Financial Markets Outlook -- I Had Warned You About Correction

Topping pattern of the Financial Markets was resolved in one direction today. Therefore, I am sure, we all short the markets right now! Best of Trading and Profits!

Thank You My Creator again for the knowledge and ability to help others. Click on the charts to enlarge.

Gold Commodity Forecast Update,  Aren't you glad, that my Gold Forecast was correct exact on the spot. Thanks only to The Almighty. Thank you to all of you for all encouraging emails and comments. Comments are easier to follow up. Therefore, please use comment as much as you like.
Gold has been falling exactly since my last forecast-ed day of the start of the decline. I have previously illustrated the support levels. Today GLD low of the day was right in my support zone #2 (look at my GLD chart posted on 01-12-10) and then it rallied up-to the support zone #1. Watch out for lower support zone. You must also read other recent posts about Gold . I would keep my profits locked in at the next resistance level above the current price.

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Current Market Outlook ALERT!!!!

Today is the day of the breakout to the downside. Topping patterns have resulted and resolved into the down side.
It might retest the trendline.
The volume has confirmed, it is already over 100 millions shares in QQQQ that is over 30% increase in the average volume of 78 million. And it is just less than half of the trading day.

Follow Up of Previous Posts

First week of January, I had posted some charts, with my squaring of price and time angles lines.
Here is the follow up on the charts.


BIDU one day jump of $60.00 was stopped at my angle line.!!!
AAPL has yet to clear the Gravity Zone of angle lines. 


Once RIMM violates below the trend-line and retests (or not) and fails to break above, then RIMM shall not be able to recover to these current price levels for a while and next down price target is retest of March 09 lows. Watch for QQQQ 
Thank You The All Knower!

Current Market Outlook UPDATE

Yesterday post, implied to look out for reversal at the Broadening Top upper band trend-line. Today's price action confirmed my forecast. Thank You All-Mighty, the All Knower

Breakout of this pattern trend-lines would be at the higher than usual volume. and then follow through!!!

GOLD Market Forecast Follow Up

 Thank You All Knower!!!

GOLD Market Oulook 01-19-10

Another lesson in chart pattern:

The head and shoulders pattern is usually considered as a reversal pattern and it is frequently seen in uptrend.  It is also most dependable when found in an uptrend as well.  The market begins to slow down and the supply and demand are generally regarded in balance.  Sellers come in at the (left shoulder) highs and the downside is prodded (starting a neckline.)  Buyers shortly return to the market and push through to new highs (and thus forming a head.)  Nevertheless, after the new highs, the downside price is probed again (and thus continuing neckline.)  Cautious buying re-surfaces and the market rallies once more, but fails to take out the prior high.  (This lower swing high is regarded as the right shoulder.)  Buyers give up and the market tests the downside again.  The trend-line for this pattern should be drawn from the beginning neckline to the continuing neckline.  Volume has a great importance in the head and shoulders pattern than other patterns.  Volume usually increases as the price moves higher on the left shoulder.  Though, the head is formed on reduced volume indicating the buyers are not as forceful as they were earlier in the uptrend.  The last rallying attempts to form the left shoulder on even lighter volume, indicating that the buying has been exhausted.  Then, new selling ensues.  The pattern is complete when the market breaks the neckline.  Volume should increase on the breakout of the trend-line.

SPDR Gold Trust, symbol GLD, has been following my price and time squaring angles trend-lines and NHN numbers trend-lines religiously. As stated in previous post, that these trend-lines, also, form a bearish "Flag or Pennant chart pattern": Furthermore, it is potentially developing a head and shoulder pattern. The later part of head & shoulder pattern also contains a smaller "Symmetrical Triangle Pattern".

Based upon all of the above, I believe that Gold Commodity shall decline tomorrow.

Thank You The Almighty, The All Knower! for all knowledge!

Financial Markets Outlook 01-19-10

A Broadening Top is strong chart reversal pattern. It is contained of at least three peaks at consecutively higher levels and, among them, at least two bottoms with the second bottom lower than the first. Broadening tops take place normally in the later part of over extended bull markets (or rallies). When a broadening top is being formed, there will be irregular trading activity with a number of volume spikes.

Each reactive low off the respective high comes with high volume and turnover, thus giving the impression that the uptrend is coming to an end. However, after each sell off, a rally will begin that will carry the prices to higher highs. As a result making it hard to sell the break of new lows, or buy the break to new highs. (Click on the chart to enlarge)