Showing posts with label Market Forecast 10-14-10 update II. Show all posts
Showing posts with label Market Forecast 10-14-10 update II. Show all posts

Tuesday, October 19, 2010

Financial Market Forecast of 10-14-10 Follow Up

I commence with my gratitude to The Most Benevolent, The Ultimate All-Knower for the gift of knowledge and ability to share

In my post of 10-14, I forewarned and said; "Are the marketa having a reversal today?
Well, markets have extended their rally beyond the important time cycles of last week. They are over-extended rather on a borrowed time. We have a time cycle date ingress tomorrow. When the markets are overextended as they are right now then the time cycle can influence a day earlier as well due to the markets' vulnerability of prices."

I further added, "Double top doesn't have to be at exact same price levels, it could be a lower double top and in several important and intermediate to longterm tops were lower double top on the right side of the chart, for example NASDAQ Lower double top in late 2007 and Aug 2008. QQQQ is already reached the April 26th high (this date was forecasted by me also, before it occured). So, be prepared......"

(I was stopped out the NFLX trade at the open and remember GOOG post was sharing of my research, and you must print and keep that for long term investment and look for the another all-time high in the time frame indicated)
Let look at the charts, as picture tells the story better, sometimes.