Thursday, August 26, 2010

Current Market Outlook 08-25-10

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower

Markets found some support yesterday and today at the price level, watched by many and with lots of stops below it, which in return caused the buying at the said level. We may a rally up-to the levels as indicated on the charts. However, based upon the price/time cycles, markets are not done with the current leg of decline, and each rally shall be met with selling.

5 comments:

luc said...

thank you very much !

J. Powell said...

Sire, You are generous and Blessed

Susan A. said...

Excellent forecasting

Mark S said...

thanks, would you be so kind as to post a price-time target for the SPX's next bottom/support level please?

Anonymous said...

Excellent call Mr.Syed.
I saw the market go up this morning but after reading your blog I was as cool as a cucumber!! I have total faith in your blog.
My question to you is, when is the next leg up?

thank you for all your efforts.

Patrick.