HAPPY NEW YEAR

Thank you for all your support, encouragement.
I hope that I have been helpful in your trading career.
I am certain we all shall be more prosperous and abundant in 2010.
Have a Happy New Year.

Financial Markets Outlook -- Get Ready For Correction - UPDATE

As you know, one of my specialty tools is (certain) angles trend-lines. If you look at one of previously posted charts of SPY, you shall find this trend-line.

I believe, based upon this analysis (along with the other previously presented analysis), that Financial Markets have reached an intermediate resistance, thus an interim top

AAPL Weekly Chart - Square Update

AAPL Weekly Chart - Squaring Price and Time Cycles

I don't have to say anything, picture is saying. Please compare this chart with same charts posted in the past (also yesterday's post). How AAPL has been following the square faithfully (click on the charts to enlarge)

AAPL daily charts - Price and Time Squaring

Financial Markets Outlook -- Get Ready For Correction

Strong Time Cycles Coming on Dec 26-28

These strong cycles have consistently created the reversal in the trend of the markets in the past.

Furthermore, prices on the SP-500 and Dow Jones have flirting with 50% retracement levels from the 07-09 bear market move.

Do these strong time cycles trigger the price cycles currently facing resistance at current levels and thus a correction? Very likely!

For AAPL lovers, see the update below according to my squaring of the price and time cycles of AAPL

AAPL Update: