Financial Market Forecast 1-24-11

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

It seems impossible not to have some kind of correction. Even if the markets would be manipulated to go higher, without any fundamental or technical grounds. 

Inter markets divergences are every where. NASDAQ to Dow Jones Industrials to Dow Jones Transportation, to Gold. All of that, plus, extremes of complacency among the participants of the markets and financial media ranting of the bull market going to 1,500. We ought to get the correction any NIGHT. That is why I warn you not to go home with longs. Because, you might get up in a morning with big shock to your portfolio and senses. Stay in cash, or do some intra-day trading until the correction ends.

Financial Markets Outlook

I commence with my gratitude to The Creator, The Ultimate All-Knower

As previously stated in my other forecasts, of last weeks, that I expected the market to have a correction. Which started exactly withing the time band, I had predicted about.  Market shall test the 1280 area and then next areas to be tested are 1272, 1262, 1241-1242. Below that 1220 is very strong number and shall offer great resistance for Bears. More importantly than the price, is the time cycles. I think market shall continue to head down until the Friday 28th, or until the next week thereafter, which is 3-4th Feb. 2010. If price arrives earlier than the time, then we shall have reversal sooner the dates indicated above.