GOLD & SILVER Market Forecast Follow Up - About Correction

All Gratitude and Praise eternally is entirely and exclusively for the All Knower, Who Has Blessed me with His Knowledge and giving me the ability to spread to His people

I have humbly warned you about these price levels on Gold. In my forecast posted on 02-07, I stated that price and time shall top here (on yesterday close of SPDR Gold - GLD). Gold is down over 1% today, with gap down.

Financial Markets Outlook -- Warned About Correction

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On 02-07, I posted this chart (see to the left here, click on the charts to enlarge), and warned about this price level to give resistance.

Yesterday, S & P SPDR, tested the level and closed within a penny. Financial Markets did not bother to test the price level again.

I am so humbled by The Almighty's Blessings, to honor me to have my forecasts stand correct.

Financial Markets opened with Gap Down, as the markets have reached this resistance level yesterday.

Financial Market Forecast Update

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I have previously stated the resistance level to look out for SPDR S&P-500 (SPY) (02-07 post, see the copy of chart posted on 02-07) . Please watch these levels, as Financial Markets may open with gap up, even if Markets don't open with gap, I expect them to test these levels and reverse. I shall be looking at hourly chart, to enter the short position.

GOLD & SILVER Market Forecast Follow Up

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Gold and Silver have retraced to the resistance levels, as indicated in my previous posts. I, therefore, foresee another corrective move. (click on the charts to enlarge)

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AAPL Weekly Chart - Square Update

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AAPL is following the Square lines, faithfully.

RIMM - ALERT

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RIMM is completing its Price and Time cycles symmetry. I shall looking to short the stock. I am looking at smaller time frame, such as hourly to enter the position.

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Current Market Outlook

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If Financial Market cannot make higher high than yesterday's, then it just re-enforces my prior bearish stance of the markets.

02- 07th Financial Market Forecast UPDATE

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I have humbly predicted on Sunday, 02-7th about a time cycle coming in, today. I, further, added that if we decline into this time cycle then, we shall have a very sharp rally. (see copy of it attached, click to enlarge)

 Then yesterday, when I saw the markets declining into the close of the day, I issued an ALERT on this site and to members of my private class/forum, to have the short positions closed. Because, I foresaw my forecast of Sharp Rally to be manifested the next day. (ALERT attached, click on it to enlarge). I hope someone heeded.

Thanks to The Almighty for His Blessings and Knowledge Today Markets are exhibiting the action as predicted.

Current Market Outlook ALERT!!!!

Thank You My Creator, My Sustainer, for the Knowledge and The Blessings!

I am closing my short positions, as it is riskier to be in shorts right now. I shall be looking for another entry after tomorrow.

02-07-10 Financial Markets Forecast

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As you are aware, that I maintain a very bearish outlook for the financial markets. Although, Stock Markets are bound to continue their journey of declining prices, one ought to keep in mind another perspective that markets do not go up or down in one straight wave, rather, in form of waves, consisting of smaller up and down swing waves. Therefore, there is likelihood that we might see a swing low at the Friday levels, into 2-3 days rally and then continue back down. Mind you that on 09th Feb, there is strong time cycle coming in. Which is highly correlated with reversals into the markets. So if we go up into it, we shall decline, or if we keep going down into said date and (the price levels, in my post herein and previous ones), we shall bounce back up.

PS. I prefer that we go up now into this time cycle and then we shall continue the FAST DECLINE. The OPPOSITE shall be true, if decline into this cycle, i.e., we shall see one of the fastest rallies.

I had previously humbly predicted that Financial Markets shall look for support, when SPY would reach to $104.67. At this moment, based upon Price and Time Cycles, I foresee a short rally, as potentially outlined in the chart attached herewith. Thereafter, price decline shall continue, as previously stated in my other posts. Please keep in mind my yearly outlook, presented at the dawn of the New Year.

I had not looked into the Dow Jones Industrials, thus far, with my Price and Time Squaring of Cycles analysis. But today, I have and I, therefore, have attached, a glimpse of DJI-30, as looked through the lens of Price/Time Squaring.

AAPL Weekly Chart - Square Update

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Please see the AAPL Chart, it has been obeying this chart beautifully.

GOLD Market Forecast Follow Up

All Praise eternally is entirely and exclusively for The All Knower

I have previously humbly predicted on 01-11 (and again reiterated on 02-04 ) price and time cycles zones, for Gold SPDR to find support. Thanks to The Almighty's Blessings, my forecast comes true again. GLD fell 9.96% from the Jan 11th high and discovered a secondary support, "exactly" on my time and price cycle cross. Now, I see a rather short rally into the next price and time cycle zone, as shown on the 2nd update chart of GLD. Please, also,  see my notes in Financial Markets forecast regarding a time cycle, which shall also affect the Commodities, especially Gold and Silver.