Stock Market Forecast 03-21-12 UPDATE

I commence with my gratitude to The All-Knower

03/13/2012 Dow Jones
Forecast Update 

I had posted a forecast on 03/13, three days prior to the DowJones Industrial put in the high and stated  the following, "if markets recover the price levels lost at the previous time cycle of Febraury 29 and stay above that, then markets shall continue to rise until March 16th and possibly the middle of next week around March 20"

03/13/2012 Dow Jones
Forecast Update

Just like my forecast on 02/29, which called 02/29th swing high, even though, markets gapped up and opened higher, I had published this forecast on 03/13 and predicted that Market shall find a turning point on 03/16. Dow Jones Industrial put in the high on said date and since then it had been declining. S&P500 made its high on 03/19 and date of reversal on 03/20, it finds its prices being pushed down.
Dow Jones has lost over 200 points since the 03/16, a slow grudging decline. Dow Jones has another 150+ points drop, before, it decides its future trend. 

Stock Market Forecast 3-21-12

Stock Market Forecast 03-21-12

I commence with my gratitude to The Creator

Stock Markets have been struggling to go higher since 03-16 and currently we are in the middle of time band of the time cycle for the reversal (03-16 thru 03-23).

I think that stock markets are going to have fast correction now, starting as early as 03/21/12.

AAPL Price/Time Cycle Squaring Complete - Alert for Fast Correction

AAPL Forecast 03-21-12

I commence wiht my gratitude to The All-Knower

AAPL has completed its price and time cycle squaring. and AAPL shall have fast and quick correction as much as $70-$120. BC leg from 09/20-03/04, has been expanded by 361.8 (361.8 ab = cd) and ab wave from June 20 to September 20, has been extended by 223.6 of AB (223.6 AB = CD) to the current price levels. Moreover, 113 trading days have completed since 10/17 high, 121 trading days from the 10/04 low and 117 calendar days from 11/25 low. Thus completing time cycle series. We have Correction for AAPL already started from 03/21/12

Gold and Silver Forecast 03-21

I commence with my gratitude to The All-Knower

On the right here, is a copy of the forecast from few weeks ago. Just today, I published an update for subscribers. See the excerpts from it and the current week forecast and It gives a longer term perspective of the gold and silver (thus of all precious metals.)

Hourly Chart Trade:

Gold has been rejected at the $ 1,662-$1,667 area

Break of $1,645 area shall trigger a sell off to $1,616 area

Break of $31.68 shall trigger a sell off

and then Silver shall be targeting for $29.90 area

Gold Daily Chart Analysis:

• Daily "Chart" tells a tale of short trade, which was triggered on the 03/01 or then on 03/09 and still in tact.
• Gold has broken below the 200 moving average at $1,675-$1,679 area. Was gold move and break below 200 MA a false move? I doesn't seem that way. (Be careful for Mercury trickster period). Unless gold is in 4th complex wave and wants to make one last hurrah up.
• My proprietary and favorite trend setter "cross over" is still down and has not crossed over to the upside. But I ought to be cautious about the divergence that has started on the indicators

Gold Weekly Chart for better perspective:

TWO Things to Note on This Chart of Weekly Gold

1. Gold has broken below the red trend-line. Gold must stay below until it test the yellow trend-line for support at the level of $1,598 area

2. Momentum indicator is apporaching a level of reversal and that could coincide with the $1,598-$1,600 level area. see the attached chart iv

3. I potentially see a H&S which could be bullish and confirmation of Wave 4 being in process.

NEXT TIME CYCLE

03/22/2012 AM is a time cycle.