[MadMarketScientist]

We just finished version 1.0 of this contest and we'll have three lucky winners of Amazon Gift Cards (top value: $500!) -- predicting the year end closes of the INDU, SPX and COMPX.

So let's do it again. Starting right now predict the closing prices of the Down Jones (INDU), S&P 500 (SPX) and the Nasdaq Composite (COMPX) at the end of the first quarter -- March, 31st 2011.

You simply reply to this thread with your predictions and if you feel like it tells us about the tea leaves or psychic powers you used to come up with your numbers, or maybe actual financial analysis (guess).....

This is Contest #1.

The Contest #2 for the ultimate Market Grand Wizard is to predict the exact same indices closing prices -- but this time at December 31st, 2011. End of the year.

You can enter one or both - just clarify in your forum reply which your numbers are for. Quarter end or year end.

How about prizes you say?

Contest #1 - Quarterly Close
First Prize: $250 Amazon.com Gift Card
Second Prize: $100 Amazon.com Gift Card
Third Prize: $50 Amazon.com Gift Card

Contest #2 - Yearly Close
First Prize: $1,000 Amazon.com Gift Card

This one it's all about being #1 -- so it's one mega grand prize.

There are a few catches.

Catch #1: We must have at least 30 entries for the quarterly contest. So get your TL buddies or other trading friends to post their submissions here. We have to have at least 30 and the contest is a go. And, the deadline to submit for the quarterly contest is Tuesday, January 11th.

Catch #2: For the Annual contest we need at least 50 entries -- and those are due no later than January 31st.

Catch #3: The winner will be determined by the suggestions of fell TL member Blowfish, by taking the closing price in each index, calculating the difference between your prediction and the close and then adding those up. The person with the lowest number(s) wins it. This way you are rewarded for being accurate across the board.


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!!!)

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. Remember we need enough entrants for us to just give away all that dough.

Ready, set, predict!

MMS

[SIUYA]

For both the end of the Quarter and the end of the year
SPX 1260
COMPX 2265
INDU 11570

Basically the prices as at the end of the year 2010 as I have no method of predicting future prices.
thanks.

[thalestrader]

I'll have my quarterly guess ready by the 11th, and my guess for the year end ready by the end of the month. I sure hope we manage to get the required number of participants - after all, this is essentially a "risk-free trade" ... and since the market won't give us one, we may as well take advantage of MMS's generosity when he sends one our way!

Best Wishes,

Thales

[thalestrader]

Hi Folks,

There are only three more days to get in your guesses for the quarterly Guess the Close. I would hope we could come up with the 30 participants on a Trading forum with hundreds of unique visitors everyday so that we can make a go of the contest.

Here is my guess for the quarterly, March 31, 2011 Guess the Close:

SPX: 1313.25
INDU: 12036.24
COMPX: 2862.51

My guess for the 2011 Year End Guess the Close will be in by January 31, 2011.

Best Wishes,

Thales

[MadMarketScientist]

We've got a long way to go! Remind people in other threads to get their predictions in -- it's about the best odds around to win something!

MMS

[Cory2679]

I'm in...but my entry will be in Tuesday.

I'm shocked at the lack of participation thus far! A risk-free trade on a trading website!

Maybe everyone here is just so rich that it's not worth the few seconds of their time to enter a guess...

I would have thought there would be more participation that this even if there wasn't a prize...just for the fun of the competition...

[snowbird]

For Mar 31st

SPX 1201
COMPX 2505
INDU 11997

Two days and only 27 more people to go!

snowbird

[StevenSJC]

Here's my guesstimate for the quarterly close:

Dow 12,492
SPX 1,361
NDX 2,892

Remain bullish at this time. I think this will be a solid year overall not without its hiccups but what year isn't. So, I have to assume we'll still have some momentum left for a push up sometime Q1.