Financial Markets are down, as previously forecasted (on 10-30-10) due to the time cycle of 11/21 (2 years time cycle completion). Now, as a trader, our task to look for the sign for further deterioration, thus more decline or a support at certain levels, which shall take the markets to new highs of the last 2.5 yrs. DJI has tested the important support level again today. It must not violated to keep the intermediate uptrend intact. (I believe that Markets shall challenge the May 2008 highs, after completing the required corrections) click on the charts to enlarge
3 comments:
Thnx for the update Mr Syed
Mr. Syed,
Can you please write more about 2,5 year cycle ? Does it mean we should see the top in march/april 2011 (on 11/21 there was 2 year cycle end, so If I add 6 months it gives april 11 as a result ? I assume the same start point for both 2 & 2,5 year cycles.
Remain blessed,
Robert
Thanks Robert and Sam
I'll try to write up some details about the 2 and 5 yrs cycles
Remain Blessed
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