An experiment

Tags: experimental forcasting, patterns, HD
24 Jul 10:06am

Home Depot, Inc. (The)

HD (NYSE)

Forecast has expired Ended: Wednesday August 8, 2007

Target

$39.84 To $40.44

$1.51 (3.9%)

Time Span:2wks and below

Final

$32.54

-$6.09 (15.8%)

Recommendation

Rating:Hold

Risk:Balanced

Stop Loss Price:Unspecified

Final XP: 873

Target not reached

Analysis

THIS IS A BIT OF A TRIAL

Take me with a grain of salt...


I've been looking at hd's previous history and have noticed a rec curing "3 spike" pattern. Usually within a period (one month) hd will spike highest within the first few weeks, then slightly lower sometime in the third, followed by a loosely similar spike in the forth to fifth weeks. Bear in mind I am taking very little account of current events in regard to hd, this is really just meant to be a wee experiment to test whether it is feasible to use this method. Although, wouldn't it be interesting if this prediction came true? well see...

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