Financial Markets Outlook - 01-11-2011 - Market Patterns Follow Up

I commence with my gratitude to The Ultimate All-Knower

Market has blasted through the S&P resistance of 1,278.

In my yesterday's post titled "Financial Markets Outlook 1-11-2011, After the lunch update", I said, "Market is exhibiting a pattern, which is usually a signal that it would go higher."

In another post a bit earlier, I said, "IF the market does NOT BREAK DOWN now, then we are looking for (last 10 days of Jan to First Week of Feb) February and March for serious correction."

You know that you have to watch for my forecast, as My Creator's Blessings enables me to see through the markets patterns!!!

Financial Market Outlook - Based Upon Sixty Years Time Cycle

I commence with my gratitude to The Ultimate All-Knower.

In my previous post of long term time cycle, I referred to a 70 Time Cycle. One of the Gann's most favorite time cycles, to which he referred as the Master Time Cycle, which is 60 years time cycle and its division thereof. 

It can be interpretted in two ways, in my opinion.

For example, one way to look for a CIT or reversal is to look at 60 years from a Major top and bottom of the market. Another interpretation, I hold is that look for what occurred 60 years ago. Therefore, I went back and looked at the 1951. The market energy prior to 1951, also looks somewhat similar to the our current market, in terms of waves of energy. Such as, start of bull market after a bottom of 3 years bear market in 1949, and during said bull market, a big correction in June/July 1950 and market exceeded the top of the June 1950 correction, and kept going higher!!


If that postulation is true, then, I ought to be watching these time cycles as noted in the chart attached herein. 


If not exactly the same price patter, then time cycles noted here would bear great importance in the future. 
What does that mean for the market??!!!

Financial Market Update

I commence with my gratitude to The Ultimate All-Knower

Market gapped above the previous levels of resistance and off the support test of 1,262 (again) yesterday. Thus, once the levels indicated on the chart are clear, we are going to test the 1,300 level of SPX.