I commence with my gratitude to The Creator
US Stock markets have dropped despite the big rally (1.5% to 2.2%) in the Asian Markets. If you watching Asian Markets and then European Markets (up-to 1.75% higher) overnight, then you would have doubted my forecast of further decline to come. But it happened again according to my forecast. Thanks only to Dear Almighty for The Blessings of insight.
If you remember, in one of my time cycle forecasts, I have indicated a time cycle ingress on the weekend (06/24 to 06/27). If the market does not reverse during this time cycle (Monday the latest) then the decline shall continue until July 4th weekend. If market continue to drop from Monday, it shall be quick and sever one!!
Look for the price targets in my previous posts.
Friday, June 24, 2011
Thursday, June 23, 2011
My Humblest Gratitude To You
I commence with my gratitude to The CreatorBut I must pay my humblest gratitude to All of You for your Consistent Support. Thank you. (click on the picture to enlarge)
Stock Market UPDATE - 6-23-11
I commence with my gratitude to The All-Knower
Selling every rally, whether a multi-days swing or intra-day high, is THE ONLY PRUDENT TRADER strategy.
Selling shall continue, it is just the beginning of second leg down!! (stops are just above the high of 06-21 or 6-22, if the market turns around)
Selling every rally, whether a multi-days swing or intra-day high, is THE ONLY PRUDENT TRADER strategy.
Selling shall continue, it is just the beginning of second leg down!! (stops are just above the high of 06-21 or 6-22, if the market turns around)
Markets Act in Predictable Manner - Stay Tuned for An Important Update -- UPDATE
I commence with my gratitude to The Creator, The One Who Is Al-KnowerWhen you let The God and Universe let answer for you, then you don't need to.
Skeptics, today were answered by the Market's Action.Yesterday, I had issued an alert for an important update.
I had alerted my subscribers to go short Crude, Gold/Silver, Stock Markets Yesterday!!
Sell off is across the board throughout the world and all markets, including Metals and Crude Oil and it is to Continue
Wednesday, June 22, 2011
Financial Market Time Cycles Update
I commence with my gratitude to The Creator
I am analyzing the Dow Jones Transportation, for a reason. It has been like a trend leader, not a laggard, like QQQ or NASDAQ.
A reader complained that I predicted a swing low on 06/13, and then I reversed my position. If someone looks at my posts without a BIAS, then he/she would know that I am trader, not an investor, and my God-Bestowed-Gift (not my talent, but It Is A Blessings of The Creator He Can Turn that gift off, any time, When He Wishes to do so) is picking the lows and highs for maximum probability of profitability with the least risk (closer stops). As you shall see that 06/13 was "the low" for DJ-20 (see attached chart and same is true for Russell 2K). However, S&P-500 and other indices especially NASDAQ really had last strong shake-up and sell-off after 06/13. Thus was my alert issued on 06/14 to go short again, until I reversed my short position on 06/16. I have certain pre-requisite to qualify for change in the trend and price has to act in certain fashion to confirm the change in trend. Mind you that 06/16 was a swing low. However, Stock markets did perform a retest of that swing low (and most market leader did make a lower low even) after 06/16.
Now coming back to today's (and yesterday analysis)!
DJ Transportation, just made inverted hammer @ 61.8% retracement from 5/2 high and 70.70% retracement from 5/19 high. Not only it got rejected at 50-days MA, but also its momentum has risen beyond previous crests' levels, thus creating a divergence. (BTW 6/13 was a turn date on this index)
Russell 2K, just made inverted hammer @ 38.2% retracement from 5/2 high and 50% retracement from 5/31 high and 21-days MA rejected the index (BTW 6/13 was a turn date, but 6/16 retested and become double bottom)
Nothing needs to be added to my previous post (click red link to read), pertaining to (DJI and) S&P 500, as it dropped exactly from yesterday highs (again a price level indicated by me). Nasdaq Composite went within 6 points of my indicated resistance of 2,700 and sold off today. I expected the rally to last 3-5 trading days, thus a turn date of 06/24, matching with my CIT turn. However, if we consider a low from 06/16, then rally has lasted for 4 days or (5days, if we take the high of today as swing high) or 7 trading days, if we consider 06/13 as swing low. Mean of both swing lows (13th or 16th) is (4+7)/2=5.2 days.
Has the pre-condition of rally within a downtrend been satisfied? Probably astounding, yes. However, I will prefer the tomorrow price action to confirm it, too.
Remember we are in down trend. and stock markets always experience relief rallies.
YES, the prudent strategy was being in cash yesterday at EOD, ... My biased reader! :-).
On this link I have assembled all of my forecasts starting 04/25/11, which had fore-warned the (serious and sincere) readers of my FREE blog-site, for impending change-in-trend of the markets. Click the link here
What does this analysis mean to you : There is highest probability that we have swing high put in and another leg down about to start. Unless the market Gaps above the today's highs, and stays and trades above and closes above the today's high.
I am analyzing the Dow Jones Transportation, for a reason. It has been like a trend leader, not a laggard, like QQQ or NASDAQ.
A reader complained that I predicted a swing low on 06/13, and then I reversed my position. If someone looks at my posts without a BIAS, then he/she would know that I am trader, not an investor, and my God-Bestowed-Gift (not my talent, but It Is A Blessings of The Creator He Can Turn that gift off, any time, When He Wishes to do so) is picking the lows and highs for maximum probability of profitability with the least risk (closer stops). As you shall see that 06/13 was "the low" for DJ-20 (see attached chart and same is true for Russell 2K). However, S&P-500 and other indices especially NASDAQ really had last strong shake-up and sell-off after 06/13. Thus was my alert issued on 06/14 to go short again, until I reversed my short position on 06/16. I have certain pre-requisite to qualify for change in the trend and price has to act in certain fashion to confirm the change in trend. Mind you that 06/16 was a swing low. However, Stock markets did perform a retest of that swing low (and most market leader did make a lower low even) after 06/16.
Now coming back to today's (and yesterday analysis)!
DJ Transportation, just made inverted hammer @ 61.8% retracement from 5/2 high and 70.70% retracement from 5/19 high. Not only it got rejected at 50-days MA, but also its momentum has risen beyond previous crests' levels, thus creating a divergence. (BTW 6/13 was a turn date on this index)
Russell 2K, just made inverted hammer @ 38.2% retracement from 5/2 high and 50% retracement from 5/31 high and 21-days MA rejected the index (BTW 6/13 was a turn date, but 6/16 retested and become double bottom)
Nothing needs to be added to my previous post (click red link to read), pertaining to (DJI and) S&P 500, as it dropped exactly from yesterday highs (again a price level indicated by me). Nasdaq Composite went within 6 points of my indicated resistance of 2,700 and sold off today. I expected the rally to last 3-5 trading days, thus a turn date of 06/24, matching with my CIT turn. However, if we consider a low from 06/16, then rally has lasted for 4 days or (5days, if we take the high of today as swing high) or 7 trading days, if we consider 06/13 as swing low. Mean of both swing lows (13th or 16th) is (4+7)/2=5.2 days.Has the pre-condition of rally within a downtrend been satisfied? Probably astounding, yes. However, I will prefer the tomorrow price action to confirm it, too.
Remember we are in down trend. and stock markets always experience relief rallies.
YES, the prudent strategy was being in cash yesterday at EOD, ... My biased reader! :-).
On this link I have assembled all of my forecasts starting 04/25/11, which had fore-warned the (serious and sincere) readers of my FREE blog-site, for impending change-in-trend of the markets. Click the link here
What does this analysis mean to you : There is highest probability that we have swing high put in and another leg down about to start. Unless the market Gaps above the today's highs, and stays and trades above and closes above the today's high.
Markets Act in Predictable Manner - Stay Tuned for An Important Update This Evening!
I commence with my gratitude to The All Knowre
Stay Tuned for An Important Update This Evening!
Stay Tuned for An Important Update This Evening!
Stock Markets Update
I commence with my gratitude to The Creator
As suspected by me, that markets would be down early this morning. That's why I went into cash at the end of the trading da, yesterday.
As suspected by me, that markets would be down early this morning. That's why I went into cash at the end of the trading da, yesterday.
Tuesday, June 21, 2011
I'm on Twitter
I commence with my gratitude to The Creator
I'm on twitter. See the link to right (1_trader)
I'm on twitter. See the link to right (1_trader)
Stock Markets Update 6-21-11
I commence with my gratitude to The One Who Is All-Knower
Markets stopped today at very important price junctures, (Please review my last posts).
QQQ is at the gap down level of last week (6/15/) and SPY is at the 6/14 closing prices, before gap down of 6/15.
If I were to be asked about tomorrow price action. I would be in cash today at the close of the market. Market must GAP UP, otherwise, markets shall pull back tomorrow.
Markets stopped today at very important price junctures, (Please review my last posts).
QQQ is at the gap down level of last week (6/15/) and SPY is at the 6/14 closing prices, before gap down of 6/15.
If I were to be asked about tomorrow price action. I would be in cash today at the close of the market. Market must GAP UP, otherwise, markets shall pull back tomorrow.
My Forecast of 06-16-11 Update
I commence with my gratitude to The Creator, The One Who is All-KnowerI said on my 06-16-11 post, the following," buckle up, this rally is going to be strong one!" I also said that," I think we may have rally starting from tomorrow. I was looking at my geometrical time cycle generator, it has a turn date on 06/20/11. It did not have the turn date on 06/13/11 :-)"
Markets have galloped higher since then (some indices after retesting the lows on Friday 06-17-11). S&P has risen 30points or 2.36+%, Nasdaq Composite 60 points or 2.28+%, Russell 2K 2.95+%, Dow Jones Industrial 250+ points or 2.07+%.
Stock Markets Update 6-21-11
I commence with my gratitude to The All-Knower
The Standard & Poor’s 500 Index had subsisted its first test of the 200-day moving average.Is the current upturn sustainable now?
Noteworthy struggle holds at the April low of 1,294, a level that’s restricted the index for two weeks.
Meanwhile, the Dow industrials’ near-term outlook is similar. it’s blasted the resistance at the April low of 12,093. This becomes the area now for first support.
SPX Support holds around 1,279, and below that, a more important floor at the 200-day, currently 1,260.
Nasdaq Composite, Nonetheless, has broken back above its 200-day moving average in T0day’s early price action, and this area has become first support and is followed by another minor floor at 2,685.
With a corrective rally underway, resistance in the 2,700 area marks the Nasdaq’s next major technical hurdle.
Monday, June 20, 2011
GOOG FORECAST 6-19-11
I commence with my gratitude to The All-Knower
I had predicted a little time ago about then impending decline in GOOG Prices, which did occur. Please review my previuos GOOG. on 6-17, GOOG reached my target for price of $485. Therefore, look for GOOG to rebound higher from the Friday's low.
I had predicted a little time ago about then impending decline in GOOG Prices, which did occur. Please review my previuos GOOG. on 6-17, GOOG reached my target for price of $485. Therefore, look for GOOG to rebound higher from the Friday's low.
Sunday, June 19, 2011
Stock Markets Forecast 6-18-11
I commence with my gratitude to The All-Knower
Markets have fallen last week as predicted. However, in the last 3 days, when the markets were ready to fall hard, instead, they reversed sharply, after making a lower low by undercutting the Wednesday's low of SPX 1,261.8. As a matter of fact, all indices closed higher on Friday 06/17/11, after falling on day prior or even on Friday, except Tech. stock index Nasdaq Composite. DJ-Transportation, had a very strong bullish close on Friday. This all happening within the time cycle of reversal or change in trend (though temporary). I believe that market shall reverse (as stated in my previous forecasts within last couple of days) and go higher into 06/24 to 06/27.
If the markets do not rally NOW, as estimated by me, than it is very ominous for the markets and stock markets shall fall very hard into this next time cycle of 06/24-06/27.
Markets have fallen last week as predicted. However, in the last 3 days, when the markets were ready to fall hard, instead, they reversed sharply, after making a lower low by undercutting the Wednesday's low of SPX 1,261.8. As a matter of fact, all indices closed higher on Friday 06/17/11, after falling on day prior or even on Friday, except Tech. stock index Nasdaq Composite. DJ-Transportation, had a very strong bullish close on Friday. This all happening within the time cycle of reversal or change in trend (though temporary). I believe that market shall reverse (as stated in my previous forecasts within last couple of days) and go higher into 06/24 to 06/27.
If the markets do not rally NOW, as estimated by me, than it is very ominous for the markets and stock markets shall fall very hard into this next time cycle of 06/24-06/27.
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