In the previous post “Forecast/ability” I did refer to the daily a.i. forecasts and I showed the results of a long and extensive research on the quality of the response of the model.
But when we come to the weekly and to the monthly forecast, things change radically and for the best. Undoubtedly, weekly and monthly bars undergo a reduced “noise” and express better the global consent of the partecipants to the market activity. Market is fractal in nature and I have not an explanation for why it behaves differently from daily to weekly and monthly time frames. Maybe because it reflects the attitudes of different categories of actors (investors have a totally different approach to the market than daytraders or position traders). Anyway this is what comes out years of observations of the forecasts produced by my model.
Just as an example, this monthly forecast chart has been produced exactly one year ago, on 5th of December of 2017 and shows how r.Virgeel forecasted correctly the October 2018 correction, ten months in advance. Astonishing, uh? Consider that the monthly model is a long term database of financial and econometric data, so the detected patterns are not only related to the market activity, but also to the underlying economic activity.
(The right part of the chart has been cutted, for respect to paying subscribers, as it refers to current market expectations and it is still valid).
Here another example, from the weekly model, published to subscribers on the 3rd of March 2018: the deep and scary correction was shaking the markets and r.Virgeel correctly forecasted that in 4 to 5 weeks the S&P 500 should reverse (not reaching the previous low) and go for new all times highs, as it did.
Quite obviously, these forecast on the long term side are not much interesting for very short term traders, but they may be invaluable for position traders and investors, that have a global vision of the market totally depurated from the biased news and the so-called experts opinions. hese are not opinions of any kind, they are the result of pure brute force number crunching
The psychological advantage of these knowledge is actually the first and best result: less stress, better decisions, more returns on your investments!