Financial Market Forecast of 10-14-10 Follow Up

I commence with my humblest gratitude to The CREATOR The Most Benevolent The All-Knower

Yesterday someone left a comment in response to my yesterday's forecast that I forecasted on September 30th for the correction and it did not occur, the poor chap did not look at the chart that we'd 3 days of correction from 9/30th. I am aware and appreciate the fact that there'll be some misses, but not that one. If one does not know how to trade the forecast, don't blame on the one who brought you the forewarning.

Today was the day of CIT. And Today, Gold dropped $25 from $1,388 to low of $1,263 and Dow Jones Industrials dropped 130 points and it started dropping right from the open. Time Cycle is what matters the most in the financial markets and this is my speciality and or special interest.
And gratitude is due only to The Most Magnificent for blessing the knowledge and ability to share.

Financial Markets Update 10-14

I commence with my humblest gratitude to The Ultimate All-Knower

Are the marketa having a reversal today?
Well, markets have extended their rally beyond the important time cycles of last week. They are over-extended rather on a borrowed time. We have a time cycle date ingress tomorrow. When the markets are overextended as they are right now then the time cycle can influence a day earlier as well due to the markets' vulnerability of prices.
We are looking for an engulfing reversal bar or some kind of doji, preferably a hanging man, hammer or inverted hammer in the market prices to confirm my forecasted time cycle reversal due tomorrow. Moreover, we are just shot away from double top of many markets. Double top doesn't have to be at exact same price levels, it could be a lower double top and in several important and intermediate to longterm tops were lower double top on the right side of the chart, for example NASDAQ Lower double top in late 2007 and Aug 2008. QQQQ is already reached the April 26th high (this date was forecasted by me also, before it occured). So, be prepared......

Financial Markets Forecasts Update

I begin with my humblest gratitude to My Creator, The Most Gracious for the blessing of knowledge and then bestowing the ability to share

I was just walking in the garden of my (new) residence, while gardner was working in it and when I saw him trimming at the top of privacy hedges, a picture of the markets flashed in those hedges and a flash of memory came.

Do you remember my analaysis and forecast at the beginning of the year? I forecasted that year 2010 shall be like year 2004, i.e., it would a year of no return, if you are a longterm investor. We would experience a double top in the later part of the year, with the high at the dawn of the year. See the picture, I posted at the dawn of Year 2010. Click on the chart to see the prediction and click on the link to visit the older post.

Financial Market Update

I commence with my humblest gratitude to The All-Knower, The One Who Is The Greatest

Trading with the frame of mind of "Expect the Unexpected", always been helpful to make me a successful trader, whenever I had the pleasure and blessings of being so, the opposite has been true in the cases, when I wasn't and had the ego of not accepting the Unexpected.

The time and price cycles were in place and could only create the congestion and sideways price move within markets (which lasted in some markets for about a week), thus creating an inversion of the cycles.

If the markets continue to go higher (which seems likely), we may continue this trend into next of my time cycles turn date of 10/15/10, then beyond that I have 11/6, 11/11, 11/18, which coincides with spiral date of 11/19.

I still don't have the luxury of internet at my home-office, it's scheduled for 10/15. Therefore, I can't do any in-depth analysis or charting. (iPhone is very handy for situation like these)

Financial Markets Forecast 10-10-10

I commence with my humblest gratitude to The Most Benevolent

In the new home, along with settling after the new move, which includes unpacking, there are always challenges of getting utilities set up. Thus far, minor complication or delays have arisen in the installation of Internet and landline (telephone). Regardless of all the process of move, I'm highly indebted to My Creator for His Countless Blessings.

iPhone comes handy at these time. I'm posting it with my iPhone.

Markets, though, seem to show resilience. Nevertheless, a reversal is over due. There is a discovery that I made, which I name NHN (Natural Harmonic Number). According to one of its aspects, reversal is due also. For example all the major indices are battling with the resistance offered by the DJI's 11,000, NASDAQ's 2,400 and S&P's 1,162, 1,166, 1,168.
Therefore, time cycles, price cycles, and cycles of NHN, all are calling for a reversal.