Financial Markets Forecast 10-01-10 Update

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If you have been reading my posts from last few weeks, you would have clearly been fore-warned several times about several time cycles coming in on September 29/30 (+/-1). My forecast stands the same, as price cycles are completed, so are the time cycles. What does that mean = Reversal and or Correction

September Forecasts Review

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

I am floored by The Countless Blessings of The Creator, including the knowledge and then the ability to share.

Although, we had some misses like AMZN, PCLN, or GOOG earlier during the mid of the month. However, if we have followed the "Rules of Trading", as prescribed to you, in several other posts, we can limit our losses (by staying alert and with the frame of mind of "Expect The Unexpected") and then turn our attention to the the profitable trades, and let the profits run, as much as possible. Few trades from RIMM, GS, SPY or QQQQ, IWM, AAPL, GOOG, and Gold would have made up the small losses and then would have rewarded you with 30-40% to several hundred percent, if managed the trades properly. Click on the charts to enlarge. Let us review the month of September:

AAPL & GOOG Update

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

Although AAPL and GOOG have met preliminary targets of decline after the time cycles completion, however, there is high probability that trend is to continue. In said event the targets are shown in the charts. Sometimes I use the charts to eliminate the noise from the lows and highs of the trading days.

AAPL Forecast 09-24-10 = Update

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APPL Update: Click on the chart to enlarge (Gratitude is exclusively and entirely reserved for The Most Gracious)

GOOG Forecast 09-27 = ALERT Update

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GOOG Forecast Update Click on the chart to enlarge!

GOOG Forecast 09-27 = ALERT

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

GOOG has been propelled higher thus far with a force of one of the dominant time cycles for GOOG. However, it is DUE for the reversal, as early as 09-28. We may a see a higher open than yesterday, however, when price starts to fall from the open and when it falls below the yesterday's close, it shall be confirmation of the time cycle effect has been triggered and it is time to go short. Please click on the chart to expand.

Financial Markets Update

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

I stated in my Friday's Sept 24th post the following, "Now the question is that, is the rally going to take the markets higher or just retest of the recent high. NASDAQ (and it ETF QQQQ) has cleared the resistance. However, SPY, SPX, DJ-30, DJ-Transportation, NYSE Composite and Russell 2K, has failed to do clear the resistance or have not done it yet. Monday is critical day, to prove any hypothesis of going further long until September 29 (or Oct first week) or the continuation of previous reversal.One point of caution, today's rally is lacking the volume." Therefore, as stated, today's price action is the most important for the determination of the health of the rally, if a rally started on 09-24th.

Now For Time Cycles: We have 09-29/09-30 and then 10-04/10-08. I shall prefer it to make a low on 09-29/09-30 and high on 10-08th time band. This shall satisfy my Crash case scenario. If we have the opposite, i.e., low on 10-08, then we have very strong rally in coming days.

AAPL Forecast 09-24-10 = Update

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AAPL has not hit its stop-the-trade level from the aggressive entry of 09-24. Today is the conservative entry day, when AAPL stays below the AAPL average day range. (click on the charts to enlarge)