Stock Markets Forecast 6-7-11

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Markets are dropping as forecasted.
I am looking for a support at 1,262 (+/-6) area of SPX. When market reaches this level, look to lock in the profits, as markets are poised to go higher on Monday!

Stock Markets update

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You were alerted to sell/short at peak high of yesterday.

From the high of yesterday, market has dropped 1.5%+.

Stock Markets Update 6-9-11

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Markets have been down until, yesterday. Laws of Universe (Laws of Physics) dictate that there is always a reaction to an action. Thus today's reactionary rally. Any attempts at and below SPX 1,300 (1,292-1,298) must be sold, with very small stop just above 1,300.
1,300 is natural harmonic number and is strong support and resistance. Tomorrow shall be an opportunity to short again, if not today!

Stock Markets Update 6-8-11

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Russell 2K Index and Nasdaq Composite, and NYSE Composite Index on verge of loosing all of the gains of this year.

Stock Markets Update

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Today Dow Jones Industrial shall be closing at or below $12,000 and that will trigger another round serious selling

Stock Markets Update 6-8-11

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During a confirmed down- trending markets, Selling any and all rallies is the only prudent trading strategy.

Gold and Silver Markets' Forecast Update

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Below is the copy of trade alert sent out  just now to the subscribers of my forecasting service, 

If you were not short yet, then wait for it break below the both trend-lines to sell again.

See attached Charts

Stock Markets Forecast 6-7-11

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I was just looking at the markets with greater depth of analysis. and I noticed that it just recently touched off one of my watched levels. 34-Weeks MA. This along with other smaller Fibonacci numbers, 21 and 13 are great long term trend  indicators and tools. 1,284.32 was the exact level, where it sits right now. Once that level is broken, we market will go down to 1180-1200 level. which is about to occur, sooner than the most analysts think!

Gold Forecast 6-6-11 Update

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I had alerted the subscribers to my forecasting service, to get in short trade exactly at top around $1,555 on 06/06/11. Which ($1,555) was also predicted in my Weekly Forecast a day before on Sunday.

Gold stop never got triggered and gold has been down $18+ since our entry yesterday exactly at the top of yesterday.

 hope you have been in the similar trade!!

I think we have double-topped the intermediate trend in the gold or possibly a major top

For inquiries about Subscription, please send your email to TradeinHaromy@gmail.com

Stock Market UPDATE

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Market is taking in the last gulp of air, before it dies down. Market is heading for very serious correction.
Financial Sector, XLF is taking last breath before it tumbles again. So will the market!
It has come down and below all support levels, that could have kept a blip of hope alive. The last time, it traded below these support levels was after correction which continued after May 6 Flash Crash and in 2008 and before March 2009, when market finally bottomed. Now market is not bottoming, rather market is pulling back after putting in all time high since 2007, rather some indices have eclipsed their 2007 bull market highs. Therefore, all evidence point in support of my bearish view of the market.

Crude Oil Forecast UPDATE

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Thanks to The All-Knower, Crude Oil along with other two subscriptions are doing fabulous. Every now and then, I get thank you note from a subscriber, who has the ability to manage the trade (Forecast and trade alerts alone would not make you money, if you do not know, how to enter, exit the trade and have proper money management rules and have the NERVES to follow them.

Stock Market Update

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Markets have broken the neckline of H&S pattern. When successfully followed, the pattern reveals that profit target would be at least testing of the March 2011 low levels.

Goldman Sachs (GS) Forecast 06-06-11

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Goldman Sachs (Symbol:GS) has been forming a special pattern, which it has been following since October 2010. Based upon the past, the future can be predicted up-to a great certainty. Once it breaks the current price level then it is ominous for GS and If that pattern is still being followed, which I am sure that it is,.... then GS is going down to $120 and then $100 levels.

Stock Market Forecast of 5-31-11 UPDATE

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I had alerted you, the readers of my blog-site on 05/31/11, when we had huge rally of 1.5+%, that I am not BUYING THIS RALLY, RATHER I AM SELLING IT. I actually said the following, " 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.!!" One of the charts posted with the forecast is posted here again.

Almost all markets closed on their lows of the week on Friday 06-03-11. Since my forecast of 05-31-11, 

DJI has lost ...  465 points,           NASDAQ has lost 105 points

NYSE has lost  297 points, and  SPX has lost   .....  47 points. 

All markets tumbling at least 3.50% from the high on 05/31/11, the day of my forecast. I hope some of you heeded to my forecast :-)

Gold and Silver Markets' Forecast Update

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I present to you the last week Forecast to Subscribers and its results, which were 100% successful
Last Week Forecast Recap:

It was stated in the last week forecast that, "

• $1,550 area, must be VERY STRONG RESISTANCE. See attached charts.
• Silver might try a false break out now
• Watch out for break below the $38.00 level to enter short trade. 
• Silver First target support is $34.20 area. See attached charts
• Next time cycle for turn is on June 1st. However, we ought to be on "the watch" on 05-31, once price start entering the range of $1545-$1553 area for reversal, especially on 05-31 around 11-12 AM NY time. "Break-out from the downward channel on 06/01, while ignoring price level and considering 06/01 time cycle for CIT = Long entry at $1,533 area. 
• Then, one should have closed the long trade at $16 profit, as $1,550 was predicted in bold letter as STRONG RESISTANCE." However, selling at $1,549.50 level was the highest probable trade, with price cycle and time cycle lining up, June 1st and $1,550 price level. Selling at $1449.50 with stop just above was the highest probable trade  with highest reward to lowest risk ration, with your eyes closed :-) (= with great confidence). , that trade was went down to $1,519.50, it was $30 trade.
• Silver  chart on, long wick with very small body, an inverted hammer, after previous bar hammer was an indication that tussle between buyers and sellers would result into some fast move. A break below $38 was indicated as short trade in forecast. Short entry at the break below $38, breaking down from the upper band of the downward-channel, timed with time cycle of 06/01. Trade went down just a little above my target profit area of $34.20
• Next time cycle is June 3rd, I will be watching that time cycle for reversal also. On 06/03, gold came down to double bottom and test the $1,520 level and bounced back up to $1,546, that was $25 trade.

and Now the Charts to illustrate the outcome