The Wall Street Oracle apps score a big 8 on a scale from 1 to 10 compared to the technical analysis experts of REED BUSINESS.
Since we are well passed September 10 we can do the bookkeeping about how good the forecasts of late August 10 has been. This is done on the forecasts of August 8 by comparing the high prices over the period until September 10. The overall 3.3% real profit on this 20 trading days period comes down to (255*3.3/20) 42% on a year basis. The only conclusion is that this kind of X-Index (technical analysis) forecasts are effective because for this TOP 99 list was forecasted 3.8% profit and 3.3% measured. This "achieved" 3.3% profit is of course theoretical because most of the time one does not sell exactly on the top.
Foto by Diego Delso
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