Financial Markets Outlook - Update 08-17

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower

Click on the chart to enlarge

For each forecast that is given FREE to all of my readers, what is expected is that you use your trading common sense, plus the rules of trading taught in several other posts, about entry and exits. For example an analysis like that recently for AMZN could not turn out as we expected. I always teach the "Expect the Un-Expected". However, if you look at the analyses, you are given certain levels where analysis shall be negated, e.g. in AMZN (Go back and look at the chart of AMZN), there were two stop-the-trade levels were given out. One was aggressive and other was for more conservative. Failure at those levels meant that there are other more powerful cycles are in effect and recent analysis was negated. If one is prudent trader then, he/she shall limit the loss at the levels given and let your profit run, once the trade goes in your favor, for the powerful profitable trades like RIMM, AAPL, GOOG and about hundred plus other trades given away.

Market Forecast Update 09-15-10

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knowing

Financial Markets are ready for a decline and more they oscillate within a day and stay within a price range, more steam is getting together for a strong move, thereafter.

Market Update 09-15-10 (GS Forecast)

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knowing

Markets have stopped trading higher, since my Forecast-ALERT issued on Sept 13. Plus, as some of the readers have correctly pointed out that we are getting a lot of wild-swings moves since the forecast prior to the Sept 13th.

Today Goldman Sachs (symbol GS) confirmed my analysis, not only GS shall head lower, it shall act as a leading indicator of the markets' direction as well.

Market Forecast 09-07-10 follow up

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Markets gapped and continuing the decline. Time Cycle which started with Crude Oil on the 3rd, got reinforced by the median of the strength of the several time cycles, over the weekend.

Market Forecast - 08-31-10, After the Close of Markets - Follow Up

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower for the countless blessings including the gift of knowledge and ability to share

The Forecast of "Time Cycles Squaring and Clustering, A Strong Move is Expected" - UPDATE:
With The Grace of Almighty, Markets followed the forecast exactly on the date predicted. It is again only due to His Blessings.

Previous Forecasts Updates (08-28-10)

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower

I have published these forecasts follow up on August 10th on both the market and RIMM respectively, and results have been quite impressing, only due to The Blessings of The Creator

and Results thereafter, only due to the Blessings of The All-Knower;

Current Market Outlook 08-26-10 - Short Lesson in Trading

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower. The words of following material is borrowed from the internet (Candlestickforum).

Downside Tasuki Gap

Description
The Downside Tasuki Gap is found during a declining trend. A black candle forms after gapping down from the previous black candle. The next day opens higher and closes higher than the previous day's open. If the gap is not filled, the bears have maintained control. If the gap was filled, then the bearish momentum has come to an end. If the gap is not filled, it is time to go short.

Criteria

1. A downtrend is in progress. A gap occurs between two candles of the same color.
2. The color of the first two candles is the same as the prevailing trend.
3. The third day, an opposite color candlestick opens within the previous candle, and closes below the previous open.
4. The third day close does not fill the gap between the two candles.
5. The last two candles, opposite colors, are usually about the same size.

Pattern Psychology

The Japanese put significance into gaps. When one appears in the middle of the trend and is not able to fill itself on strength the next day, the momentum is still in the downtrend. The bounceup day should be construed as being a short-covering day. After the short covering disappears, the selling continues.

Gap above the last candlestick bar, shall violate the pattern. Instead, it shall become another pattern, guess what?.................. Yes, you are right. "Island Cluster Reversal".
Please see my previous posts to refresh what does Island Cluster Reversal means, recent decline was started from it.

Current Market Outlook 08-25-10

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower

All Praises and Glory are exclusively reserved for His Gracious and His Magnificence. See the follow up of this morning forecast. Thank You My Creator, for giving me the ability to share your gift.

Market Forecast - UPDATE

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower of hidden and obvious

Markets are being controlled by my long term time cycles forecast. "I stated earlier that smaller time cycle shall attempt to create a rally." But I also added " Just remember one thing that every rally is a candidate for selling/ shorting, and or adding to the short positions." That rally MUST be considered a higher profitable and lower risk trading opportunity to short at better prices."

Market are (in some markets have already broken through) about to break through the support at the trend-lines as indicated in my previously posted charts

Market Forecast - UPDATE 08-17-10

I commence with my humblest gratitude to The Most Benevolent The Ultimate All-Knower

All of the forecasted price level have been achieved in one day. Do we have a reversal to the upside, and are we done with downside? Only time will tell, however, it must close the gap first to confirm that hypothesis.

Current Market Outlook For 10-16-10 - Update (2)

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See this morning's forecast and then results, Thanks Only to The Creator!
I shall be posting future time cycles to watch for reversals, and long term correction time cycle targets.

Current Market Outlook For 10-16-10 - Update

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower for the gifts including knowledge and then blessing with the ability to share with others.

Where and why the Smart Money is buying? Not in Stock Markets!!! Why? I shall discuss it later today.

Current Market Outlook - Get Ready for The Decline, I have been Warning about!! - Update

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower of hidden and obvious

Financial Market Forecast Update (08-05-10)

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower for the countless Blessings and ability to share

I have been asked several times to give future time cycle date, that how long financial market shall go down. So, please see attached the chart, which gives us the potential turn date in future.  Markets always follow certain geometrical and mathematical and symmetrical patterns. Based upon recent, we have potential dates in future, to look for bottom. (Right now, if you look at the chart, we are over-due for decline)

Financial Market Forecast (and Europeans') - Expect the Un-expected - Update 08-03-2010

I commence with my humblest gratitude to The Most Benevolent, The Ultimate Knower

I did go back and highlighted something in my August 2nd post, as of you have sent in questions, about my analysis of the markets. Plus you ought to read my charts, as well. The price action of Tuesday US Markets is important.

I have not removed my sell-off prediction, yet. It shall be voided once we clear the resistance, and test it as support and then rally at higher volume.

Monday's volume was one of the lightest volume (it was even lighter than Friday's sell off). Thus smart money wasn't buying on Monday. Plus price action of the most of the leaders of the market were not in tandem, with the market, thus divergence.

Financial Market Forecast (and Europeans') - Expect the Un-expected - Update

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower. He is The One Who Knows hidden and obvious.

I told some of my students on Friday that I was expecting the gap to occur on Monday. We did have the gap alright!!, but not in the direction of my expectation.

I never had analyzed the FTSE before, did my "Inner Higer Wisdom", and gave me a clue that I did not listen to?

Why was I asked to analyzed the FTSE from within?, and titled "Expect the Un-expected"?. Trade in Harmony involves being linked with your inner higher self. These were the clue for me (or from me), debt related news (HSBC started the rally in London)!!!

Now What!!. DJI entered my forecast of July 26th first target zone, when I was inclined bullishly. Does that mean we have strong bull market coming and we are going to top April 26th high, it is likely? If we continue this rally!!!

Market Forecast - UPDATE

I humbly commence with my gratitude to The Fountain of Infinite Mercy, The Ultimate All-Knower of hidden and obvious

Markets has sold since my forecast, thanks only to The Almighty, and it is supposed to get even worst. See the QQQQ chart attached herewith.

Financial Markets Outlook -- ALERT

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Markets have traded higher, since my last forecast. However, we HAVE A SERIOUS PROBLEM with the markets. Almost all the markets leaders are not trading higher, rather, moving lower. This is Bearish Divergence. Market is about to tumble. It further proves that the time cycle coming in tomorrow, as foretold in my previous post, has already kicked in its power and manifesting itself.

Therefore I have sold all of my LONG positions (of course, some with loss) and upon confirmation going SHORT is the best strategy.

Beware; Financial Markets Correction Update

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower of all hidden and obvious

Markets are at very important cross roads, although, I am seeing a very fast, harsh sell-off.
It is very prudent to be aware of the another possibility that July 1st low could have been last sellers' wash-out fake-out lower low and it was exactly 38.2% of the March 2009 low to April 26, 2010 high. And Friday's sell-off was another selling pressure to be released, before Market takes off to newer highs.

Current Market Outlook - UPDATE

I commence with my humblest gratitude to The Most Benevolent, The Ultimate ALL-Knower for the gift of knowledge and ability to share

Market is going up on balloon air, and overbought and for even a bullish case scenario, it has to retrace and make a lower higher to gain momentum and power to continue bull cycle (if any). Looking at VIX, smart  money started buying lots of puts, to create a green bar (while market price was moving up).
July 13/14th is a turn date. I expect first 2 hours to be the top, (The Creator is The Best Knower of All)