Monday, December 15, 2008

BUY LONG at 12/15/2008 close

For the 24-hour period beginning 12:50 PM PST, Forecast Monkey says BUY the S&P500 (Sell any other holdings and buy Ultrabull fund or SSO shares).

Today's prediction was reached by giving the Forecast Monkey a Valium and engaging him in a 4-hour staring contest. Creepy? Yes. Effective? We'll see tomorrow.

On Friday, Forecast Monkey predicted that the S&P 500 would fall over the 72-hour period ending now. With ten minutes remaining in the trading day, it appears that yesterday's prediction was correct. If you are an "easy mark" and actually traded based on the forecasts so far, as of right now you would have total return of approximately 11% over the last 6 days (exact number will be posted tomorrow).

So far, the Forecast Monkey has been 100% correct in his trading predictions. If he keeps that level of accuracy, a trader following his advice will double his money every few months.

Total return through Friday's close was: +9.59%.

I beg of you not to use this silly forecast in real-life trading. These predictions are for ENTERTAINMENT PURPOSES ONLY.

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