Biggest Names in the Market Make Mistakes

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Biggest names, who have earned their names, by being the best forecasters of the market, are humbled by the market.

In 2008, Buffett bought a large stake in the stock of Conoco Phillips as a play on future energy prices. However, this turned out to be a bad investment, because Buffett bought in at too high of a price, resulting in a multibillion-dollar loss to Berkshire.

In 1993, Buffett bought a shoe company called Dexter Shoes. Buffett's investment in Dexter Shoes turned into a disaster because he saw a durable competitive advantage in Dexter that quickly disappeared. According to Buffett, "What I had assessed as durable competitive advantage vanished within a few years." Buffett claims that this investment was the worst he has ever made, resulting in a loss to shareholders of $3.5 billion.

Since Muddy Waters fired its opening salvo in early June, Sino-Forest’s shares have plunged 87%, wiping out $4 billion in shareholder value and scaring off heavyweight investors such as John Paulson, whose hedge fund, Paulson & Co., took a $574 million loss when it bailed out of the stock last week.

Lessons Learned: Must know, when to quit. Not quitting the wrong stance, is the only factor which have always plundered the wealth of many.

Stock Market Forecast 6-16-11

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I think we may have rally starting from tomorrow. I was looking at my geometrical time cycle generator, it has a turn date on 06/20/11. It did not have the turn date on 06/13/11 :-)

Therefore, buckle up, this rally is going to be strong one! (then of course, another leg down!)

Why do I think, that we shall have a strong rally and why we did not have a break-down as thought 2days ago. Market should have broken down within last 4 days, since it was flirting with Dow 12,000 and SPX $1,262 and Nasdaq Composite 2,634. It rather found support at these levels (just a false break down through these levels) and the time cycle has arrived for reversal. Thus, Markets shall experience reversal and rally due to the time cycle arriving when markets are at important price junctures.

Stock Market UPDATE - ALERT!!

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Markets may find a reason to bounce, as markets went down and are reversing. If the markets close in positive region, then it creates a reversal. and we shall have a rally. We can always re-enter the short trade, once it breaks below the today's low!!

Stock Markets Update

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The rally not To be trusted. It is a "fake-out".
It's the last gasp, before markets drop like a rock.

Markets Act in Predictable Manner

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In my previous post published below, I used the word fractals and got a few inquires, as what is fractals.
Please see sources to read more here

http://classes.yale.edu/fractals/
http://www.fractal.org/Bewustzijns-Besturings-Model/Fractals-Useful-Beauty.htm
http://www.miqel.com/fractals_math_patterns/visual-math-natural-fractals.html

If you would like to learn how to better your trading, Then click on the blue banner just above, where you would be able to see Four FREE educational Seminars conducted by good authors. Then you can watch thousands more seminars at a nominal costs. 

Markets Act in Predictable Manner

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Markets Act in Predictable Manner and in relationship with its previous moves.
In one of my recent Crude Oil Forecasts, I have predicted a price target level of $94.00. Yesterday, Crude Oil went into a resistance level, (which I was watching $99.8-100) and then sold off. That was Not the only reason of sell-off. Market works in fractals and channels, which creates a vibration resonance in the future. I had added and highlighted the yesterday's price vibration line with "red color" line. When it was extended, it reached the price of $99.80-$100.00 (within the range of different prices at different exchanges or brokers), sold off. See below. I have explained some of the tools and techniques, I use to ascertain prices and time. Click on the top 2 pictures, from yesterday and left bottom picture from today.

Stock Market and Commodities Markets Sell-off about to Begin - HIGH ALERT

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Stock Market and Commodities Markets All Hands-off Sell-off about to Begin:

The Break down of SPX 1,262 level and NASDAQ Composite 2,630 level, shall trigger a Serious Sell off from All the funds' computer programs and create a Crash Situation.

US STOCK MARKET FORECAST UPDATE

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On 06-10 and again 06-13, you were forewarned for a swing low. During a down turn, rally lasts only 3 days (maximum 5). Therefore, be on alert, if Market changes back to it's previous trend... Down. Markets have retraced minimum requirement(33%, 38.2%), and stalled at my predicted level of previuos break-down.

Crude Oil Forecast 6-13-11 UPDATE

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How to trade with Time Cycle and Using Technical and Some Common Sense.

See the June 13th swing low aligned with Time Cycle prediction. See the attached pic. of the forecast, previously posted here as well!

For following illustration, See the Chart titled "Crude Oil Forecast 6-13-11 i"

• On June 13th, Crude Oil dropped to 96.14 level. $96.00 level was forecasted as support in forecast, see my previous forecasts.
• For 10 hours crude did not break this level. and then it broke out the 10 hours downward trend-line
• Point "1", Crude Oil made a spike low and reversed within same 10 minute bar to the half of the bar.
• Point "1", next 2 bars engulfed the spike low bard.
• Point "1", the 3rd and 4th bar did the retest of the low made the spike low bar.
• Point "2" This was a clear entry for long trade at break of this down-ward trend-line
• Point "2a", was an aggressive entry, and the least risky long entry was to enter the long trade at the retest of the spike low bar 50%. 3rd green bar after the successful retest of the spike low
• Point "1" and Point "2a" are being formed on CIT, trend change date.
• Market has dropped into the time cycle.
• Market has been declining since June 9th, for last 4 days.
• Therefore, it was an obvious swing low aligned technically with time cycle. Thus a very profitable and the least risky entry for a long trade.
• Trade entries were either at point 1, as illustrated above, or at point 2 or finally on point 3
• Trade entries were $96.50, $96.70 or $96.60 accordingly, all with stop at $96.10
• Once you are in the trade, then money management was watching your stop
• Then once, the trade cleared the resistance of Point A, then stop should have been moved to Point B, once trade went beyond the pink line at Point B resistance/support.
• After the trade has been successful, then monitoring the trade according to the hourly chart is the prudent strategy. See the hourly chart attached here.

Unusually Long Lunar Eclipse

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An unusually long total lunar eclipse will be viewable to much of the world, though not to the U.S. and Canada. The eclipse, which is the first for the year, will be visible from eastern Africa, central Asia, the Middle East and western Australia for 1 hour and 40 minutes, or the totality of the eclipse. The last time an eclipse lasted this long was in July 2000, when it lasted for 1 hour and 47 minutes.
Eclipse time: 06/15/ 1.12 PM, Los Angeles Time @ 24° 22' Sagittarius.

US Stock Markets Update Date 6-14-11

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The April lows of S&P 1,294 and Dow 12,093 , represent the near-term bull/bear battleground. For SPX, first significant resistance holds at the April low of 1,294, next resistance is at $1,313 and 1,32o area, while modest support rests at 1,265, matching this week’s lows. In the case of Dow, initial resistance holds at the April low of 12,093, and is followed by additional overhead around 12,180. The Nasdaq Composite’s near-term backdrop remains the weakest. First resistance holds at 2,670, and is followed by more significant overhead just above the 2,700.

Overall, The S&P’s downdraft initially accelerated with its violation of support at 1,313. This area now marks its breakdown point. The June downturn has included a 20-to-1 down day and a 13-to-1 down day on the NYSE. These sell-off are the signals of a potentially significant trend shift. The sell-off has been driven by a sustained volume increase, including the S&P’s three strongest-volume sessions in many months. The S&P has established a series of “lower highs” and “lower lows,” also signaling a trend shift.

Next target 1,251 on further selling and then next ones are 1,215-1.220 and then 1,188 area. Markets are just experiencing a relief rally and shorts locking in the profits.

Stock Market Forecast of 6-10-11 UPDATE

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US MARKET did the test of the low of 6-10 successfully. Successful test of the lows results in the Change of Direction of the markets. What is the successful test... When market does not stay below the previous low for more than 2 hours.

Therefore, we have a swing low in the markets trend. Therefore, buying long for next at least 3 days and up-to 5 days is a prudent strategy.

Market Forecast Update

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US Stock Market did not trade for 2 hours at the low of 06/10/11. However, it is coming back to test it again. It could be just another test of the low or posture to a real break down to the downside. Stay on Alert!!

Crude Oil Forecast UPDATE

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Crude Oil Forecasting Subscription Service has been phenomenal just like Gold and Silver Forecasting Subscription Service.

Each trade swing was predicted and captured by the forecasting service.

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Gold and Silver Markets' Forecast Update

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Last week, once again has been great for subscribers. Last week, Gold and Silver were shorted, when it just reached at $1,555 level, exactly on the top. Once again, last night, subscribers were alerted to enter and/or add to the short trade of Gold/Silver, when gold breaks the level of $1,530.0.



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Stock Market update 6-13-11

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Nothing goes down or up without a pause. We are in the correction, most probably a new bear trend. However, Markets tend to move in zigzag.

The close of Friday (according to your own strategy) is the stop for longs entered on Friday.

If this rally is to continue (which I think it will) for next at least 3 days and unto 5 days, it may try to test the double bottom.

Market must not trade more than 2 hours lower than Friday's level (6-10-11), otherwise, rally would turn into a bulls-trap.

Remain Blessed