Stock Markets Update 04-20-11

STock Market update 4-20-12
NASDAQ Chart

I commence with my gratitude to The Creator

Markets have been working within a tight range since 04/09/12, and since when market broke below the previous support (which has become a resistance now). This resistance level lies at 3,050 for NASDAQ, 1,388-1,390 for S&P-500 and for DJI is at the level of 13,000-13,010.
Once these levels are taken over solidly, look for new market highs till the next big time cycle of October 2012 (with smaller time cycle creating smaller pullbacks on the way up).

I think market still has some juice left, before it runs out of the bulls-fuel..

Once AAPL takes over the $644, look for the level of $726 level to offer resistance...

Stock Market Update @ 14:50 PM CST

I commence with my gratitude to The Creator

Markets are testing important support zones on all indices.

Please see the attached chart. Once this support is held then, we shall have a rally. ...

I had received some questions regarding the last 2 posts. I have laid out 2 scenarios. Once and if the support as shown in this post and couple of days ago, is held, then a rally shall ensue. Otherwise, the break of support shall make the markets to spill over to the fast sell off....

Stock Market Update ALERT

I commence with my gratitude to The Creator

Stock Market Update ALERT

Stock Markets are experiencing a pattern, which is similar to the topping pattern. Is this the one?
Only the time will manifest it.

However, as stated in the previous post that certain support levels must not be violated. If they are violated then we shall start a new leg down until the end of the month....

Stock Market Update

Market Forecast 4-18-12

I commence with my gratitude to The All-Knower

Stock markets have had a decent size of correction and bounced off right at the time cycle of 04/16. As a matter of fact, a low was made on said date of the CIT. Markets not only bounced off, but also recover the resistance levels of all the indices, such 3,000 for NASDAQ, 1,375-78 for S&P500 and 13,000 for Down Jones Industrial.


IMHO the markets have received the reasonable correction to make the next bull run healthier and less riskier.. (above mentioned levels must remain intact for the markets to remain bullish). Once markets have respected the recently recovered resistance levels, bull run shall last until the next time cycles.
Next levels to watch for S&P-500 are 1,430 and 1,440 to offer resistance, I believe later shall offer more...

AAPL Forecast Update

AAPL Forecast 4-11-112 Update

I commence with my gratitude to The All-Knower

I have posted an alert on 04/11/12 regarding AAPL's impending decline.

AAPL has declined over $62  since, its price squared according to the newly discovered price squaring rhythmic pattern. It has declined over $48 since the forecast was posted...!!!
Thanks again to The Creator for letting forecast come to fruition

In Socrates' words, "I know one thing, and that is that I know nothing."

Stock Markets Forecast Update 04-15-12

VIX Chart Forecast 4-15-12

I commence with my gratitude to The All-Knower

Markets are sliding to the downside. Today, I shall look at another perspective, which gives us more clue as to the direction of the markets in the near future term.  Volatility Index, is inversely related to the markets' trend.
VIX just found a bottom and has overtaken some strong resistance which kept its trend lower since October of last year. VIX has not only taken over these time cycle resistance lines, but, also took other leading indicators which depict the future trend of the markets. VIX has more upside to come. VIX next targets are $23.20 and $24.85. Once VIX reaches these levels, look for the markets to consolidate and or reverse back to the upside.