Steve Griffiths - live on CNBC TV, March 2003
During March 2003 Steve Griffiths made a number of appearances on CNBC
Europe, looking at and analyzing the European and US markets. As an example
of how MTPredictor has performed in the past, this page features some
clips from Steve's appearances to show how some of his live calls
on the markets turned out. As we always point out, however, MTPredictor
is designed for the business of trading rather than forecasting...these
are cases of preparing in advance. This was live television,
so these were actual predictions made at the time - without the benefit
of hindsight!
Please note: You will need RealPlayer™ installed
on your PC to view these video clips.
To install RealPlayer, please visit: http://uk.real.com/index.html
Example 1: S&P 500® Futures
When Steve appeared on Wednesday March 5 2003, he used the software to
suggest that the S&P had just made a Wave (4) high and would continue
to decline into at least the first projected Wave 5 WPT target.
Using the MTPredictor program, he projected this support level to be 790
- 799 on the (Mar) contract.
Please click on the links below to view the video clip:
As you can see from the chart below, this is indeed what happened, as
the S&P declined and then reversed exactly in the projected support
zone:
For a more detailed look at this example, please
click here
To see the result of this example, and for Steve's next appearance two
weeks later (Wednesday March 19 2003), please see the video clip below.
As you can see, the software helped nail the exact low in the S&P
over one week in advance !
Please click on the links below to view the video clip:
Example 2: XTA, UK stock
When Steve appeared on Wednesday March 5 2003, he predicted that Xastra
(XTA), a UK stock, would be an ideal candidate to take advantage of the
anticipated decline in the main markets. In particular, XTA appeared to
have completed an ABC corrective high.
Please click on the links below to view the video clip:
As you can see from the chart below, this is exactly what happened.
XTA declined and then reversed precisely in the first projected profit
target.
For a more detailed look at this example, please
click here
Example 3: FTSE-100® Futures (UK stock market)
When Steve appeared on Wednesday March 19 2003, he used the software
to predict that the FTSE had made an important Wave (5) low on Mar 12,
and that the initial rally off this low was nearing an end. He
anticipated that once this initial rally was complete, traders
should be ready for an ABC corrective decline into a Wave (2orB) low.
To look for a potential long position to take advantage if the
FTSE made a Wave (3) or (C) rally following the completion of the anticipated
Wave (2orB) low.
Please click on the links below to view the video clip:
As you can see from the chart below, this is exactly what happened.
The FTSE made an ABC correction that stopped precisely at the Typical
Wave C WPT with a blue, buy trade set-up bar:
This was a ideal Type 1 trade set-up. The software prepared you
nearly two weeks in advance for this potential long trade.
For a more detailed look at this example, please
click here
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