Financial Markets UPDATE 5-4-11

I commence with my gratitude to The Creator, The All-Knower

If you did pay attention to my forecast on 04/29 of impending change in the trend in the markets, then you must have benefited and helped your financial portfolios.

Markets have dropped to certain retracement levels, which might have satisfied the next run up in the prices. Prices dropped for 3-4 days. However, in some indexes, prices dropped only to the minimum requirement of retracement of 25% (23.65%). Usually a nominal retracement like this, indicate that markets ought to go higher now. If the markets do go higher TOMORROW, then it would confirm the correction and/or retracment is over and next run up to next levels of resistance would start.

Financial Markets Outlook - 01-21-2011 UPDATE @ 11.20 PST

My continuous gratitude to The Ultimate All-Knower all the time for His Benevolence

I hope you weren't fooled by the Big Players's game being played in the markets, trapping retail investors.

QQQQ is testing right now THE LOW made yesterday, when it dropped over 1.75%.    Hmmmm!

Did you trade GOOG, when I alerted you this morning!!!???....... I has dropped over $12, since then....... ;-)

I am expecting SPX to test the level at 1,280-1,281

Financial Markets Update -12-07-10

With my gratitude to The Ultimate All-Knower

I had alerted you yesterday in my post at the blog, for a consolidation, and then another run up to higher prices.
Well! consolidation is over and next run up has started in the financial markets. Find your favorites stocks and indices to enter LONG.
I like IBM, AAPL, GOOG, AMZN, PCLN, NFLX, IWM,

Market Outlook 11-23-10

With my gratitude to The Creator

Financial Markets are down, as previously forecasted (on 10-30-10) due to the time cycle of 11/21 (2 years time cycle completion). Now, as a trader, our task to look for the sign for further deterioration, thus more decline or a support at certain levels, which shall take the markets to new highs of the last 2.5 yrs. DJI has tested the important support level again today. It must not violated to keep the intermediate uptrend intact. (I believe that Markets shall challenge the May 2008 highs, after completing the required corrections) click on the charts to enlarge

Gold Market Update 09-17

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I had published an analysis of Gold on August 31st and  previously on August 24th  had stipulated that $1,237 is an important NHN per my research. My forecast stated that Two consecutive closes $8 above $1,237 shall negate the recent time/price cycle squaring . I further added that a decisive break above that number shall bode well for Gold. Since then Gold has rocked higher.

And Now an update on said chart

GOLD Market Forecast Follow Up

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In my previous analysis of the Gold Commodity Market, I have pointed out that $1,237 (+/-$8) was an important NHN (Natural Harmonic Number). A break with strength to break out and above this level, is required for Gold to continue its high fly-ride to new higher prices. Failure to do so, shall bring in very sizable decline of at least 10-20%.  I shall post the price target later.

Please see the Gold update. I have enclosed weekly chart, to reduce the noise of the market gyration and to give up better perspective.

GOLD Market Update 08-23-10

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower

Gold gapped down today at the open and after dropping over $16.00 within less than couple of hours, it found a support a 50-MA and 21-EMA. However, it still formed a hammer near the recent top. Please see the attached chart.

GOLD Market Forecast Follow Up - ALERT

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Gold market had been in a bottom testing phase for last few days. Today it just broke below the recent low $1,175.80. If it is not a false break, where the stops are not being taken away and then rush to higher prices, (the only way to verify that is, the 2 hourly closes below or above this level), then Gold shall travel down to the levels as indicated on the chart. Today's time cycle has kicked in and started with a bang from Gold Market, and shall continue with its wrath manifestation to the other financial markets.

Current Market Outlook (including Gold, EUR, SPY, Financial Sector) 06-05-10

I commence with my humblest gratitude to The Most Benevolent, The Ultimate Knower of all, for all The Gifts and Love of Him.

Markets may try to hang onto something, but it shall fail, shall lead to lower levels. However, always be alert, as you have seen the volatility returned back to the markets, as previously warned in one of my posts. You shall notice a big gyration within a day or day after.

GOLD Market Forecast Follow Up

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GOLD has put in intermediate top.

GOLD Market Forecast Follow Up

I commence with my humblest gratitude to The Most Benevolent, The Ultimate Knower of All, the hidden and obvious, for blessing me the knowledge and ability to share

See the GLD for the update intermediate support zones

Gold Has Reached An Important Resistance Level, Thus Get Ready for Gold Correction - UPDATE

I commence with my humblest gratitude to The Most Benevolent, The Ultimate Knower of All, for the Countless Blessings and ability to share with others.

I have previously stated on May 09 (Sunday) that Gold Commodity is running high on thin air. Therefore, I would be NOT be long at this moment. I, rather, shall be looking for "Sell" opportunity. Today Gold Spider, symbol GLD, completed several of its Price/Time Cycles. Plus it has triggered natural harmonic numbers (NHN) cycle, too. Thus Buckle up and get ready for serious decline.  Click on the chart to enlarge.

GOLD Commodity Market Forecast Follow Up 03-22-10

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Gold Commodity Markets followed the forecast. down another 1+%.
Click on the Charts to enlarge. I shall be watching out for a potential (?) bounce up to the $108.00 range. I am watching smaller time frame (10 or 15 minutes) on the charts to give me the clue

Gold Market Outlook 03-17-10

Commence with Gratitude to The Most Benevolent, The Ultimate Knower for the Blessings and ability to share.

I just returned from a life transforming trip from New York. I am grateful to The Most Gracious for such a stupendous bestowment.

I just have look at the Gold Commodity Market and SPDR Gold Trust (GLD). It is probably developing a chart patterns, that foretells intermediate downside in gold prices.

The head and shoulders pattern is usually considered as a reversal pattern and it is frequently seen in uptrend. It is also most dependable when found in an uptrend as well. The market begins to slow down and the supply and demand are generally regarded in balance. Sellers come in at the (left shoulder) highs and the downside is prodded (starting a neckline.) Buyers shortly return to the market and push through to new highs (and thus forming a head.) Nevertheless, after the new highs, the downside price is probed again (and thus continuing neckline.) Cautious buying re-surfaces and the market rallies once more, but fails to take out the prior high. (This lower swing high is regarded as the right shoulder.) Buyers give up and the market tests the downside again. The trend-line for this pattern should be drawn from the beginning neckline to the continuing neckline. Volume has a great importance in the head and shoulders pattern than other patterns. Volume usually increases as the price moves higher on the left shoulder. Though, the head is formed on reduced volume indicating the buyers are not as forceful as they were earlier in the uptrend. The last rallying attempts to form the right shoulder on even lighter volume, indicating that the buying has been exhausted. Then, new selling ensues. The pattern is complete when the market breaks the neckline. Volume should increase on the breakout of the trend-line.

Gold & Silver Commodity Market UPDATE 03-05

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Gold fell as predicted in the price and time, zones, as indicated on my previously posted chart. However, I have pointed out that we are at very important price and time zone. If we hold the 03-03 high, then we have a good sizable correction in Gold/Silver. I shall post the support zone soon, (I have posted for GLD previously). If the 03-03 high does not hold then the opposite is true, i.e. we ought to look a high and for next target equivalent to the previous highs.

Gold & Silver Commodity Market 03-04

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Gold and Silver Index XAU, has not been able to clear, as illustrated in my previously post chart, the resistance set forth by the price/time cycle angles. GLD has also traded within the target prices. I believe that yesterday was the day, when time cycle has  triggered the price cycle on the hourly chart. Thus it shall create the change in the trend.

Gold Market Update 03-02

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Gold after stalling yesterday, at the predicted high price zone, has bounced higher today. Does that the time cycles, which I was anticipating to create the change in the trend, created an inversion in the time cycle. If it is an inversion then, Gold is heading higher.  I am neutral at the Gold, neither long or short, at this time and price juncture.

If Gold does go higher then, I have outline higher price targets.

(updated at 12.03 PM) I just looked at my time/price cycles tool (as you know, I am travelling), Gold is shooting for a higher target. (a commenter asked, if I was wrong? Of course, I was wrong yesterday.) To be wrong is reminder of the fact that I, being, a human shall err, sometimes. However, important thing to recognize it in time and strategies accordingly. Please see the attached chart.

Gold Market Update 03-01

Commence with Gratitude to The Most Benevolent, The Ultimate Knower, for His Blessings, and ability to share.

Spiders Gold,  GLD, near the predicted level on Friday. That proved my assumption to myself that either Friday was the high for GLD (and Gold) or it may try to make higher high on Monday. Nevertheless, that shall complete GLD current time and price cycle. (unless I am wrong). Today high (if Friday was not the high) numbers are $110.02 and or $110.38.  and lower targets are $108.78, $107.38, and $106.62.

Currently, I am away from my home town and visiting Hub of Financial Markets City, New York. Therefore, I might not be able to post detailed analyses of the markets.

GOLD Market UPDATE 02-26

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I am in process of writing a detailed time and price analysis of Gold Commodity Market. However, meanwhile, I believe GLD and gold are going to make higher high today than yesterday, i.e., $108.98, and or $109.33.

GOLD Market Forecast Follow Up

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Gold is continuing its journey at the roads along with the bears. It has approached upper band of my previously predicted level of support. GLD low of the day, thus far $106.60 and then rallied up since gap open. GLD is at very critical level. I shall posting an analysis of the Gold Markets today, which shall outline the potential future moves.