Table 8: Forecast of the directions of trend and its test.

DJISP500FTSESTIBSESZCI

0.6710.7070.6780.6980.6120.747
0.5810.5990.5880.5640.6920.496
0.6310.6570.6370.6380.6480.637
270.697300.58691.95484.54686.51463.584
value 0.001 0.001 0.001 0.001 0.001 0.001