ALERT ALERT@! IMPORTANT SUPPORT OF NASDAQ GETS VIOLATED

Icommence with my gratitude to The Creator

Important support of NASDAQ Composite @2.900, which was holding up the markets till now has been violated.  If markets closed below that support level decidedly on close basis, then markets shall continue another round of selling.. That shall thrust the markets direction into an impending panic sell off from hereon...

THAT SHALL TAKE THE MARKETS DOWN TO NEXT TIME CYCLE AROUND 05/17-05/18
See the attached chart.

Stock Markets Forecast and Analysis (with the help of US Durable Goods)

I commence with my gratitude to The Creator

Stock Markets have experienced a gap up today, celebrating the earnings, despite the bad US data news.
It made me look at the US Durable Goods Chart (with the help of ycharts).

It is quite interesting to note that US Durable Goods and stock markets trends both directly related to each other. Therefore, it shall be prudent to watch the declining trend in the US Durable Good data. Please see the attached chart. US Durable Goods have been on the decline since Jan 2012. Taking the perspective of percentage decline during last recent 3 month has been more rapid than the percentage gain within last one year. If the same trend continues, then look for the stock markets to languish, too and stock market shall follow the pursuit. Reading below 200B, shall make the markets to nose dive, just like in the past.

Stock Market Update

I commence with my gratitude to The Creator.

I received an email, which required a clarification...

First question was about my repeating of the name of God in each of my public posts (as you don't know or see how I behave privately)

Well the answer is clear and very simple... Some understand it easily and some have hard time getting it why...?

I am not invoking The Creator's Name. I am merely offering my humblest gratitude for His Countless Blessings. and even if I do my offering of gratitude to Him all day and night, every moment of my life, it is still NOT enough. When I look at myself and around me, I am floored by His Bestowment of His Kindness upon me. How can someone thank enough to His/Her Creator? When we cannot even thank enough to the person, who helps us in our time of need or rescue. How can we be grateful enough to Our Creator... Hence, my consistent offer of gratitude... Why not publicly. He Blesses me (and all of us) publicly .....

Now about my perspective about the markets...

I have been bullish and still am in the sense that after a correction is completed, market shall go higher, than current price levels.

But read my disclaimer in the most recent post. It stated and I quote, "Based upon the time cycle analysis (of AAPL), if this forecast is correct, then AAPL shall stay low until 3rd week of July and/or shall find its final swing low bottom in the first week of August." I continued to state, "That means.... IF this is wrong, then I am dead wrong. ... But, what if, I am correct, then..... I must retract from my current bullish stance about the markets..... at least for now.... IF APPL forecast pans-out successfully, then, Stock markets shall fall at least 11% from its recent peak on 04/02. That means that S & P-500 is going to test 1,272-1,282 area..." End of Quote:

Above analysis is totally based upon outcome of the AAPL forecast and it dropping at least 30% from its top of $644...

I am expecting AAPL to drop severely within next month or so.... and if that does transpire, then stock market shall get also affected and shall experience and knee-jerk blow to its price... If does not .. Then my discovery of new time cycle of AAPL was incorrect.... simple....

Remain Blessed

Unusually Long Lunar Eclipse

I commence with my gratitude to The Creator

An unusually long total lunar eclipse will be viewable to much of the world, though not to the U.S. and Canada. The eclipse, which is the first for the year, will be visible from eastern Africa, central Asia, the Middle East and western Australia for 1 hour and 40 minutes, or the totality of the eclipse. The last time an eclipse lasted this long was in July 2000, when it lasted for 1 hour and 47 minutes.
Eclipse time: 06/15/ 1.12 PM, Los Angeles Time @ 24° 22' Sagittarius.

Financial Markets Update

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

I stated in my Friday's Sept 24th post the following, "Now the question is that, is the rally going to take the markets higher or just retest of the recent high. NASDAQ (and it ETF QQQQ) has cleared the resistance. However, SPY, SPX, DJ-30, DJ-Transportation, NYSE Composite and Russell 2K, has failed to do clear the resistance or have not done it yet. Monday is critical day, to prove any hypothesis of going further long until September 29 (or Oct first week) or the continuation of previous reversal.One point of caution, today's rally is lacking the volume." Therefore, as stated, today's price action is the most important for the determination of the health of the rally, if a rally started on 09-24th.

Now For Time Cycles: We have 09-29/09-30 and then 10-04/10-08. I shall prefer it to make a low on 09-29/09-30 and high on 10-08th time band. This shall satisfy my Crash case scenario. If we have the opposite, i.e., low on 10-08, then we have very strong rally in coming days.

Current Market Outlook UPDATE @ 12.33 EST

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

Current Market Outlook UPDATE

I commence with my humblest gratitude to The Most Benevolent, The Ultimate Knower of all, for the blessings of knowledge and ability to share (the next updated chart was posted 09.00 am PST)