2008 Semiannual Forecasts and Occasional Updates of Stock Market, Forex, Precious Metals, and Grains by Top Contestant in Trading Competitions

DOES MONEY GROW ON TREES?

Perhaps, but money trees take a lot of work! The semiannual forecasts are below the UPDATES AND DISCUSSION section.

I had been posting at the discussion group at Dan Ascani's website. When his discussion group closed due to spam, I started my own blog at geocities.com. In 2007, I moved to squidoo.com.

UPDATES AND DISCUSSION

This focus of this discussion is short-term and intermediate-term market analyses. Visitors who want to see long-term Elliott Wave market analyses and visitors who are not familiar with wave counts mentioned in this section may want to read a simple summary of Elliott Wave Principle at: http://www.squidoo.com/Elliott_Wave

Visitors interested in reading about various markets and instruments for trading can find a summary at: Markets and Instruments For Trading

Discussion of long-term outlook of the economy, financial markets, and commodity markets resulting from long-term business cycles or economic cycles is located at http://www.squidoo.com/BusinessCycles

The regular feedback module is at the bottom of this page.
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Lensmaster

David_the_Avatar wrote

in reply to David_the_Avatar I also moved updates to http://www.squidoo.com/2009Forecast_Stocks_Forex_Metals_Grains

Posted January 27, 2009

Lensmaster

David_the_Avatar wrote

in reply to David_the_Avatar The new semiannual forecasts will also be posted at: http://www.squidoo.com/2009Forecast_Stocks_Forex_Metals_Grains

Posted January 04, 2009

Lensmaster

David_the_Avatar wrote

The SPX finally broke decisively above 918 and is headed toward the top shown for this coming week in my semiannual forecasts. My target is 1000 for now. I'll have more updates over the next few days.

For 2009, I'm moving the updates and discussion to http://www.squidoo.com/2009Forecast_Stocks_Forex_Metals_Grains

Posted January 04, 2009

Lensmaster

JBollinger wrote

in reply to Jeff H The continuing drop in crude will reduce my gasoline expensesl.

Posted December 31, 2008

Lensmaster

Jeff H wrote

Yeah the crude is really not stopped, one thing I use is a 13 and 40 day moving average, when price goes through both of these then a bottom maybe in, I have been watching the crude, not yet, the SPX has been up and down through these in the last month, I am really beginning to think that the decline may be over. One more low would give up 5, the Obama B wave appears due, he is going to spend and the goverment has already taken over the country. 2010 is the next fibo cycle hits. Social democracy, the new deal II

Posted December 29, 2008

Lensmaster

Dr. JP wrote

in reply to Jeff H Jeff, Feb crude went to a new low last Wed. Did the oil stocks diverge? Jan beans hit 976 earlier today and I sold.

Posted December 29, 2008

Lensmaster

David_the_Avatar wrote

On Dec. 15th, I posted: "Grains should be peaking, correct until at least the middle of this week, and run up through the end of the month. My targets are 970's for Jan beans and 430's for Mar corn." Beans and corn targets are reachable by this Mon or Tu; It's almost time to sell. If the SPX doesn't decisively break 918 in about a week, I'm expecting a very sharp selloff to low 800's in mid-Jan.

Posted December 27, 2008

Lensmaster

David_the_Avatar wrote

Beans are advancing nicely even though gold appears to have started a wave c down and crude oil dropped to a new low today. I expect grains to continue rising whereas metals and energy should continue dropping. The SPX probably needs more basing this week before breaking through 918 next week; the action should be explosive once SPX closes above 918.

Happy holidays to everybody.

Posted December 23, 2008

Lensmaster

Jeff H wrote

The Fed is in the long bond market and is pushing very hard, flight to quality, no way a full on
government play to lower long tern rates, buy the bonds and ihuge, there goal is to get long term rates lower and it is working.

Reports from my mortgage banking client is business is booming, huge wave of re-financings.
The Social Democratic revolution, or new deal II is days away.

Get ready Mr O is going to come out firing, the whole sturcture of our economy is change, one thing I can tell you is no one who has lost a job due to Wall Street will have a problem supporting much higher taxes on the rich. Much higher, raising the social security cap is huge, I know I am a CPA and do taxes and pay this tax, have the rich save social security, those fat cat can pay.

Jeff

Posted December 21, 2008

Lensmaster

David_the_Avatar wrote

SPX, currencies, metals, and grains are completing corrections. The indices and grains should have more upside potential than currencies and metals over the next 2 weeks.

Posted December 19, 2008

SEMIANNUAL FORECASTS

SEMIANNUAL FORECASTS OF S&P 500 STOCK INDEX, EURO, GOLD, AND SOYBEANS
Below are my semiannual forecasts for the S&P 500, euro, gold, and soybeans. The trends of other US stock indices are very similar to the S&P 500 stock index. The trends of other currencies such as the Australian dollar, British pound, and Japanese yen are very similar to the euro. The US Dollar Index is almost exactly opposite to the euro. The movement of the Canadian dollar is sometimes similar to the euro and sometimes opposite; I may mention the Canadian dollar in my updates. The trends of silver and platinum are very similar to gold. The trend of corn are very similar to soybeans, whereas the trend of wheat have some similarities to soybeans. My updates may include comments on other interesting markets.

My forecasts through Jan 2009 is below:

My forecasts through July 2008 is below:

My forecasts through Jan. 2008 is below:

Price Quotes and Charts

Click here for S&P500 chart

EURO chart:

[Most Recent Exchange Rate from www.kitco.com]

GOLD CHART:

Click here for soybeans prices and charts

CURRENT MOONlunar phase

FUTURES EXCHANGES

Contract size, important dates, trading hours, initial margin and other information about various futures contracts can be found at the websites of the futures exchanges.

Chicago Board of Trade: Futures exchange for grains, Dow Jones Industrials, precious metals, and other markets.
Chicago Mercantile Exchange: Futures exchange for foreign currencies, S&P 500 index, and other markets.
New York Mercantile Exchange: Futures exchange for precious metals and other markets.
New York Board of Trade: Futures exchange for US Dollar Index, Euro Index, NYSE stock index, and other markets.