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

DJI SP500 FTSE STI BSE SZCI 0.671 0.707 0.678 0.698 0.612 0.747 0.581 0.599 0.588 0.564 0.692 0.496 0.631 0.657 0.637 0.638 0.648 0.637 270.697 300.586 91.954 84.546 86.514 63.584 value 0.001 0.001 0.001 0.001 0.001 0.001