MarketTrak Question/Comment Message

Posted By: Kuwait   Date: Thu Mar 15, 2012

Title: Can your ANO Network Forecast S&P

  Can your ANO Network Forecast S&P or an individual stock ?
  Thank you

  The DJIA and the SP500 are highly correlated. This means that the forecast for the DJIA can be used for the SP500. Click here to see some data on this.

  I really don't have any experience using the forecast to time an individual stock but I imagine it would be okay if the correlation coefficient between the DJIA and the stock is large, say greater than 0.95.

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