Gold Forecast of 8-16-11 Update

Gold Forecast of 8-16-11 Update

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Gold has reversed from the strong resistance $1,872 area, as previously predicted.

As a matter of fact all predicted price levels were the only levels which offered  resistance. (and support).

Gold was trading at $1785, when I said, that once it found its support there, it shall be eclipsing the recent highs of $1810 area and shall go higher. I had given out the price levels in another forecast.

Stock Markets - Time Cycle ALERT 8-18-11

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Stock Markets broke down today with a run away gap. This is the indication that we have second leg down starting, as stipulated in my post dated August 15th, . This break away gap down took place after the topping pattern being completed around the time cycle of 08/16-08/17, and at the failure of my suspicions about 1,200 level of S&P-500 that markets might fail in their rally attempt there. Which it did occur.

Now next turn in markets time cycle is on Monday 08/22, and next one is 08/25-08/26 (most probably on 08/26). Break below of the 08/09 low, shall create capitulation reaction in the market decline. If that occurs within these 2 time cycle dates, then we shall have another swing bottom being formed. Price levels are in my earlier post today.

Gold and Silver Markets' Forecast Update

Gold Forecast Update

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Gold commodity kept bouncing off support level ($1,785) stipulated by my previous post and it had rebounded sharply since then, as I had predicted.

Gold did start its move higher on the time cycle of 8/16 midnight.

Stock Markets Update 8-18-11

Stock Markets Update and
Forecast 8-18-11

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S&P-500 level of 1,200 being reached and coinciding it with the time cycle of 08-16/08-17 have proven to be fatal for the markets' recent rally.

Markets have confirmed the direction of the markets.Market has not only broken the support of the low of day on 08/16, but also very important support at the highs of three highly volatile days of 8/18-8/10, which attempted to market a near term bottom and started 850+ points rally of Dow Jones or 8+%.

When a market is unable to maintain the counter trend move beyond the 38.2% of the previous trend, then previous shall remain dominant and market shall continue to move in the direction of the previous trend. Once market break the low created in the said three volatile days, then it is heading much lower. Next SPY Targets for example are %107.8 and $104.20.

Stock Market Time Cycles 8-17-11

Market Analysis/forecast 8-17-11
S&P-500

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Markets have tried to trade above 1,200 level of S&P-500. But it keeps hitting the resistance. 8/16-8/17-11 is a time cycle turn window. The price resistance lies at 38.2 retracement level of 05/02 high to 08/09 low and it is also 50% retracement from break down from 1,300 level.
 Therefore, markets are under strong pressure to trade lower due the time cycle and price level. Market must not break the yesterday's low. Breaking the 08/16 low shall make lower low and thus it would change the current up trend into the change of trend, technically.

GOOG Forecast 8-16-11

GOOG Forecast 8-16-11

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GOOG has fallen hard, today, with over 3%+ decline. However it stopped its decline exactly today and made a low of the day at the 61.8% retracement of it recent run up from June low to July highs, then it bounced off its low of the day. Furthermore, 08/16 marked its 21 days of decline since its July 26th high. Therefore, time cycle and price are coinciding and GOOG must rise higher now. As long as market doesn't start correction. If another leg down starts then GOOG current up-move potential shall be invalid.

Gold and Silver Markets' Forecast Update

Gold Analysis and
Forecast 8-16-11

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Gold has been finding support, since it fell hard, after it hit my forecasted target f $1809 area. After it bounced off 1,720 area, it has recently traded at $1,785 area. $1,785 is a strong resistance area. Failure at this level shall push gold back to below $1,700 area.
As it is true for all resistances, once this area is cleared then, gold shall traded even higher and it shall eclipse recent highs with no problem and shall seek new higher prices. Which has been posted in my prior posts. Next  time cycle for potential change in trend is 08/16-08/17.

Stock Markets Update 8-16-11

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Markets have stopped at the S&P-500 strong resistance level of $1,200 (just to trick some stops, it peeped up 3.5+ points and then tumbled today. Natural Harmonic Numbers always offer strong resistance, especially when they align with the time cycle.

Markets have pulled back 23.6%-25%, a normal and preferable pull-back under a rally or up trend. SPY and QQQ both have retraced with such amounts.

Is that it? Are we done with pull-back and now shall resume the rally? Of course, the price action shall tell the tale. However, based upon the current analysis, it seems that way. and that is the minimum retracement and pull back, I was hoping to get, to give another steam of buying.

Stock Markets - ALERT

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Markets have climed higher today. However, We must watch out the 1,200 price level of S&P-500. It is very strong price level and it is also a Natural Harmonic Number, A resistance, here and failure to climb above this number decidedly, shall be "NOT GOOD" for the markets. It could result in starting another wave down...!

Please understand that due to the market volatility, we ought to have all options open. Although, it is natural, to have a pullback upon hitting a strong price level as resistacne, and once we are clear above the 1,200 after the pullback, then S&P is looking for the targets as posted i.e., 1,222-1,225, and 12,53-1,260 (updated later in 12.25 PM)

Stock Markets Forecast of 8-8-11 Update on 8-13-11

US Stock Market Long Term Outlook -
Bear Market 2011-2013

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Stock Markets decline have found resistance, thus creating a bottom, of recent sharp decline.
The severity of this decline has only two comparison in the recent history since last depression of 1930's. First was October 1987 decline and second of September 2008, and now we have August 2011 (Next such a sharp, even sharper, decline shall occur in the month of July 2012).

Markets current price behavior depicts that, US Markets have started a "GIANT" topping pattern. It is Head and Shoulder Pattern, spanned over the 14+ years. That shall mean if it materializes then, we shall have a devastating, countries destroying stock market decline in the future. That is the long term case scenario. There is small likelihood that markets might develop a expanding and yet a "topping" pattern, thus, attempting to eclipse the recent highs. However, as it seems, it is less likely.

Markets making a near term
bottom 8-12-11

Markets have expanded since 1987, in form of a 5 waves up trend, Where second wave started at the bottom of 1987, and culminating the 3rd wave at October 2007 top. 4th wave was the low March 2009, which was exact 61.8% retracement of all of the bull-run from a1987-2007 (a twenty year cycle).

Market shall have "very important swing" in March 2012 (most probably a bottom). Markets shall either go down into the November 2011 or even November 2012.

However, for now, Stock Markets have put in the near term bottom and it is perfect wave pattern bottoming process. Markets are potentially going up-to S&P-500, first level of resistance of 1,20-1,225 and then next target is 1,253-1,260. and Yes, World's stock market will be following suit.