Australian All Ordinaries Index
@redyellowblackdog (10629)
United States
December 7, 2006 7:43am CST
For our stock market friends in Australia, here is a projection of trend and trading range for the Australian All Ordinaries Index.
Notice the wide variance in price possible at the end of a year? This chart indicates the ^AORD (yahoo.finance symbol) could be between about as high as 6000 to about as low as 5000. This is not magically miraculous forecasting!
It is, however, about as accurate as can be done, I think.
Does anyone know of another source for stock projections such as this? That is, an actual chart showing the forecasted trend and trading range extending into the future on the chart?
1 person likes this
6 responses
@The_Eagle_1 (1121)
• Australia
10 Dec 06
Yes if it were that easy, people would all be doing it, getting rich and nobody would be working anymore, causing a "crash" and the cycle could start all over again!! lol
BTW congratulations on your 200 !!
1 person likes this
@redyellowblackdog (10629)
• United States
10 Dec 06
200! I did not even notice. Just been having fun. 300 will take a lot longer. Some of the fun is wearing off. I still like posting at MyLot, but I'm not as addicted as I was for awhile.
1 person likes this
@The_Eagle_1 (1121)
• Australia
8 Dec 06
The stock market has been generous over a fair span again now...which to me indicates a fall of maybe not catasrophic proportion...but nasty all the same! I don't really know enough about it though....only comparing situations and outcomes from past performances. The problem with live graphs is that people are finicky..and panic sell causing a snowball effect thus throwing a curb ball into the equation!
@The_Eagle_1 (1121)
• Australia
19 Dec 06
My friend dabbles in Dow Jones and last yearwas not real happy, but he has regained some of his happiness....more as the shares have risen again!! haha ...
As long as you are happy in what you do and it doesn't hurt anyone red...what ohters think is like water off a ducks back!! (leaves with a broad grin)....
@redyellowblackdog (10629)
• United States
19 Dec 06
There is good news and bad news for your friend who dabbles in the DOW JONES. The good news is that the long term trend is absolutely UP. There is a massive world wide inflation that can not be stopped and it is carrying stock prices higher.
The bad news is that very soon, maybe even today, the DOW JONES is going to take a little rest on its ride UP.
But as I said, the long term trend (8 years) is still difinitely UP even though the 1 year trend is showing a little negativity later.
@The_Eagle_1 (1121)
• Australia
18 Dec 06
The novilty of waiting for responses get the better of you or are you finding time to do other things more important??
Hope you are Okay red!
@redyellowblackdog (10629)
• United States
18 Dec 06
I do not wait for responses. MyLot is a form of recreation for me. I play with it, go back to my work, then come back and play later.
I am a researcher into methods of stock market forecasting. On a rare occaision I will publish results. On less rare occaisions I'll make an investment in the markets.
For the most part, I keep rather busy, though to most people what I do would be considered a complete waste of time.
@The_Eagle_1 (1121)
• Australia
20 Dec 06
Hahaha...I'll put the wind up him with your info red, hehehe!
I stir him regularly, and like a big salmon, he snap bites it up, hahaha...but it's good that long term looks good ... although he has probably got about two years before retiring....
Have a good day red!
@redyellowblackdog (10629)
• United States
7 Dec 06
Forex seems to be the hot thing these days. I know less about that then you. Consider starting a MyLot forex list. Then maybe more of us can learn about it.
1 person likes this
