Trader's Blog Contest for January

Posted on by lindsay

Contest has been closed as of 2/1/09.

The contest couldn't be any easier this month... acutally, every month is very easy. This month so you can win two ways... one way by luck and one way by skill.

Just answer the question and we'll put your name in the hat to win the prize below. If you guess ends up being closest to the actual value then you can win too.

So the question is…

"Where will the DOW close at the end of the 1st quarter of 2009?"

Will it land on 7,900 or at 11,532? It may seem like a shot in the dark now, but where do you think the DOW is headed? Enter a number and you will be put in for our drawing of the prize below.

Prize

Winner will receive 6 workshops on charting from our authors in INO TV. These MP3s and digital PDF workbooks will be mailed to you courtesy of INO TV. No shipping, no handling, no catches.

A special prize will be given out to the person with the answer closest to the actual close (winner will be notified April 1st, 2009 via email).

Advanced Trading Application Candlestick Charting Volume 1 - Gary Wagner & Brad Matheny
Advanced Trading Application Candlestick Charting Volume 2 - Gary Wagner & Brad Matheny
Practical Applications of Candlestick Charts - Gary Wagner
Bollinger Bands: Construction & Implementation - John Bollinger
Point & Figure Charting - Tom Dorsey
Finding Tops & Bottoms Using The NYSE Tick Index - Tim Ord

How To Enter:

Comment on this post telling us what price you think the DOW will close at on March 31, 2009 at 4:00 pm (EST). You have only until the end of January to answer, so think longer-term on this one.

—

Rules

1. This contest is open until 11:59 PM on January 31st, 2009.

2. No wrong answers, any participation counts as an entry.

3. One entry per email address.

4. Winner will be picked by random integer software.

5. Winner will be contacted on Friday, February 4th, 2009 via email.

6. Special Prize winner will be the numerical value closest to the official close listed on INO.com.

–

Good luck!

139 thoughts on “Trader's Blog Contest for January”

  11. Dow will close March out at 8,172 right where it is today. After the incredible damage inflicted during the last year, it will take many months of basing to offer any significant upside.

  13. Feels like I'm on the price is right. I don't think the economic stimulus is going to have much of an effect on deflation and the continuing loss of jobs as well as helping the banks that are now on life support with more bad news comming. Dow closes at 7150.

  19. Dow will be at 10400 by end of 1Q2009; even with more negative news from the banking sector, investors will be looking ahead to 3rdQ and will see some ray of hope given that companies are moving quickly to layoffs and expense cutting.

  23. I am hoping for a bullish turn, but if it goes bearish and breaks all support, I predict 6327, so mark me down for 6327. Thanks

  33. I predict the Dow Jones Industrial Index will close at 8721 on March 31, 2009.
    I predict the DOW will trade between 6,000 and 9,999 during the First Quarter of 2009. That was easy.
    We have no special insight into the future.
    The "Market" is in the hands of people.
    "People" are only somewhat predictible.
    Watch them climb a mountain and then jump off a cliff.

  40. honestly, there's no decent short term chart pattern i can zoom in, in order to "guess" where the dow at the end of the quarter. the weekly and the monthly charts are so darn ugly to see as well. The only defense of the dow is the double bottom (near 7,500 scenario (triple if 2002 low is added in the picture).The question at what level will the parabolic curve burst (which started at the low of 2002 to high of 2007, after the fact)will end must be address first. It is a big factor to determine in order to get a decent "guess" of where the dow will be. I have a theory though but to sum it all, "at what level will the dow close at the end of the quarter". Honestly, i dont have a clue.

    But within the period of 2009 though, basing on "emotional spike theory" and the "20% rule of low", the parabolic burst ended last nov 2007 low.recovered 20% afterwards, determining the low and confirming the burst target. i would say within 2009, dow will climnb back to 10,200 the least. caveat.

  44. I think we are headed for another leg down after a slight bounce after Inauguration it will come down to 7420

  45. i say by the end of the quarter 2009 the dow will be around 7587 range....or very close to it

    Rich

  46. Sorry folks but to or below 4,000

    On the monthly chart the Dow has posted a new low each month since September. On the daily a new low since the 6th January 09. It will be close to support on the day Obama is sworn in to office. A break of the support at about 7,500 sees the next support at about 4000. That sort of momentum could see that level breached to next supports at 3,000 and then below 2000. There are also a lot of fundamentals to my take but too much for here. In short I would say that from the Dow 8,000 in 03 the market was built on easier finance, that has fallen away and the outlook now is much worse than then

  47. THERE ARE STILL ALOT OF CORP. CROOKS OUT THERE.OUR DOLLOAR VALUE IS ABOUT TO DROP.OUR GOVERNMENT IS TRYING TO LAUNCH THE NEW NORTH AMERICAN CURRENCY.JOB LOSSES STILL ON THE RISE.MANUFACTURING CUT BACKS AND WE STILL CAN BE SAFE TO SAY GAS WILL BE GOING BACK UP ON A STEADY RISE SOON,AND NOT TO MENTION WE STILL HAVE A BUNCH OF CROOKS IN OUR GOVERNMENT THAT STILL NEED TO BE EXPOSED.UNCONTROLED IMMIGRATION DEMANDING MORE MONEY FOR MEDICAL AND FOOD.I CAN GO ON AND ON,BUT EVEN RAY CHARELS CAN SEE WHERE OUR COUNTRY IS HEADED IF OUR GOVERNMENT DOESNT PULL THEIR HEADS OUT OF THEIR (YOU KNOW WHAT!!)
    BACK TO THE ORGINAL QUESTION,I FEEL THE DOW WILL CLOSE AT 7824

  49. If there is any recovery, it will slow, but looking at the financial results of the major as well as small companies, the short at least looks very bleak. As long as companies don't change there business plans to become more profitable, by borrowing less,and keep their spending now, we in for a long recession.

  54. The dow will close around 9250. The quarter will me mostly flat with several real volitile days & recovery.

  71. Sun is not rising yet! There will be still many disappointments ahead!? DOW will be 7580 points! ;=D

  73. In my opinion, Bear market will still hold good and DOW will be at 7200 at the end of the quarter

  90. dow 9698 -march31-09
    range bound between 7500 - 10000 till 2010 then MAYBE a breakout if we are lucky!

  92. We will have an overdue rebound in the value of US stocks. In the end of I Q. 2009 DOW will oscilate in the 10000 - 10500 area . If I have to be very specific, lets guess - 10250. Nasdaq will get similar upward correction : 2000. In April - May a downward spiral will be resumed again until a bottom is reached somewhere in the mid of 2011.

  96. 9832 Honeymoon period, desperation and emotion will drive the market up, data will drive it in down Q3/Q4 - 2010 begins recovery

    GL All

  98. i would say that NYSE will have a big recovery in hte year of 2009 totally unexpected to the traders.But it will not be an abrupt uptrend.oten it goes up very slowly and pulls back a little to puzzle the traders.

  105. Very hard to say because I think we will see a new low in the DOW before the end of the first quarter...(in the 5000 range) and then a powerful rally after that....so I will say the DOW will finish trading at 7500 on Mar 31st.

  113. I have a feeling momentum from this past week and
    euphoria around the new administration's economic
    stimulus promises will serve as a further motive
    to bring the Dow to about 9000 I would say.

  115. The Dow has put in a solid bottom. When the move up will start or end- I don't know. The chart shows that it could be soon. But a move to 10500 or 11000 in a rapid manner is possible. And remember, because most think it will get worse or go lower, and so does the news, thats when the smart investors have already gathered their positions -opposite the sentiment. Remember Crude and all the other commodities not long ago?????? Global slowdown? Yeah, right!

  121. I think the first quarter will see an Obama honeymoon as the savior takes over, battling against lower corporate returns. Might see 9850 before the magic fades.

    Kevin O'Hara
    Gansevoort NY

  124. I predict the bears and bulls will be fighting it out the next 3-6 months, then the bulls will predominate. Thet's what my crystal ball says.
    Market is trending higher since Nov. 20-21 but that may have been a false bottom.

  128. I think the DOW will close at 8.999 on March 31, 2009 at 4:00 pm (EST). The Bears will be in charge, but control by the Bulls.

  131. Where will the Dow close at the end of the first quarter of 2009... I say it will close at 9,678.

  137. It is my opinion that the 'recovery' is only a
    retrace in a Crashing Market - If I should pick
    a target price I would say 6703 is as good as I
    can choose. I seriously hope for all our sakes
    I am dead wrong and being overly pessimistic.

Comments are closed.