Tuesday, October 19, 2010

Dow Industrial Forecast as of 10/19/2010

We see some disturbing possibilities here, as only one scenario points up and one points down big tomorrow. The consensus seems to be a lower close is ahead. The bias is negative going forward until the market proves otherwise.

From a high/low perspective, it's possible the market may remain somewhat contained, albeit generally trending lower, for the next few days. Only one scenario shows a push to new highs, which is possible, so if the market does NOT make new lows tomorrow, that could make this scenario more likely.


  1. I'm a fan of this software- saw it at Cobras.. and will be watching your site :)

    thanks for posting this!

  2. No problem. Thanks for commenting. It's just something to use as a reference. I personally only use it to hedge my core positions if I see a clear bias. As with statistics and history, it may or may not repeat.