Stay Tuned For VERY Important Update later today.!

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Based upon several requests, I have expanded my analyses and shall post a detailed market analysis and forecast later on tonight!

Stock Markets Update 8-5-11

Market Forecast Bottom is in ! 8-5-11

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Market briefly undercut the support, "the line in the sand" and then reversed sharply above it. Holding above the line of support as illustrated in the yesterday's post, shall put in the swing bottom.

Australian Dollar Pair AUD/USD Analysis, and Forecast 7-27-11 Update

Aussie $ AUD.USD Forecast analysis

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I had analysed Australian dollar on the eve of it reaching to the highest level ever know to this currency. I had predicted a top and so it happened.

I have received some requests to update the Australian dollar forecast and give any potential support targets.

Please see the attached chart. AUD.USD is approaching its first support target shortly may be, within a day or two. 

Stock Markets Analysis and Forecast 8-4-11

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S&P-500 chart - Stock Market Forecast 8-4-11

Stock Markets are dropping like rock, and sentiment is already very bearish and would be extremely bearish by Friday close of the day. Is that the end of the bull market and would the markets would continue to fall?

Again, we have to look at the precedents from the history. I have placed a 450 day or 90 weeks moving average on the chart. This moving average is actually the "line in the sand" beside other indicators, I use it, to determine the long term trend of the stock markets. This support is sitting exactly at 1,190-1,195 area and it coincides with the 50% retracement level from the July 2010 low to May 2011 high and also at 25% pullback level from March 09 low to the recent highs. Similar support for NASDAQ Composite lies nearby at 2,530 area and for DJ-30 at 11,260 area. Market must find its support here by Friday or Monday.

Failure to hold this level, shall trigger a even bigger sell-off, that shall continue int the end of the year or potentially into the next year.

Gold and Silver Markets' Forecast Update

Gold forecast 08-03-11 results

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Gold Forecast 8-3-11

Gold Forecast 8-3-11

Thanks to the Creator, I was right on the spot about the gold and silver markets. Last night, I issued an alert to the subscribers when it was trading in the $1,655-1,660 range that Gold wants to go to $1,680, after which it reversed .

Stock Markets Update

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WOW, I must admit that I erred about the swing bottom yesterday.
It's Mercury Retrograde at full swing.
Markets find ways to humble any and all, regardless how insightful you might have been. As someone said, "everyone trips every now or then, but important thing is not to fall."

Gap down nullified any previous bullish stance.

I had ignored rather missed my own analysis of major H&S pattern being formed and also in this post. I had foreseen the failure at these levels, would take the SPX to 1,220 and lower area.
I was talking to a friend of mine from Midwest, over the phone the other day and reiterated the same thing what I said in the post a day (on 08/01/01) before that failure the levels would be devastating for the markets. As stated in my post dated that "Otherwise, Failure at these levels, shall be very ominous for the markets. and also that failure to follow the pattern, would only mean that, and borrowing the statement from my post dated 08/02/11 that "If that does not hold true in this incidence, then markets have morphed into a new time cycle pattern."

Reversal Pattern - Butterfly Pattern

Market Reversal Butterfly Pattern 8-3-11

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When a market makes a double bottom, in form of Gartley or Butterfly pattern, then markets are poised to run to the opposite direction with greatest probability.

Butterfly pattern is when market retraces to 'C', at least 61.8% (or 78.6%) of 'AB' and then rallies and makes a lower high and then drops again and this drop to point 'E' and it is extended up to the 127.2% retracement of 'AB' and it must also coincides with at least 161.8% - 223.6% retracement of 'CD' wave and at least 200% - 223.6% expansion of BC

Financial Market Time Cycles Update

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Today markets have come down to the time cycle of 08/03. This is a turn in the market now.
Gartly pattern was voilated, however, drop took the prices to the another pattern called "Butterfly" level. Extension of "DE" gets extended to '1/0.786 = 1.272". Which it did today.
WE HAVE PUT IN THE SWING BOTTOM TODAY!

Crude Oil Forecast 7-27-11 UPDATE

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Crude oil Forecast 7-27

Crude Oil Forecast Results

I had posted forecast and predicted the date of reversal of 07/27 about Crude Oil going to $94.00 (it was trading in $99.00+ range)  and even below to $92.00 and down to $90.00 area and the subscribers to my forecasting alerts subscription service were alerted for short trade set-up. It was once again another profitable week for the subscription alert subscribers.

Gold and Silver Markets' Forecast Update

Gold Forecast on 07/13/11

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Gold has surged to new highs in the history of Gold. And Silver has followed the suit higher, but as it has been lackluster, since, it had experienced 33% dropped from $50 high on 05/02/11 (which was predicted by me before it occurred).

Gold Forecast 8-1-11

Silver Forecast 8-1-11

I had also alerted the subscribers of forecasting subscription service and herein open post, about Gold reaching to new highs several times. I had recently alerted the subscribers yesterday that gold is going to test the new highs of $1,648+. Today gold has gone to test the $1,660 level.
For inquiries, send an email @ Trade.N.Harmony@gmail.com

Stock Market Outlook Within the Mirror of History

60 Year Cycle 1951-2011

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Markets have continued to drop into the support area, which also coincides with the H&S neckline,  (the chart posted here). I believe that neckline ought to hold, otherwise, it would be devastating for the stock markets.

Why the markets would go higher? Besides the time cycle alignment, let's look at the history and see if it gives us any clear indication.

40 years time cycle 1971

Major time cycle of the financial market is 60 years time cycle, besides the 40 year time cycle. My long-term bullish view of the market is based upon what occurred 60 year ago. In 1951, after reasonable correction, stock market rallied for anther year. Same price behavior occured in 1971. Ironically both years matched important lows and highs with the exact match within +/-1 day and sometimes to the exact same date. That is the reason, I believe that markets ought to find support now, as it being the first week of August and price is reaching to a very significant support levels. If that does not hold true in this incidence, then markets have morphed into a new time cycle pattern.

Stock Market Time Cycle Update 08/02/11

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With price dropping lower than the Friday's level, would take price levels to test the lows of 06/23 and or 06/16.  Good part is that based upon my proprietary time cycle generators, 08/03 (another date is 08/04) is the CIT date and it could manifest at (-1) interval. That could potentially change the whole scenario back to bullish.

Stock Markets Forecast/Analysis of 8-1-11 Update

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S&P-500 Chart Analysis &
Forecast 8-1-11

Markets are exhibiting price behavior, which is typical at the stage of (un)certainty and or at the level, where big change is impending. Markets, today, gaped up 1%+ and then reversed and gave up all of the gains and lost in the same proportion and then some, in some cases more than 1%. However, just before the end of the day stock market rallied hard to regain most of the losses and ended up a bit lower than yesterday.

That is lot of confusion, Right?
Well, to clear the smog (Californian term for smoke + fog), looking at the longer term chart, such as weekly, shall help us understand what the markets are trying to tell us.

DJI Analysis, Forecast 8-1-11

S&P-500 and Dow Jones Industrial are just hovering over or at 200 MA. That also coincides with the 2+ year upward trend-line from the bear market low. Furthermore, markets are evolving into a ascending triangle pattern. Momentum also showing the divergence. What does that mean with certainty? Well, nothing is certain in the Universe, except The Creator Who Created the Universe. However, we look for the highest probability  situation and then make an assumption based upon the previous experience and current situation's comparison with what occurred in the past. Please see the charts for the illustration/.
Conclusion: Markets ought to trend higher.
Otherwise, Failure at these levels, shall be very ominous for the markets.

Stock Markets Update 8-1-11

Market Analysis, Forecast 8-1-11, SPY Chart

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Markets shot up and then tumbled to retest the lows of 07/29, the Friday.

See attached chart, I believe that was the last of the sell-off, which was to wash-off last of sellers. The low of today must not be violated to keep the rally in force.