The success of this prediction may be viewed as possible evidence that the stock market is not just a random walk. That does not mean that there is no randomness in the stock market.
Wednesday, March 11, 2009
Predicting the Random Walk?
In my post on Friday, March 6th I discussed the possibility of the start of a rally for the SP500 Index. The upward turn at level 667 did develop into a relatively significant rally. I have circled the rally on the updated chart. It will be interesting to monitor to see where the market goes from here.