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 Update 05-03

I commence with my gratitude to The Creator

Don't take DJI positive price, seriously. They are creating bulls-trap, before they dump it and sell it harder. Selling is the prudent strategy.

Financial Market Time Cycles 04/29/11 - ALERT!

I commence with my gratitude to The Creator

DOW Jones Industrials and SPX are about squared out in price cycles. SPX bear market close on 03/09/2009 was $676.53. 676.53 x 2 = 1,353.06. Today high was 1,364.25, which is close to my NHN numbers (1,362 and 1,366). DJI low 6,440 x 2 = 12,880.

It is all happening within time cycle for Change in Trend. I expect next week shall be down week and rather seriously down week. Even Whole Month would be Seriously Down, as Time and Price Cycle have been squared.