Thursday, August 11, 2011

Stock Market Forecast of 8-11-11 Update

I commence with my gratitude to The Creator

I had posted an analyses and forecast that the price area, where markets have fallen to, "This area offers a strong support" I further added that if that alone is not an "enough reason, to create reversal", then the stronger reason is the "time cycle for potential change is 08/11". I concluded that , we ought to be ready for a bounce off from yesterday's close. I had also posted a chart, with potentially Inverse H&S being formed, which remained valid.

Well, today, once again, Forecast came to fruition and was proven correct and Time Cycle did have lots of air, enough air the blow the markets indices 4-5% higher from yesterday's low.

7 comments:

Anonymous said...

Mr.Syed,

good forecast! Just wondering what you are forecasting as the next time cycle CIT date for a reversal?

thanks.

Patrick

Bhopal said...

Mastery indeed

Anonymous said...

TO PATRICK:

are u from hk? i think i knew u

Anonymous said...

Mr Syed,

Thank you.

Herbert

Anonymous said...

Hi Anonymous.

I am not from HK.

Patrick.

Harmony Teacher said...

That is interesting,

I don't know, why someone wants to be anonymous.

It only takes another 30 seconds to type in your name. Let the Universe vibe with the energy with the name, it was given to you.

Chris said...

Market has rebounded nicely
Mr Syed

What do you see happening in next week?

are we going higher into next week also? what is the target of S&P