What is the best service for predicting which way the stock market is heading?
(Lately, I’ve noticed that with this volatile whipsawing market a lot of experts have been wrong. Can anyone recommend a service that they are completely pleased with or at least fairly pleased? Please explain why you like a service and how well it has done. Thank you!)
Answer:
I think the best system is your own versus someone’s “black box” that will blow up the moment you subscribe. Personally, I like to use the 50 day and 200 day crossovers. If the 50 crosses up and over the 200, the market is bullish. If the 50 crosses down through the 200, the market is bearish.
If you get a crossover, you may want to wait to see how the first major bounce/pullback reacts before changing positions. By waiting, this greatly reduces whipsaws and keeps you aligned with the LT trend for a longer period.
Posted: August 9th, 2010 under US Stock Market.
Tags: Stock market