point at 5133. My best guess is that this target will be reached by late November 2006.
3 comments:
Hello Carl:
I work also with forecast, I like this. I think that the Artificial Inteligence can help us to predict a result. I'm working with this tool, and comparing with another methods of forecasting.
What do you think?
Can you talk a bit about what happens when the futures hit 1309? What kind of a reaction are you expecting?
Just started following your blog and you've been spot on so far in your short term predictions - keep it up. Do you use fundamental analysis at all or purely technical?
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