With my gratitude to The Creator, The Ultimate All-Knower
Markets participant did some more profit-taking by closing some positions, thus creating a rather brief period selling in the morning. However, markets is poised to go higher, contingent upon the conditions laid out in these charts and previously published in my yesterday's and prior posts.
Showing posts with label Market Forecast 11-17-10 Update. Show all posts
Showing posts with label Market Forecast 11-17-10 Update. Show all posts
Friday, November 19, 2010
Thursday, November 18, 2010
Market Forecast 11-17-10 UPDATE - Update
With my gratitude to The Creator, The Ultimate All-Knower
I was asked by few here and some via forums of professional traders and hedge fund managers that why I had an opinion of being short on 11/16 and then reversing my opinion on 11/17. (click on the charts to enlarge)
First of all, I am a trader, not an Investor. As I believe, though, it requires more of work, but trading, pays better rewards and helps fatten the investment portfolio at much faster pace. That is what Hedge Funds do right now!!, Trading, daily or swing.
When market fell on Friday the 11/12th and then on my forecasted up-day for Monday 11/15th, the up-day (where 90 points DJI rally) faded into the EOD, I had changed my outlook and looking-out for market changing its pulse. When it broke below the 1,188, it was sign that market has broken the up-trend (for now that day, at least). However, the enormity of the drop on Tuesday, which has been preceded by the consistent step down drop, since my another forecasted reversal day of 11/05, demanded a strong bounce. On Tuesday night, I went back to my research table and created the chart for you, which revealed one of my proprietary researches that length of rally in 54-55 periods is followed by 7-8 periods of correction. Market doesn't break rules, .... it follows.
Therefore, my technical indicators pointing market higher, alongside the time cycle of 11/18 aligning up with the decline prior to this previously predicted time cycle of 11/18....... Now Market Must reverse, and it did, as I predicted (Thanks to The Almighty for blessing with the knowledge and ability to share). Mind you that market was not upbeat on Wednesday 11/17, although, it did create double bottom in some and in other markets, it created higher low, as I had forecasted.
I was asked by few here and some via forums of professional traders and hedge fund managers that why I had an opinion of being short on 11/16 and then reversing my opinion on 11/17. (click on the charts to enlarge)
First of all, I am a trader, not an Investor. As I believe, though, it requires more of work, but trading, pays better rewards and helps fatten the investment portfolio at much faster pace. That is what Hedge Funds do right now!!, Trading, daily or swing.
When market fell on Friday the 11/12th and then on my forecasted up-day for Monday 11/15th, the up-day (where 90 points DJI rally) faded into the EOD, I had changed my outlook and looking-out for market changing its pulse. When it broke below the 1,188, it was sign that market has broken the up-trend (for now that day, at least). However, the enormity of the drop on Tuesday, which has been preceded by the consistent step down drop, since my another forecasted reversal day of 11/05, demanded a strong bounce. On Tuesday night, I went back to my research table and created the chart for you, which revealed one of my proprietary researches that length of rally in 54-55 periods is followed by 7-8 periods of correction. Market doesn't break rules, .... it follows.
Therefore, my technical indicators pointing market higher, alongside the time cycle of 11/18 aligning up with the decline prior to this previously predicted time cycle of 11/18....... Now Market Must reverse, and it did, as I predicted (Thanks to The Almighty for blessing with the knowledge and ability to share). Mind you that market was not upbeat on Wednesday 11/17, although, it did create double bottom in some and in other markets, it created higher low, as I had forecasted.
Market Forecast 11-17-10 UPDATE
With my humblest gratitude to The Ultimate All-Knower, Who Blesses me with The Knowledge.
Yesterday, I had alerted before the market open, that 11/17 was pivot for reversal day.
Markets were zig zagging all day. Even Investor's Business Daily had no clue what was about to happen, thereafter 11/17.
Yesterday, I had alerted before the market open, that 11/17 was pivot for reversal day.
Thanks to The Creator, I had already forewarned and Those who had heeded to my forecast, had heaped the big rewards today.
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