Stock Market update 6-13-11

I commence with my gratitude to The Creator

Nothing goes down or up without a pause. We are in the correction, most probably a new bear trend. However, Markets tend to move in zigzag.

The close of Friday (according to your own strategy) is the stop for longs entered on Friday.

If this rally is to continue (which I think it will) for next at least 3 days and unto 5 days, it may try to test the double bottom.

Market must not trade more than 2 hours lower than Friday's level (6-10-11), otherwise, rally would turn into a bulls-trap.

Remain Blessed

Stock Markets Forecast 6-7-11

I commence with my gratitude to The Creator

Markets are dropping as forecasted.
I am looking for a support at 1,262 (+/-6) area of SPX. When market reaches this level, look to lock in the profits, as markets are poised to go higher on Monday!

Stock Markets update

I commence with my gratitude to The Creator

You were alerted to sell/short at peak high of yesterday.

From the high of yesterday, market has dropped 1.5%+.

Stock Markets Update 6-9-11

I commence with my gratitude to The All-Knower

Markets have been down until, yesterday. Laws of Universe (Laws of Physics) dictate that there is always a reaction to an action. Thus today's reactionary rally. Any attempts at and below SPX 1,300 (1,292-1,298) must be sold, with very small stop just above 1,300.
1,300 is natural harmonic number and is strong support and resistance. Tomorrow shall be an opportunity to short again, if not today!