Friday, August 26, 2011

Stock Market Time Cycles Update

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Stock Market Analysis-
Forecast 8-25-11

Well, stock markets have done, what was expected and forecasted of them. Gap from the 08/17 area, has been filled, and it is happening smack in the middle of the time cycle for the change in the trend. Price objective has been achieved and Time Cycle has arrived to create a change in the trend.

What is the most likely thing to expect from the markets?....

Gold Commodity Forecast of 08/25/11 Update

Gold commodity forecast of 08/25
Update
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Yesterday, I had alerted that, "Failure to break below this area of $1,761, means that there are some bulls around and want to aim the $1,795 area"

Well, today, Gold just did that. Gold has come up-to these NHN numbers. Why did it not try to reach other number?

These NHN Numbers are important part of the puzzle of Financial Market Time and Price Cycles, by which the markets are ruled by.

Thursday, August 25, 2011

Gold and Silver Markets' Forecast Update

Gold commodity analysis 8-25
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  • Current price level $1,761 has been the Previous support and is now resistance area.

  • Rejection at this level is likely, it is 1/3 of the recent price drop.

  • Failure to break below this area of $1,761, means that there are some bulls around and want to aim the $1,795 area
  • Gold and Silver Markets' Forecast Update

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    Gold had a false break of the support at $1,718 area and then bounced off from $1,703 level

    Gold Commodity
    Forecast 8-25-11
    Resistance levels $1,763-$1,770 and $1,782-$1,795

    Failure to recapture the $1,795 shall trigger another sell off
    and strong and decisive close above the $1,795 shall re-ignite the rally

    Failure at the $1,762-$1,765 level would show that Gold has stronger weakness at these level and would trigger a sell-off right here.

    Next time cycle to watch out for CIT is on 08/26 - 08/29 (Friday/Monday)

    Wednesday, August 24, 2011

    Gold and Silver Markets' Forecast Update

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    Gold Forecast of 8-23-11 Update

    Gold has fallen hard, as expected and forecasted by me. It triggered short swing trade, once, it broke below the $1,752 level

    Gold Forecast 8-24-11
    Gold may find a support and littel bounce at the current level of $1,750 area . It might rally upto the $1,790-$1,795 area. and Failure to close successful above this area, shall trigger another round of sell off, and sell-off could range between $100-$180 .

    Silver as stated in my last update, as been laggard, and is just following the lead of Gold

    Upon failure at the current price levels and or after small relief rally of $33-$48. Next price targets $1,685 area for bounce and then down to $1,630 area.

    Gold Drops 5.6% on The Worst day since March 2008

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    Gold dropped 5.6% since breaking the very important support level of $1,852, as predicted by me.



    Gold Forecast (Silver Forecast) Update - I Predicted Drop and Short Trade!!!


    Gold Forecast 8-23-11
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    Reaction of Gold after Forecast
    Yesterday's morning, I alerted you to short trade and drop in the Gold Commodity, if it breaks below the $1,852, a very important level. As you can see from the chart attached here $1,852 level was tested several times within 24 hours, as support and resistance, then Gold dropped like a rock.

    over $96 within one day, since the break of $1,852.

    Tuesday, August 23, 2011

    Stock Markets Update ii 8-23-11

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    Markets have rallied another leg up in after lunch hour, and coming right up to the gap open level of 08/18. It is also the 50% retracement level from the high of 08/17. Market sometimes, tend to fade or fill the gap (full or partial), however, it is very likely to pull back now. It is just law of nature.

    Market Forecast/analysis 8-23-11
    Nevertheless, we ought to cognizant of two possible case scenarios.
    1. Has the market bottom on 08/22 time cycle?... and this price level was retested on 6 different trading days. If that is the case, then markets need to over the resistance of 08/16-08/17 price levels
    2. The market is experiencing the bear market rally and then shall drop like the rock again after fooling lots of retails buyers.

    I feel that it is the second case scenario. Even if market tend to consolidate in the area of 08/17 highs, it shall end up forming a right shoulder, which would be spanning from April 2010 highs, with neckline in somewhat diagonal ascending from lows of Summer 2010

    Stock Markets Update 8-23-11

    Stock Market update and Forecast 8-23-11
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    Markets have rallied exactly on my time cycle of yesterday (08/22) and have now reached the price levels, where we shall see the "b" wave, i.e., a pull back. Therefore locking in your profits of the long trade is advised. If the rally is to be continued, (which has the higher probability then, we shall the "C" wave starting after a pull back)

    Gold and Silver Markets' Forecast Update

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    The Gold price level of $1,852 is very important. Break below this level, shall trigger a swing short trade.

    Monday, August 22, 2011

    Silver Market Forecast

    Silver Commodity Forecast 8-22-11
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    Silver finally got over the resistance and is aiming for higher price targets, thanks to influx of money going into the Gold commodity. People are looking for alternative cheaper precious metal.

    However, based upon the recent move in the precious metals, it seems that Silver is going to experience another serious reversal.

    Next price targets are $45.6 and $46.10 to offer resistance. Silver next time cycle for resistance and reversal is 08/26 and up to 08/29

    Gold Market Forecast Update

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    Once gold passes the resistance level of $1,995 (which it will soon, most probably today), then next targets are $1,920, 1,939, 1,958, $1,976*, $1,997**. 
    These shall offer resistance. Next time cycle for turn is on 08/26-08/27

    Gold and Silver Markets' Forecast Update

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    Gold has been following my forecasts to the letter.

    Friday, Gold reversed from $1,872 predicted level for reversal and traded down to $1,840's and then an alert was issued to go long again just before the end of the day at $1,840's range. It went to my target price area of $1,890 and it reversed when an alert was issued for reversal. These were over $300 moves ranging within last one week.
    A long alert was issued previously, when gold was at $1,590 area. (see previous posts)