With my humblest gratitude to The Creator.
I had alerted you on October 11 posted around midnight, that "Get Ready For Big Rally" and ...... rally we had. Market jumped from 1,656 to today's high of 1,747. That is over 90 points or 5.4% and for NASDAQ, market has jumped for the it's last close on 10/09 was 3,677 and today's high of 3,931, i.e., over 250 points of NASAQ or almost 7% in eight trading days. That is called fast run. As matter of fact, markets experienced one of the biggest one day gain in the recent history, exactly on my market time cycle day of 10/10.
|Stock Market forecast 10-21-2013|
What is next? People are rightfully asking me. Believe me, I don't get upset, rather I am happy that you are looking up to me, just ordinary market forecaster, for help.
Market is going to be sideways and slogging along for next few days (it may retrace a bit, during this slog movement). And market shall tread along my geometric lane as shown on the attached chart herein and until 1,760 range.
Then it shall jump higher to my first price target of 1,801-1,818 area. My final target is still over hundred points away from that 1,800 target.
In my next follow up post, I shall give more detailed price and time targets. Until then, successful trading.