NDX Forecast, LLC has confirmed that a major market reversal has been underway since the first quarter of this year. Their accurate and consistent forecasting since 1995 indicates that broad market declines will continue following the November election. The NASDAQ-100 is seen falling more than 30% by March of 2005. Forecast details and free reversal signals are available on the NDX Forecast website at http://www.ndxforecast.com .
New York (PRWEB) September 28, 2004 -— NDX Forecast, LLC announces that, according to its forecast model, the broad market indices are in the beginning stages of a major market reversal. The companys model has accurately forecast major market reversals since 1995 and is forecasting that the NASDAQ-100 Index will fall below 1,000 by March of 2005. From current levels, that is an approximate loss of 30% within a 6-month period.
NDX Forecast, LLC is unique in the market forecasting arena because it projects broad market direction and major turning points two years in advance. Developer and founder Gary D. Geddie believes his companys extremely accurate two-year forecast model is the only one in existence with such a high degree of precision, and that it will provide corporate planners with a useful tool. We are opening up our current reversal signal to the investment and business community to provide greater awareness of this forecasting resource," said Mr. Geddie.
The genesis of NDX Forecast evolved as Mr. Geddie researched various options for investing the gains he realized from selling the software development company he co-founded in the early 1980s. He served as president and board director with the Inc. 500 corporation, and was also the primary software developer in the companys early years. He did not find investing tools that met his needs so began his own research. I combined my business experience, statistical knowledge, and software development skills and began creating software that could forecast trends further into the future," said Mr. Geddie. Like most discoveries, it took years of persistent trial and error research, but an algorithm eventually evolved that met my objective."
Contact Information
Gary D. Geddie
NDX FORECAST, LLC
http://www.ndxforecast.com/
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