AAPL did bounce on my forecasted time cycle (on 5/17/11) as posted previously. However, sometime general market conditions supersede the individual stock or commodity time cycle. Market is under pressure and is about to break down, if it fails to hold the SPX 1,292-1,298 levels (I am of the opinion that it shall fail to hold that level for now and shall experience a serious correction.). AAPL has been developing a bullish flag or penant pattern, but these patterns do fail sometimes. When they fail, they fail miserably and reaction in price, is very harsh. Furthermore, AAPL is flirting with its 50-day MA and 21-MA, which are converging at exact same price zone. Failure to hold that, shall cause AAPL to go through another round of serious correction of at least $14-$20.
Friday, June 3, 2011
AAPL Forecast 6-3-11
I commence with my gratitude to The Creator
AAPL did bounce on my forecasted time cycle (on 5/17/11) as posted previously. However, sometime general market conditions supersede the individual stock or commodity time cycle. Market is under pressure and is about to break down, if it fails to hold the SPX 1,292-1,298 levels (I am of the opinion that it shall fail to hold that level for now and shall experience a serious correction.). AAPL has been developing a bullish flag or penant pattern, but these patterns do fail sometimes. When they fail, they fail miserably and reaction in price, is very harsh. Furthermore, AAPL is flirting with its 50-day MA and 21-MA, which are converging at exact same price zone. Failure to hold that, shall cause AAPL to go through another round of serious correction of at least $14-$20.
AAPL did bounce on my forecasted time cycle (on 5/17/11) as posted previously. However, sometime general market conditions supersede the individual stock or commodity time cycle. Market is under pressure and is about to break down, if it fails to hold the SPX 1,292-1,298 levels (I am of the opinion that it shall fail to hold that level for now and shall experience a serious correction.). AAPL has been developing a bullish flag or penant pattern, but these patterns do fail sometimes. When they fail, they fail miserably and reaction in price, is very harsh. Furthermore, AAPL is flirting with its 50-day MA and 21-MA, which are converging at exact same price zone. Failure to hold that, shall cause AAPL to go through another round of serious correction of at least $14-$20.
Stock Markets Update 6-3-11
I commence with my gratitude to The CreatorBreak and failure to hold and recover SPX 1,295 is very ominous for the markets. Selling momentum has not peaked yet, therefore, it has more ways to go down.. See the attached chart.
Thursday, June 2, 2011
Crude Oil Forecast Subscription Update & Few Testimonial From Subscribers
I commence with my gratitude to The Creator, The All-KnowerShort trade alert was issued exactly at the high of the swing. Click on the pictures to enlarge
Silver and Gold Forecast Update
I commence with my gratitude to The Creator.
I share with you the excerpts from forecasts and alerts furnished to the subscribers.
Finally we caught the gold top, which I have been hunting since Friday.
We have had 2 good gold trades, first was small trade for about $10 trade and yesterday trade is swing trade, you must have banked part of the position at $30 profit. :-)) If you have had kept my previous forecasts, then you should have known that 1520 area was good support area, especially after 30 points drop.
Next Support for Silver is $34 zone as indicated on the chart.
Silver has had the top since my Friday alert for reversal hour on 05-27-11 before 12 NY time.
Black inserts into the charts are "alerts issued just before a trade set" and upper right hand is the alert for "short entry reversal" to occur on 05-27-11.
For inquiries about Trade Alert Subscription, please send an email to Trade.N.Harmony@gmail.com
Wednesday, June 1, 2011
Crude Oil Forecast UPDATE
This week starting from Tuesday, it has been challenging to hunt down the top in gold. However, we have entered that short trade,exactly at $1,550. But, Crude Oil Forecasting Subscription/Alert Service has been phenomenal this week also like always. This forecasting subscription service has been 100% successful since its inception.
Last week, both turns in trend were good trades and then starting from this week, we have already have two great trades. For inquiries, please contact Trade.N.Harmony@gmail.com.
Stock Market Forecast of 5-31-11 UPDATE
I commence with my gratitude to The Creator
I posted the following chart and forewarned yesterday,
"I am still of the opinion that markets are exhibiting a false break-out and rather bulls-trap. Markets are creating a possible Head & Shoulder Pattern. Current Markets Actions are the characteristics of the topping pattern, where participants are panicky (whether on an up day or down day), when the markets are trying to find the direction.
I shall NOT change my bearish outlook, until the markets have cleared the current resistance levels.Which I think shall be harder to do so.!!"(as a matter of fact, I updated the last sentence of my post later on during the day).
Today, Markets have crashed!
I posted the following chart and forewarned yesterday,
"I am still of the opinion that markets are exhibiting a false break-out and rather bulls-trap. Markets are creating a possible Head & Shoulder Pattern. Current Markets Actions are the characteristics of the topping pattern, where participants are panicky (whether on an up day or down day), when the markets are trying to find the direction.
I shall NOT change my bearish outlook, until the markets have cleared the current resistance levels.Which I think shall be harder to do so.!!"(as a matter of fact, I updated the last sentence of my post later on during the day).Today, Markets have crashed!
Some Stocks to Look at - (a peek inside my trading room) - PCLN, BIDU
I commence with my gratitude to The CreatorPCLN, and BIDU, have reached a certain price level, which offers great resistance. Thus a very viable and highly potential for a Short Trade. Buying Puts of front month is highly rewarding and least risky.
Tuesday, May 31, 2011
Stock Markets Update 5-31-11
I commence with my gratitude to The All-Knower
Markets cleared the downward trend-line and approached another strong resistance. Rather markets closed higher exactly to the resistance levels. NYSE closed at 50% retracement of last swing down and QQQ Nasdaq-100 ETF, retracement of 61.8% of last swing (Fibonacci) and SPY, the S&P ETF at 2/3 of the last swing down.
I am still of the opinion that markets are exhibiting a false break-out and rather bulls-trap. Markets are creating a possible Head & Shoulder Pattern. Current Markets Actions are the characteristics of the topping pattern, where participants are panicky (whether on an up day or down day), when the markets are trying to find the direction.
Therefore, I shall NOT change my bearish outlook, until the markets have cleared the current resistance levels. Which I think shall be harder to do so.!!
Nevertheless, I'll posting my time cycle next turn date, later on today or latest by tomorrow.
Markets cleared the downward trend-line and approached another strong resistance. Rather markets closed higher exactly to the resistance levels. NYSE closed at 50% retracement of last swing down and QQQ Nasdaq-100 ETF, retracement of 61.8% of last swing (Fibonacci) and SPY, the S&P ETF at 2/3 of the last swing down.I am still of the opinion that markets are exhibiting a false break-out and rather bulls-trap. Markets are creating a possible Head & Shoulder Pattern. Current Markets Actions are the characteristics of the topping pattern, where participants are panicky (whether on an up day or down day), when the markets are trying to find the direction.
Therefore, I shall NOT change my bearish outlook, until the markets have cleared the current resistance levels. Which I think shall be harder to do so.!!Nevertheless, I'll posting my time cycle next turn date, later on today or latest by tomorrow.
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