Welcome to the first post of the FM Forecasting blog. It is our aim here to create an open community for financial market participants to gain a better understanding of where prices are headed in the future. But lets make the distinction here right away, we are not going to give any specific advice, but we will help YOU make more informed decisions.
We are not here to sell you any services or sign you up for courses, our blog is a beta version of a free website we will be releasing soon (soon however is defined in the vernacular of a tech person) that will allow users to gain a better understanding of what the future may look like.
Mark Twain famously said "History doesn't repeat itself, but it does rhyme" and anyone who has followed financial markets long enough would probably agree. You rarely get the exact same circumstances occurring over and over again but you do get pieces of the puzzle that when put together give you a picture that looks like something you saw before.
Sounds great doesn't it, but what does it mean practically?
Through this blog, we are going to be taking a look at contemporary set ups in the market and determining if we can find instances in the past the give clues to how the future turned out. Want to know what typically happens after the stock market runs up like it has over the past few weeks, we'll give you the facts. Want to see how a stock trades after it misses earnings, we'll show you that too.
Stay tuned as you begin your journey towards an education based on facts and easy to understand statistics.