predicting stock market turning points
TRANSCRIPT
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RXOLJM\JE@ ]\GMKANXKO\ \_XEJE@
RGJE\]
\fo agst rocjnhco jeljmntgr tg igromnst n
romossjge
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->.22
2.22
>.22
8.22
=.22
222
>?22
8222
8?22
Zjocl Murvo (>2y-=a) ]&R ?22
Jevortol ZjoclMurvo
]tgmk Anrkot & Zjocl Murvo
! 8222 n!l 822" t#o yjocl murvo $omnao j!vortol. %#j j !gt mgrrocntjg!t#j j mnuncjty n 'o 'jcc oo cntor
Jt js mnusncjty
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Zjocl Murvo
Moetrnc hneks mgesjlor tfo yjocl murvo ns n pgworiuc jeljmntgr wjtfro`nrl tg tfo stnto gi tfo omgegay.
Ne jevortol yjocl murvo mne tocc ygu n cgt nhgut tfo mgeljtjges je tfomroljt anrkot nel wfnt any fnppoe je tfo hgel/stgmk anrkot neltfo omgegay.
r r
t t
Egranc Zjocl Murvo Jevortol Zjocl Murvo
r covoc gi jetorost rntos! t tjao
"fgrt tora rntos nrofj`for tfne cge` torarntos
#ge` tora rntos nrofj`for tfne sfgrt torarntos
Egranc vs. Jevortol ZjoclMurvo
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! j!vortol yjocl murvo j $nl !o' *gr t#o omg!gay
Ne jevortol yjocl
murvo js hnl igrhgrrgwors wfgrocy ge sfgrt
tora $enemje` grfnvo mroljt
mgetrnmts wjtf nvnrjnhco rnto !l o+omjnccy #j,#cy covorn,ol
$enemjnc jestjtutjges ,ot j!trgu$co $omnuo t#oy !n!mot#ojr +grt*gcjg #grt tora j!grlor tg anjaj/o t#ojr +rgt
%usjeossos,ot #urt $omnuot#oy !n!mo t#ojr g+orntjg!uunccy #grt tora (j!vo!tgry'n,o otm.)
Mgesuaors,ot ncg #urt '#o!t#ojr vnrjn$co rnto j root nt#j,#or rnto (j.o. >A)
&foe ygu nro covorn`ol ygu fnvo nprghcoa
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$n!k $ncn!mo #oot j! n !granc j!torot o!vjrg!ao!t (!grancyjocl murvo)
)fo spronl *(( hp. js tfo prg$t igr tfo hnek. "fgrt tora jetorostrntos +*,- nro hocgw cge` tora jetorost rntos +,-
=gn!< ?
Nssots
9o+gjt< 8
#jnhjcjtjos
Ag!oyanrkot< 8
%neks hgrrgwageoy 2,
%neks coelageoy ,
>vortfje` js $eo
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$n!k $ncn!mo #oot '#o! t#o yjocl murvo j j!vortol
)fo spronl js eo`ntjvo ?9(( hp.&jtfgut eow hgrrgwors wfg hgrrgw ageoy nhgvo 0, tfo hnek6s
prg$t js eo`ntjvo
=gn!< ?
Nssots
9o+gjt< 0
#jnhjcjtjos
Ag!oyanrkot< 0
%neks hgrrgwageoy 0,
%neks coelageoy ,
Egw wo fnvo nprghcoa
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%#j j #g' n!l '#y jt #n++o! ( g* )
]#grt tora j!torot rnto nro trg!, j!6uo!mol $y t#o nmtjg! g* mo!trnc$n!k.
Mo!trnc $n!k uunccy rnjo j!torot rnto tg ,#t j!6ntjg!. ]g '#o!mo!trnc $n!k tj,#to! t#o ag!oy u++cy vjn j!torot rnto #jko #grt tora
!n!mj!, $omgao agro o+o!jvo n!l t#oro*gro u!nttrnmtjvo.
n rouct mg!uaor n!l $uj!o #nvo tg +o!l agro g* t#ojr j!mgaotg lo$t orvjmo +nyao!t.
Rgto!tjnc !o' $grrg'or ,ot ljmgurn,ol n!l $n!k $omgao agrorocumtn!t co!l tg mg!uaor $uj!o n!l gt#or $n!k.
:j,#cy covorn,ol $n!k ,ot 4uoo/ol n!l nro *grmol tg occ not grtoraj!nto cg!, tora mg!trnmt - j* +gj$co.
Moetrnc %neks nrojapgrtnet
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%#j j #g' n!l '#y jt #n++o! ( g* )
%grrgwors wfg nro egt nhco tg sorvjmo tfojr loht wjtf tfojrjemgao nro igrmol tg socc tfojr nssots. )fjs fns n eo`ntjvoo:omt ge tfo rospomtjvo nssot anrkot sjemo agro suppcyaones inccje` nssot prjmos
)fo prgmoss je soci?oeigrmje` homnuso coss spoelje` aonescoss jemgao
4nccje` nssot prjmos rolumo hgrrgwor6s nhjcjty tg `ot mroljt
homnuso fjs/fors mgccntornc +nssot- js inccje` je prjmo
&foe tfo covorn`o +loht- je n spomj$m nssot mcnss +j.o. roncostnto- js nt fj`f covocs n romossjge js ncagst jeovjtnhco
)fo prgmoss je soci?oeigrmje`
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%#o murro!t jtuntjg!
Murroetcy jetorost rnto je tfo ;" nel tfo >urg3geo nro nt 13org5
)fo cnst tjao tfnt tfjs fnppoeol je tfo ;" wns lurje` tfo 7rontBoprossjge j.o. nhgut H( yonrs n`g
"g lg egt o
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