Quinny wrote:I've worked out the best way to prove the ETP wrong would be for me to use it to predict next years PO.com price challenge.
Been there, done that.
Last year, I finished fifth. This year, I took a hit, and I'm now 11th. I thought that the price was going to spike after summer (around 55$) and then go back to 40$ at the end of the year. I was basically presuming a similar, though less-drastic, pattern to play out this year compared to last year's evolution.
To be honest, forum users were given the opportunity of changing our previous forecast after the dramatic and massive oil slump at the beginning of the year. I didn't do it, because I didn't want to. I am trying to use the ETP model in a honest way to participate in this game.
For next Year's game, I suppose that I would say HIGH between 50-55$, LOW between 30-35$, Average 40$ and Close 35-40$ as well.
I wish I would be the last!