The sharemarkets are where billions of dollars can be earned or lost daily. There is money for the taking by anyone who knows the way the sharemarkets flow, dive and rebound. As there is so much money to be lost or gained that millions of dollars have been spent on developing software to help investors see possible 'good bets'. The developing software focuses on two major data mining areas:

• Trend analysis
  
• Text based Media Coverage
  

Trend Analysis

This looks at the history of sharemarket prices and tries to match the current trends to known patterns. It works solely on numbers and when the share price strays away from the usual trends, it is often expected to return.

Text based Media Coverage

With an application that provides text based media coverage, it often has data from the media and the share price stretching back 10 years. Although this software type is not normally as smart, it allows the user to see what has happened in the past and its effect on the shareprice. When a similar item comes up in the media, the user can determine its most likely effects.

Summary

Most small time investors think that this technology is out of their reach, but often it can only cost $50 or more dollars for a low end package. The software will not point out the investment to take, but it can point out investments to look at and help your investigations.

If a sharemarket software package is really good, expect to pay dearly for it