I devised the most powerful trading method ever! I use a combination of LOGIC, market trend, Earnings per share and changes to P/E. I also combine that with technical signals to determine exactly what a stock's price will do next! I discovered this quite by accident, a method so accurate, it's scary.
Monday, December 05, 2016
SPY 226 Dec target price.
SPY Q3 was supposed to be 29ish, but it came in at 31-ish ---or 5 to 6% over the estimates....
The Q2 high was 2-16 to 218, in July-Aug.
adding 5 to 6% to 216 gives me 226 to 228.9
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SPY Q3 earnings were supposed to be 29ish, but it came in at 31-ish ---or 5 to 6% over the estimates....
The Q2 high was 216 to 218, in July-Aug.
adding 5 to 6% to 216 gives me 226 to 228.9 (in Dec.)----
past 2 years, this method was within 1% of the actual. except aug 2015 dip