I had forecasted to watch out for time cycle of 01/04/11. Today Gold has dropped over $38.00 or 2.75% in one day. Oil has dropped over 2.5% and other indices are down, as well. Time Cycle rule the financial markets.
Are the markets going to continue their, high flying journey, to even higher targets??........................ Failure to have a serious correction in November/December, has put a lot of pressure on the markets, according to the time cycles. Markets may jump up for next couple of days, as previously suggested up-to 01/04-01/05, but if they start showing the weakness, from the first two day, then all bets are off. January month could be very tough for the markets.
There is cluster of several mathematical time cycles including 30, 180 days, Mercury mathematical time cycle, due in the first week of January. and Its manifestation could start earlier than 01/04!!!! (we have already hit a profit target for S&P previously shown on 12/27/2010, see the chart below)