Chart represents S&P-500 forecast for November 9-13, 2009. The predictions have been performed using Investment Analyzer InvAn-4 (pattern similarity) and Stock Market Analyzer-Predictor SMAP-3 . Cycle analysis forecast and, especially, pattern similarity forecast show downtrend for the next week.
Pattern similarity forecast built on the comparisons of Open, High, Low, Close, and Volume for each day. This particular forecast used 80 days period to compare. The data of 504 companies from around 2-year historical period were used. The software scanned 151,200 patterns and found the best 10 matches which have been used to compose the forecast. In numbers, S&P-500 may go below 1000. Since the market recently became fast-evolving, the cycle analysis forecast computed for short periods, 6-10 months.