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| Market Forecast 9-7-11 - Chart Hrly IWM - |
Since my last forecast of the stock markets, markets have dropped fast around the world. However, since yesterday, markets are experiencing a reactionary rally. Which is a natural process.
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| Market Forecast 9-7-11 SPY |
Markets have risen into the price levels, which offer resistance and today and tomorrow are the CIT, turn dates. Therefore, markets shall find reason to turn down from here. Furthermore, it seems that market potentially is making a H&S pattern.
Stops are just above the HOD (high of the day).
3 comments:
Thank you for your analysis & sharing, Mr Syed.
Herbert
Thanks for the updates Mr.Syed.
Was wondering if you had a target for SPY?
Also, have you ever given any thought to writing a book or articles on specific topics? You could post them for sale on this site in pdf format.
There is so much knowledge out there that it's hard to disseminate between what is worthy and what isn't.
thanks.
Patrick.
Your Gold and Stock Markets predictions have come true
Gold found the support at @1795 and rally exactly, as you forecasted and you predicted the stock markets will fall on today, and of course they fell33
Thanks.
God bless you with lots of gold.
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