Win $500 - Simply Predict The Markets Closing Price!

[MadMarketScientist 11]

Want to win a $500 Amazon.com Gift Card?

 

How shiny is your crystal ball?

 

It's time to put it to good use in the TradersLaboratory.com Market Prediction Contest.

 

You know you can blow away all those talking heads on TV and the so-called experts and predict the market with greater accuracy. After all it appears most are more than likely using magic pixie dust, hope, prayer and snazzy guess-work. You can do better right? Well, even if you can't jump in and take a stab. You might be handsomely rewarded for making the best guess.

 

Here's all you need to do. Post here in this forum, between now and September 22nd your prediction where the Down Jones (INDU), S&P 500 (SPX) and the Nasdaq Composite (COMPX) will close on 12/31/10. Give an explanation or analysis if you want to sound ultra-smart or just consult your psychic and tell us what those closing prices wll be.

 

Whomever is the closest when we add all three of these market indices closing prices will be crowned the TradersLaboratory.com Market Prediction Champion (TLMPC!!!) This is quite an honor, a badge that you can wear proudly, brag about to friends and family or just simply talk trash amongst your trading buddies and frenemies here on TL.

 

You can only enter one time per person and there are no "Editing" of your post allowed (nice try:).) However, seek out your trading friends and have them enter and then demand a percentage when they win as your finder's fee.

 

Not to worry if you don't come in first. We'll offer some cool second and third place prizes.

 

1st Prize: $500 Amazon.com Gift Card

2nd Prize: $200 Amazon.com Gift Card

3rd Prize: $50 Amazon.com Gift Card

 

Take our money and get those entries in now. In the words of a great market prophet from years gone by "Let's light this candle!"

[SIUYA 11]

This needs to be anonymous, otherwise there is a chance to game people who go early!

Regardless....

My choices are to use the closing prices as at Monday 13th September as my guesses.

(mainly as its my birthday and this guess is as good as any)

[StevenSJC 10]

I'm in...here's mine:

 

Dow 10,963

S&P500 1,130

Nasdaq Comp 2,412

 

I'm praying all doesn't go to hell in a hand basket - whatever that means. So this is my 'things will get better' prediction in particular after the election even if it crumbles before.

[nbBurna 10]

I'll go ahead and say:

 

DOW: 10,431

 

S&P 500: 1,106

 

Nasdaq: 2,239

 

With all the back and forth volatility, I don't think the market will change much between now and then, so why not put up the same numbers that are up today?

[thalestrader 14]

Dow: 11514.38

 

SPX: 1274.81

 

CompX: 2680.28

 

"Well, this is a bull market, you know!" - Mr. Partridge

 

Best Wishes,

 

Thales

[Kumo_Ginko 10]

Let's keep bear...

 

Dow - 8853

 

S&P 500 - 943.10

 

Nasdaq - 1541.20

[yuppie_money 10]

I'm going with:

 

Dow - 11498.64

 

Nasdaq - 2768.32

 

S&P - 1309.81

[leonendness 10]

INDU: 9346

 

SPX: 1009

 

CompQX: 1899

[leonendness 10]

Indu: 9346

spx: 933

compqx:1903

[statsign 10]

$spx 954

$compx 1897

$indu 9679

[MadMarketScientist 11]

Thanks for the entries so far -- there's still a great chance for you guys to win - very good odds!

 

Apple iPad has an upgraded operating system coming out soon that is going to add a bunch of features (using bluetooth devices, printing, multi-task, etc...) so it gets even better. If you ever travel you can even use Logmein App and connect to your desktop at home -- I do it all the time and continue to trade.

 

MMS

[youri 10]

Hi i am going with DOW-10052,S&P500-1050,Nasdaq comp-2043

[r3vbr 10]

my predictions:

 

DOW: 11133

S&P500: 1188

NASDAQ: 2449

[dwg0 10]

Dow: 11205

S&P500: 1217

Nasdaq: 2530

[DylKay 10]

dow = 10881

S&P500 = 1209

Nasdaq=2489

[BlowFish 10]

Dow 10,650

Nasdaq 2,380

S&P 1,150

 

Guess based on markets ranging around a bit.

[JBWTrader 10]

Dow 10,400

S&P500 1,032

Nasdaq Comp 2,130

 

Thanks for the opportunity !

John

[Cory2679 11]

My entry will simply be today's (the last day to enter the contest) closing prices.

 

(I'm posting this now, before the close, just in case anyone else had the same idea...I've called it!! )

[Cory2679 11]

My entry will simply be today's (the last day to enter the contest) closing prices.

 

(I'm posting this now, before the close, just in case anyone else had the same idea...I've called it!! )

 

Dow: 10,739.31

 

Nasdaq: 2,334.55

 

S&P 500: 1,134.28

[snowbird 10]

pick a number,,, how about 8's and 1's

 

Dow - 8888

 

S&P 500 - 888

 

Nasdaq - 1111

 

still the 22nd here on the west coast so hopefully this makes the cutoff~

 

snowbird

[SIUYA 11]

As I have had some spare time, and this sort of stuff sometimes fascinates me (sad maybe )

I whacked this together quickly - so it might have a few errors.

but basically if I have read this correctly, the summation of the three indexes is the simple way to determine participants levels and the overall winning result.

I have attached a simple excel spreadsheet - so if there are errors let me know we can quickly fix them.

In the spreadsheet all you need to do is update the current prices (yellow) and the current leader column and chart should update. the chart is also just a simple one to see the spread of people.

tl_competition.xls

[BlowFish 10]

the summation method seems weird to me you could go zero on 2 of the 3 instruments and still win, you could be furthest wrong on all 3 and still win. A better way would be to add up the number of points each person is away from the actual price of the 3 instruments. Lowest score (closest across all 3) wins.

[SIUYA 11]

 

Whomever is the closest when we add all three of these market indices closing prices will be crowned the TradersLaboratory.com Market Prediction Champion (TLMPC!!!)

 

Rules of the competition!

 

If your really wanted an equalizer - a percentage differential would be required given the differing sizes of the indexes.

However - maybe this can be applied next time

 

I have updated the various suggested ideas as well to the spreadsheet.

(Edit: yuppie money I switched the SP and NDX for your numbers - makes a difference for the various % amounts, but not for the absolute - is this correct?)

tl_competition.xls

Edited September 23, 2010 by SIUYA

[BlowFish 10]

I was aware of the 'rules' hence my comment on them

[boomer9 10]

Es 1167.50

nq 2030.50

ym 11025.00