I commence with my gratitude to The Ultimate All Knower
Stock Markets around the world have rallied strongly, since my last forecast of 07-18. However, the rally is heading into the next time cycle due on Monday 07-25-11. Markets shall find a reason to pause, consolidate or experience some correction before leading higher once again.
Therefore, locking in your profits would be the prudent strategy.
Showing posts with label Market Forecast 7-11-11. Show all posts
Showing posts with label Market Forecast 7-11-11. Show all posts
Friday, July 22, 2011
Wednesday, July 20, 2011
Stock Markets Update 7-20-11
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| QQQ daily chart 7-20-11 analysis |
Stock markets had biggest gain of this year, at least for Dow Jones (202 points in one day).
Therefore, the next day after such a big rally, is usually shock absorption day and retails investors, locking in profits, thereby creating a pause. Which re-generates the buyers and cleans out the sellers, thus giving another run up to higher prices. QQQ came to touch all time high of this year and the last 10 years for that matter. Therefore, some sellers there, with sell stops to be triggered...... Market shall continue its rally!
Monday, July 18, 2011
Stock Market Forecast Alert 7-18-11
I commence with my gratitude to The Ultimate Knower
Although we are right in the middle of time cycle for change in the trend, (to the upside), however, certain price level must not broken. Recent low made in the last week must not be violated on the hourly chart. Market must not close lower than the lows of the last week.
Time Cycle is July 18th to July 21st, therefore there are 3 trading days, but it is highly likely that markets ought to turn now
Although we are right in the middle of time cycle for change in the trend, (to the upside), however, certain price level must not broken. Recent low made in the last week must not be violated on the hourly chart. Market must not close lower than the lows of the last week.
Time Cycle is July 18th to July 21st, therefore there are 3 trading days, but it is highly likely that markets ought to turn now
Sunday, July 17, 2011
STock Markets Forecast 7-7-11 Follow Up
I commence with my gratitude to The Ultimate All-Knower
US Stock Market have been trying to go down for the last 3 trading days in the previous week ending on 07/15. But every time, it peeked lower, only to have reversed its course back up by the end of the day or the next day. In each pull back of last 4 trading days of last week, markets held above and were successfully holding the key support area plus of 21 and 50-MA averages and another time cycle discovery of mine, which is a strong determinant of the support and resistance in longer term. Moreover, it is happening within the orb of time cycle for change in trend in the financial markets.
I believe that markets have completed the required correction and/or pullback, to give them the steam to go higher. Therefore, Market shall go higher from now on. However, keep it in mind that whenever, markets go into a new territory, they tend to become volatile at first, to clear the last uncertain participants of the markets.
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| NYSE Composite Chart Analysis 7-15-11 |
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| S&P 500 Market Analysis 7-15-11 |
I believe that markets have completed the required correction and/or pullback, to give them the steam to go higher. Therefore, Market shall go higher from now on. However, keep it in mind that whenever, markets go into a new territory, they tend to become volatile at first, to clear the last uncertain participants of the markets.
Wednesday, July 13, 2011
Stock Markets Update 7-13-11
I commence with my gratitude to The Creator
Sometimes, the answer is the simplest and obvious.
Market's very important and usual leader index, QQQ or NASDAQ could not cross the downward trend line which started from 07/07/11 high. Although other indices have been clear said similar overhead resistance. That is the reason, NASDAQ fell harder than other market indices. Market (NASDAQ) and SPY, the S&P-500 must overcome the resistances as shown on the attached pictures with gap above this level or with strong wide up bar.
Sometimes, the answer is the simplest and obvious.
Market's very important and usual leader index, QQQ or NASDAQ could not cross the downward trend line which started from 07/07/11 high. Although other indices have been clear said similar overhead resistance. That is the reason, NASDAQ fell harder than other market indices. Market (NASDAQ) and SPY, the S&P-500 must overcome the resistances as shown on the attached pictures with gap above this level or with strong wide up bar.
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| SPY Forecast & Analysis 7-13-11 |
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| QQQ Forecast & analysis 7-13-11 |
Market Forecast of 7-7-11 and 7-11-11 Update
I commence with my gratitude to The Creator
Financial Market have acted according to the time cycle forecast (of 07/12/), the change in the trend, CIT. And yesterday, it did find its low per time cycle and change in trend manifested. Therefore, look for the markets to keep rising till next time cycle date.
I do get some emails, people sending their technical analyses, and questioning my time cycle analyses. These emails, are not derogatory, just trying to discuss and finding my time cycle incomprehensible, as technical analysis told them that the correction or trend change has occurred on 07/11 due to the sell-off on the said date. Time Cycles shall always trump the technical analyses. Use of technical analyses is recommended only to verify the time cycles, not against it. One day sell-off of 07/11/11, was just to wash out the sellers.
Financial Market have acted according to the time cycle forecast (of 07/12/), the change in the trend, CIT. And yesterday, it did find its low per time cycle and change in trend manifested. Therefore, look for the markets to keep rising till next time cycle date.
I do get some emails, people sending their technical analyses, and questioning my time cycle analyses. These emails, are not derogatory, just trying to discuss and finding my time cycle incomprehensible, as technical analysis told them that the correction or trend change has occurred on 07/11 due to the sell-off on the said date. Time Cycles shall always trump the technical analyses. Use of technical analyses is recommended only to verify the time cycles, not against it. One day sell-off of 07/11/11, was just to wash out the sellers.
Monday, July 11, 2011
Stock Markets Update 07-11-11
I commence with my gratitude to The Ultimate KnowerMarket did receive the correction, which I was waiting (in either case scenario of bullish or previous bearish stand, and it also came after the time cycle of 07/08/11). US Stock Markets dropped and (looking at Standard & Poors 500) stopped today and closed exactly at the predicted level of 1,322 (+/-3) (which also coincides with 38.2% pullback and level rests at 50 and 100 MA's. It came down to test the support of this price level. Which ought to act as strong support. Violation of this level shall lead the index 12 points down to a solid support (which happens to be 50% retracement of the recent rally) of 1,307 (+/-) level. Which (or current, in the event of the market starts rallying from tomorrow, which is likely, also) shall create a very good buy point to enter long.
7/12 is a Cycle turn date, if doesn't create a change in the trend, then markets shall get into serious trouble.
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