Current Market Outlook 02-17-10

Commence with gratitude to the Ultimate Knower for the Blessing and Knowledge!

Review and Recap of Just Some of the Last 30-days Forecasts:

On Jan 11th, I humbly forecasted that Financial Markets are ready for decline. I predicted a high for S & P-500 at the price of $1,152. S&P-500 made its high of the year within $2 of the forecasted high) on said date and has been trading below since then.

On the same date, I also re-iterated and posted a chart with the down target of $103.5-$104 for SPDR S&P. On the Feb 5th, SPY made a low of $104.58, within 58 pennies of the predicted price.

I, then, on Jan 27th issued my outlook and predicted the down targets and support prices for QQQQ and gave out the price level of $42.21. The low for the QQQQ on Feb 5th was $42.12 (who transposed the decimal numbers??, LOL).

Then on 02-07th, I showed a price and time juncture level for the Dow Jones to offer a resistance. It was achieved today.

Let's wait and see the results tomorrow.

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Dec 07, 2009 Chart Sock Markets Time Cycle Date

I had posted a chart on 12-07-09 @ 1.07 am. On that I alerted for time cycle coming on 12-09.
It did create a bounce today.

But my basic assumption stands about the market that I cannot any bullish comments, of Treasury, FED or Guru or Some Goldman Sachs Analyst, unless shown otherwise by stock market patterns and confirmed by stock markets Time and Price Cycles.

Current Stock Markets Outlook 12-08 - VERY OMINOUS

I am sorry for the delay. I had been feeling under the weather, and been overworking for last several days.
Thanks God!, att least I am GLAD that my Market Forecast came to bear. I hope some from you, would had heeded to my warning of not being fooled by any Bullish Comments or Bullish Gesture of the Market. It was Bull.... alright!!

Yesterday, in my Market Outlook, I noted,"Last night, I issued a forecast, and warned to beware of any false move. Why a move would be false? Whenever, Markets try to break a barrier, whether, as a resistance, or support, it must do with some exhibition of power. Power is manifested with the gap up or gap down or long bars with strong volume."

I further, stated that look for SOME SUPPORT at $110.07.

Markets broke down today. And it opend up @ $110.07 and sold off heavily. This forbodes very bad for the market.
Market exhibited power, but in gapping down, as I had anticipated. Therefore, Markets are heading lower, lower than current level

A Quick Stock Markets Forecast Made on 07-24-09 For S&P 500

I have made a stock market Forecast, without a great scrutiny, on July 24, regarding a price level and issued a forecast for a price resistance. That area created a consolidation for 9 trading days and then 20 points drop in S and P 500. That stock market forecast, saved you from staying long and protected the already gain in the long positions in the Stock Market and forecasted for an opportunity to go short the stock markets.

  results after the forecast