Thursday, July 28, 2011

Stock Markets Update 7-28-11

I commence with my gratitude to The Ultimate Knower

NASDAQ Composite Analysis, Forecast 7-27-11
Stock Markets are just around the corner in their search for the bottom of recent sell-off, which was kicked off by my time cycle date of 07/25/11. Please see attached chart of NASDAQ. This index had shown more resilience during last 3 days of selling, and today, it sold off the hardest, (remember my rule, the one which stands the last, falls the hardest). Nevertheless turn is arriving and just a day (CIT date 07/29/11) and few more points away. NASDAQ support areas of reversal are 2755, 2744 and 2,730.

1 comment:

十郎 said...

Thanks Mr Syed,

Could you also comment on today's Hangseng Index pattern for our reference please?