Stock Markets Update 9-28-11

Stock Market Forecast 9-29-11
S&P-500 Chart

I commence with my gratitude to The Creator

Stock Markets have come hard, even in the face of the good news, from Europe and US job market. This is what time cycles are supposed to do. Time cycles create the swing, the change in the trend of the markets.

Stock Market Forecast 9-29-11,
NASDAQ-100

Nevertheless, Stock markets are at very peculiar juncture. Although, stock markets seem to have found support, which they must not violate, in order to start the rally and another leg up. However, one thing ought not to be neglected. There are couple of chart patterns being developed on the daily basis, which portend a potential for failure of support. But, the chart patterns have been known to fail, too. Is this that event, when they would not manifest? Only time will tell, however, based upon time cycle, it is more likely that markets shall find reason to rally.

On the other hand, we know what will happen if the current support levels fail, we shall see a water fall, quick and sharp decline. Why, because, when market does, what was not expected of  it, everyone runs for cover and of course, sell in a rush, thus creating a sharper and faster declines of the prices.


For S&P-500, the 1,015 area would be first target, if market fail to keep the current support.

PS. Lately, I have not been feeling very well, therefore, that is why, you have been seeing lighter side of my publishing until, I get better. (please keep in your good wishes)

Stock Markets Update - ALERT

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I think, stock markets have done, what I have been anticipating, a retest of lows of 09/22.

I think it was a successful retest, which held the lows of 09/22. This retest was done by different indices. One was NASDAQ Composite and Russell 2000 Index, among others.

I'll post the charts later to illustrate.

Stock Markets Update

I commence with my gratitude to The Creator

I have been asked questions about my most recent post. I think, I might have not been clear enough.

What I stated was that, I expect a CIT on 09/27 (or 09/28 the latest) which will cause the stock market to retest the recent lows. I think we already had started the CIT on 09/27 in the afternoon. That retest, is very likely to happen sooner than most think. 

Important Price Levels to Watch: The Most recent low (on 09/22), of Dow Jones Industrial and S&P-500. 

Once These lows are not violated and they kept their support, then we shall experience a rally, which shall last several weeks, at least 4 weeks. 

However, if these lows give in then the BOTTOM shall fall off and Markets shall dive into downward spiral, sharply and very fast.

Stock Markets Forecast 9-26-11

I commence with my gratitude to The Creator

Markets are in the process of finding the bottom of recent swing and potentially a rally of several weeks, to commence shortly.

There are two time cycles coming in on consecutively 09/27 and 09/28. Thus, these dates are going to be very sensitive days for the financial markets as a whole. We shall have very volatile days within next 2-4 days.

I foresee one of these two dates (most probably, 09/28) the swing CIT date. That means that we shall have a retest of the 09/22-09/23 lows and then a sharp rally.

Stock Market Forecast of 09/23 Update

Market Forecast 9/23 Update Europe

I commence with my gratitude to The Creator

On morning hours of the 09/23, my forecast stated the following, "Stock markets are dropping into the time cycle. .... That would mean a swing low, being today or maximum by Monday."

Market Forecast of 9/23 Update US

Well, on 09/23, markets were able to eke out small gains. However, today, markets have rallied sharply

Once again , forecast comes to bear. Thanks Almighty!

Gold and Silver Forecast Update

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On September 14th, Forecast, stated the following,

"important support at $1,818, It has tested this level several times, within last few days. That support finally gave in. Failure at this level portends, the bigger decline at least $210 from the current level (up-to $1575 level), I have talking about in some of my previous posts. First support after $1,795 (another very important area of support) gives in, shall be at $1,707 area, before it goes down to $1,575 area/ Silver shall follow the leader, the gold."

Today earlier, Gold hit below the $1575, important level, to take out stops and then rallied hard as much as $80 from the lows of the day.

Gold and Silver Forecast Update

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I had alert the subscribers to the trading alert service to stay short on both metals, even, after the silver hit the 7 months low.

Well, both precious metals, are not as precoius since 09/23, as they continued the decline. Silver has hit as low as $28.

Any question about the quality of forecast?

(For inquiries, please send an email to Trade.N.Harmony@gmail.com).