Current Market Outlook 08-27-10 Update @ 12.31 PM PST

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

Market rose, then dropped and took out the low of within last 3 days, and rising higher, again at the EOD.
It is happening within one day of time cycle ingress!!, Could it be a reversal to the upside?? To be prudent, no positions are held over the weekend.!!

Current Market Outlook 08-27-10 Update

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

Markets have opened higher a few points as compared to yesterday's close. However have failed to violate the "Tasuki Pattern".

Current Market Outlook 08-26-10 - Short Lesson in Trading

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower. The words of following material is borrowed from the internet (Candlestickforum).

Downside Tasuki Gap

Description
The Downside Tasuki Gap is found during a declining trend. A black candle forms after gapping down from the previous black candle. The next day opens higher and closes higher than the previous day's open. If the gap is not filled, the bears have maintained control. If the gap was filled, then the bearish momentum has come to an end. If the gap is not filled, it is time to go short.

Criteria

1. A downtrend is in progress. A gap occurs between two candles of the same color.
2. The color of the first two candles is the same as the prevailing trend.
3. The third day, an opposite color candlestick opens within the previous candle, and closes below the previous open.
4. The third day close does not fill the gap between the two candles.
5. The last two candles, opposite colors, are usually about the same size.

Pattern Psychology

The Japanese put significance into gaps. When one appears in the middle of the trend and is not able to fill itself on strength the next day, the momentum is still in the downtrend. The bounceup day should be construed as being a short-covering day. After the short covering disappears, the selling continues.

Gap above the last candlestick bar, shall violate the pattern. Instead, it shall become another pattern, guess what?.................. Yes, you are right. "Island Cluster Reversal".
Please see my previous posts to refresh what does Island Cluster Reversal means, recent decline was started from it.

Current Market Outlook 08-25-10

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

All Praises and Glory are exclusively reserved for His Gracious and His Magnificence. See the follow up of this morning forecast. Thank You My Creator, for giving me the ability to share your gift.

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.

Some Previous Forecasts

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

I was going through some of my notes and my previous forecasts.
Do you remember these forecasts on APOL and AAPL around 04-23 and 04-21 respectively. (click on the link to review the old forecasts)

Just Due to The Creator's Blessings, again the results have been phenomenal.

AAPL Forecast Follow UP

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower of hidden and obvious

Thanks are entirely reserved for The Most Gracious, my AAPL forecast on August 10th, came to fruition. Second lower target was achieved today. See the forecast and results thus far.

GOLD Market Update 08-23-10

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Gold gapped down today at the open and after dropping over $16.00 within less than couple of hours, it found a support a 50-MA and 21-EMA. However, it still formed a hammer near the recent top. Please see the attached chart.

GOOG Forecast 8-17 - Follow Up

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GOOG had dropped over $35.00 since my forecast. Thanks only due to The Most Gracious, The Almighty

GOLD Market Forecast - Price Cycle Squared with Time Cycles, Correction Ahead!!!

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower of All hidden and obvious, past, present and future.

Gold is following the financial markets, with some lag or lead time. Gold has been squaring its price cycles at the lows and highs. Based upon this recent high/low squaring, Gold has completed its squaring of its recent high, it confluenced within the time cycles band. Thus I expect a serious correction and/or decline in the gold price. $1,149 (+/-$8), is the first support zone area.  (Two consecutive closes $8 above $1,237 shall negate the recent time/price cycle squaring (which I doubt very much, but it is good to know our stop-out level).

Market Forecast - UPDATE 08-23-10

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Short position were triggered on hourly chart and daily chart, also. Today's low was lower than both previous bars.
Today, Market gapped up, and satisfied the rally requirement due to the time cycle ingress, and to start heading lower. 
As a matter of fact, today's range of the bar is 2% (on NASDAQ), from high to the low of the today's price range. 
I have entered short (puts) positions just before the market closed.

Market Forecast - UPDATE

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower of hidden and obvious

Markets are being controlled by my long term time cycles forecast. "I stated earlier that smaller time cycle shall attempt to create a rally." But I also added " Just remember one thing that every rally is a candidate for selling/ shorting, and or adding to the short positions." That rally MUST be considered a higher profitable and lower risk trading opportunity to short at better prices."

Market are (in some markets have already broken through) about to break through the support at the trend-lines as indicated in my previously posted charts

AAPL Forecast 08-21

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Current Market Outlook 08-21-10

I commence humbly with my gratitude to The Most Gracious and The Ultimate All-Knower for the countless blessings, including the knowledge and ability to share.

Time Cycles Coming In to Create a Bounce:
Market has been falling since my forecast from week of Aug 9th. As we know, nothing goes straight up or down. If we have price going in one direction, completely until a time cycle hits, then price ought to reverse.  Therefore, it is expected that markets shall find a reason to rally up (Time Cycles cause the news), though it shall be (ought to) short-lived (most probably up-to August 25th afternoon). I shall looking for the weakness from 08-24 afternoon. Just remember one thing that every rally is a candidate for selling/shorting, and or adding to the short positions, unless previous my stance of big correction and/or crash is proven wrong.