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Published byHannah Newton Modified over 8 years ago
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Results for Market Forecast April 9-13, 2007 Copyright 2007, A New Story Foundation, Inc All rights reserved. And ongoing reassessment of April Monthly Forecast
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Overview This week’s Dow forecast and actuals were very close to an exact match. However, we continue to find a myopic-like distortion in our weekly forecasts vs the more reliable monthly forecasts. Our April monthly forecast continues to track and we stand by our forecast: Crude price approaching $78 by month’s end. Copyright 2007, A New Story Foundation, Inc.
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Dow Index - results Our most impressive results for the week. Copyright 2007, A New Story Foundation, Inc.
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Crude Oil - results The dip that began on Monday was greatly underestimated. Net change for the week, pretty close. Copyright 2007, A New Story Foundation, Inc.
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Copper - results Correct in spotting Thur. peak., but not very helpful overall for day to day. Best part of the forecast is again the net change for the week. Copyright 2007, A New Story Foundation, Inc.
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Dollar Index - results Correct in assessing “dollar struggling to climb”, and Tue sell off Did not see the trend change late in the week to down. Copyright 2007, A New Story Foundation, Inc.
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Conclusions The forecasts that are “right on” such as the Dow this week tells us that we are on to something beyond random guessing. Yet, there seems to be too much distortion in the weekly forecasts to use this method as a day trading system. We will return to a slightly longer term strategy primarily using the more reliable monthly forecasts, with the weekly information as supplemental to assist in timing entry and exit. Copyright 2007, A New Story Foundation, Inc.
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April Monthly Forecast - update End of 2 nd 6 day segment
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Crude Oil Crude Oil tracking extremely well so far.
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US Dollar Index US Dollar also tracking extremely well thus far.
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The Stock Market S&P index rose slightly more than expected.
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Gold Not even close. Low confidence in this forecast.
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April – ongoing assessment From sometime in the third week of April through the end of the month we continue to see a high probability for a sharp increase in the price of crude oil with concurrent decline in the stock market and U.S. Dollar. We again reaffirm our forecast for crude oil to approach $78 by month’s end due to a geopolitical event or the perception of significant increased risk of a geopolitical event most markedly in the 19 th – 25 th timeframe.
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Disclaimer A New Story Foundation is not a brokerage firm nor are we professional investment advisors. Please consult the appropriate person/firm for specific investment advice. Should you find our forecasts beneficial please consider supporting our research. Our sole source of funding is donations and grants from people like you. More information can be found on our website at http://anewstory.org.
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Thanks for your interest.
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