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Predicting Pivots and price!!!

Posted: Wed Jul 18, 2007 10:45 pm
by pineapples
Has anyone seen/heard of this site http://eminiforecaster.com?a_aid=a7711a40
They claim to have developed an algorythm to accurately predict market movement and pivot points.
They show previous results.
Does anyone know anything about them? I googled quickly for reviews and found zilch.
The claims make me wary. If they are bandits it may be worth telling traders to steer clear. If not, we're rich beyond our wildest dreams.

Posted: Wed Jul 18, 2007 11:48 pm
by Patch
Pineapples

The site looks interesting. If no one has any thing to say to the contrary, why don't you try the two week trial and let us know how it comes out along with screen shots.

Patch
In VA

Posted: Thu Jul 19, 2007 2:43 pm
by daedalus
On their "history" page they show their forecast... looks like a ma unless i'm missing something?

Posted: Thu Jul 19, 2007 3:17 pm
by pineapples
Yes it looks like that but is apparently a direct prediction of price.
If those results are to be believed it appears they get the weekly direction right quite a lot.
Well, as the Pound is high at the moment maybe 49 bucks is worth being the guinea pig for.
Or maybe not.

Posted: Mon Aug 06, 2007 10:36 am
by Andy123
Did you have a go at the trial Pineapples ?

Posted: Mon Aug 06, 2007 1:06 pm
by pineapples
Decided not too in the end. They emal their results each week and I thought most people could make just as good an educated guess at the price movement.
Just not quite accurate enough for me. Maybe I'm fussy.

Posted: Mon Aug 06, 2007 1:24 pm
by Andy123
Thanks Pineapples for the reply

Posted: Mon Aug 06, 2007 6:44 pm
by dbw451
Hmmm, these forecasts look a lot like Wave59's forecasts based on planetary cycles (look at the Forecaster writeup at the bottom of this Wave59 page):

http://www.wave59.com/astrology.asp

Most traders scoff at the idea of planetary cycles affecting market movement so if eminiforecaster.com is basing their forecasts on astrology, they are wise not to mention exactly what cycles they are using for their calculations. I actually have no idea what eminiforecaster.com is doing for their cycle based forecasts; the forecast pictures on their website just reminded me of Wave59.

I agree with pineapples, these sorts of cycle forecasts are not accurate enough for me to trade.

Regards,

David

Posted: Sun Aug 17, 2008 7:14 am
by pineapples
Been meaning to do this for a while...here is my prediction of the following weeks S&P500 price movements. I have put pivot points on there too. I'm going to compare my results with eminiforecaster at the end of the week. (btw I still have not subscribed to their website):
Image

If the image is not too clear, my prediction line starts at 1304 and ends at 1327.
I will post the overlay once the data fills in by the end of the week.

Posted: Wed Aug 20, 2008 3:21 am
by pitboss
For those who like to 'predict' the direction of any type of market instrument, I have this beautiful crystal ball for sale :)