Wednesday, March 23, 2011

Financial Market Time Cycles Update 3-23-11

I commence with my gratitude to The All-Knower

Thanks to My Creator's Blessings, after my forecasted alert issued on Friday for "Bottom Confirmed", markets have rallied strongly. They have been exhibiting healthy patterns of absorbing selling pressure, and reversed today from the low and rallied strongly on stronger volume.

All indices have shown their relative strengths and reached, rather, recovered certain technical benchmarks. DJI and Russell 2000 (for broader US stock markets) reversed after trading below 50-days MA and 21-days MA and closed above both important resistances. NASDAQ-100 did accomplish something similar and recovered 100-days MA and closed above. All that, with higher than usual volume. Therefore, markets are ready to test the recent highs.

Tuesday, March 22, 2011

Crude Oil Forecast Time Cycles Update dated 3-22-11

I commence with my gratitude to The Creator

Crude oil has been following its dominant time cycles faithfully (with The Grace of The All-Knower)

Next time cycle which shall create a turn, is March 26 (+/-1 day). and Thereafter I am looking at March 31 as another turn date in the crude oil. I will be watching, technicals, with my previously given price levels, conjoining within these time cycles to enter the appropriate trade (long or short)

Crude Oil Forecast UPDATE

I commence with my gratitude to The Creator

Crude Oil is trading higher, as predicted by this blog post earlier. See the attached, click to enlarge.

Monday, March 21, 2011

Financial Market Time Cycles ALERT! - Update

I commence with my gratitude to The All-Knower

I had alerted you to go long on Friday, 03/18/11. I said, "So we shall have a strong rally in NASDAQ starting today. (which shall lead all other indices higher, as well, as it being the leader of the market)."
Thanks to My Creator's Blessing and Grace, my forecast (once again comes to fruition).

I hope that you would have heeded to my forecast.

Crude Oil Forecast UPDATE

I commence with my gratitude to The All-Knower

Crude Oil retreated about 3% from the $103.60 high (on 03/17) and going down into the next time cycle of 03/20 (as previously forecasted). When the trading resumed on 03/20, it shot back up about 3% to where, it retreated from, last week.
See the next price targets, as previously shown and on this chart as well.