Forecasting the SP 500（预测标普500指数）.pdfVIP

Reducing the Noise in Forecasting the SP 500 Sam S. Park – September 2005 sam@ Past and Present Endeavors Many academics, researchers and analysts have been searching for the Holy Grail that would correctly predict the future movements of the stock markets. People have developed everything from simple arithmetic ratios to complex algorithms to guess where markets may head in the next period. A popular forecasting method is the application of technical analysis. People have applied the Elliot Wave theory, which bases its theory on Fibonacci sequence and that prices move in a repeated