Market Outlook - ALERT 08-31-10

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

Today is the last day of month, there has to be short covering, thus it may create a reversal pattern, whether a "fake" one or real one. Tomorrow price action shall tell. For now, it is prudent to watch these level to enter short or long

GOLD Market Forecast Follow Up

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

I had posted gold commodity forecast, in which, one requirement to break through level was either gap up (for GLD) or strong up bullish bar (as gold is traded 24 hours). Of course, we got the later.

GOLD Market Forecast Follow Up

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In my previous analysis of the Gold Commodity Market, I have pointed out that $1,237 (+/-$8) was an important NHN (Natural Harmonic Number). A break with strength to break out and above this level, is required for Gold to continue its high fly-ride to new higher prices. Failure to do so, shall bring in very sizable decline of at least 10-20%.  I shall post the price target later.

Please see the Gold update. I have enclosed weekly chart, to reduce the noise of the market gyration and to give up better perspective.

Current Market Outlook - Get Ready for The Decline, I have been Warning about!! - Update 08-30-10

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That was the headline of the forecast dated August 10th, 2010. Since then, we had declined over 700 points in the Dow and 90 points in the SPX, and 210 point in the NASDAQ. In the said forecast, I stated that we have a serious decline at our hand.

One of the favorite charts, W.D. Gann used, is the Weekly Chart. It clears the noise from the daily gyration and it is rather the 2nd most helpful chart in determination of the trend, if not the best one. Let's see the update of the markets with the help of the weekly charts.

Market Outlook 08-29-10

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Markets did find some support last week at the forecasted levels of prices and within the time cycle as expected. However, if the market does break below the $58.50 level then we shall even more serious decline, coming.

Previous Forecasts Updates (08-28-10)

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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 08-27-10 Update @ 12.31 PM PST

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Market rose, then dropped and took out the low of within last 3 days, and rising higher, again at the EOD.
It is happening within one day of time cycle ingress!!, Could it be a reversal to the upside?? To be prudent, no positions are held over the weekend.!!

Current Market Outlook 08-27-10 Update

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Markets have opened higher a few points as compared to yesterday's close. However have failed to violate the "Tasuki Pattern".

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.

Current Market Outlook 08-25-10

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

Markets found some support yesterday and today at the price level, watched by many and with lots of stops below it, which in return caused the buying at the said level. We may a rally up-to the levels as indicated on the charts. However, based upon the price/time cycles, markets are not done with the current leg of decline, and each rally shall be met with selling.

Some Previous Forecasts

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I was going through some of my notes and my previous forecasts.
Do you remember these forecasts on APOL and AAPL around 04-23 and 04-21 respectively. (click on the link to review the old forecasts)

Just Due to The Creator's Blessings, again the results have been phenomenal.

AAPL Forecast Follow UP

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

Thanks are entirely reserved for The Most Gracious, my AAPL forecast on August 10th, came to fruition. Second lower target was achieved today. See the forecast and results thus far.

GOLD Market Update 08-23-10

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Gold gapped down today at the open and after dropping over $16.00 within less than couple of hours, it found a support a 50-MA and 21-EMA. However, it still formed a hammer near the recent top. Please see the attached chart.

GOOG Forecast 8-17 - Follow Up

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GOOG had dropped over $35.00 since my forecast. Thanks only due to The Most Gracious, The Almighty

GOLD Market Forecast - Price Cycle Squared with Time Cycles, Correction Ahead!!!

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

Gold is following the financial markets, with some lag or lead time. Gold has been squaring its price cycles at the lows and highs. Based upon this recent high/low squaring, Gold has completed its squaring of its recent high, it confluenced within the time cycles band. Thus I expect a serious correction and/or decline in the gold price. $1,149 (+/-$8), is the first support zone area.  (Two consecutive closes $8 above $1,237 shall negate the recent time/price cycle squaring (which I doubt very much, but it is good to know our stop-out level).

Market Forecast - UPDATE 08-23-10

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Short position were triggered on hourly chart and daily chart, also. Today's low was lower than both previous bars.
Today, Market gapped up, and satisfied the rally requirement due to the time cycle ingress, and to start heading lower. 
As a matter of fact, today's range of the bar is 2% (on NASDAQ), from high to the low of the today's price range. 
I have entered short (puts) positions just before the market closed.

Market Forecast - UPDATE

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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

AAPL Forecast 08-21

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Current Market Outlook 08-21-10

I commence humbly with my gratitude to The Most Gracious and The Ultimate All-Knower for the countless blessings, including the knowledge and ability to share.

Time Cycles Coming In to Create a Bounce:
Market has been falling since my forecast from week of Aug 9th. As we know, nothing goes straight up or down. If we have price going in one direction, completely until a time cycle hits, then price ought to reverse.  Therefore, it is expected that markets shall find a reason to rally up (Time Cycles cause the news), though it shall be (ought to) short-lived (most probably up-to August 25th afternoon). I shall looking for the weakness from 08-24 afternoon. Just remember one thing that every rally is a candidate for selling/shorting, and or adding to the short positions, unless previous my stance of big correction and/or crash is proven wrong.

History Lessons and The Markets Part IV - We Have A Big Crash On Our Hand

I commence with my humblest gratitude to The Most Benevolent The Ultimate All-Knower of all hidden and obvious, The One Who Knows the past and what future holds.

History Lessons and The Markets Part IV - We Have A Big Crash On Our Hand:

As I quoted in my earlier posts, from Holy Bible, "What has been is what will be, and what has been done is what will be done; there is nothing new under the Sun" (Eccl. 1:9 RSV).

Holy Quran states, "and measured out stages for her (moon), that ye might know the number of days and the count of (time), (and) did Allah (God) create this but in truth, thus doth He Explains (details) His signs in details, for those who understand." (10:05)

Moon is mentioned in The Holy Bible 41 times, 32 times in the Old Testament nine times in The New Testament. Moon is mentioned 25 times in Holy Quran.

We have been asked by the Holy Scriptures, to look for signs and where to look for?, ....... around us and look for the evidence in time (in time, as nothing is created new), as time repeats itself, as seasons do.

How do we apply that to our lives, and particularly to the financial Markets.

The economic circumstances leading to the Oct 2007 financial markets top, resemble in great details with those of pre-1929 financial market top and market crash/panic thereafter. Not only that we have many other signs, acting as trigger points, that would have helped us conclude that we had market crash looming in October of 2007 (which I had forecasted in November 2007 in public forums, e.g., WITS, while others newsletters services (and VectorVest, IBD) and CNBC were screaming for DOW 19,000 and even DOW 25,000).

One of the important signs, The Holy Scriptures, allude to, is the moon. Combination of Moon and Sun is very important factor playing in our lives, and has been since the birth of the human race. Thus, Moon and Sun are very important triggering points, in determining an important turn in the markets as well.

We know that Markets repeat patterns, as nothing is new under the Sun. Therefore both of these planets, are the ones who refresh the memory of the markets, to wake them up to repeat the pattern. On September 3, 1929, the final market top, we had new moon and so there was on October 11, 2007 and recent top on August 9, 2010. We had full moon just after the April 2010 recent top of the market.

This, merely, is just the beginning of the similarities of the markets patterns of 1929, 2007 and post-crash of 1929 and 2007.

Just looking at these charts, another discovery of markets similarity is revealed. One of the most powerful market trend reversal chart patterns is "Head & Shoulder Pattern"

And Just as forgotten memory is revived by a certain event, therefore financial markets, too, require certain event to trigger market patterns and then have these patterns manifest the price action, noted as reversal, crash, and panics, etc.

During my research, I had discovered that each major (so are intermediate, and minor) top and bottom are connected with each other through many references and relationships. For examples reviewing the 1929, 2007 markets, reveal that one (event from the past and/or the future) of them triggered the other (in the past and/or future) and vice versa.

One of the most overlooked astronomical events is an "eclipse (lunar or solar)". In most of the cultures, they are denoted with great importance. On the enclosed chart, we can see that eclipses, solar and lunar, have acted as one of the triggering events for tops (and bottoms) of the financial markets.

Let us review, what cosmic planetary magnetic, repulsion and/or attraction energies were being triggered, thus causing great noticeable affects on the inhabitants on the planet Earth, and in return, human involvement and their reaction to their investments in the financial markets.

We are viewing the following events, from the Sun as center and as if being view from Sun (heliocentric). According to my research George Bayer used heliocentric astronomy/astrology and Gann in his last days of (his life) research, was using heliocentric perspective and its application more than geometric.

1. Saturn (on 09.03.1929) at 29 Sagittarius was aspected in conjunction by Pluto (of 10.11.07)
2. Mars (on 09.3.1929) at 25 Libra (ruled by Venus) was aspected in-conjunction to Mars (10.11.2007) at 24 Taurus (ruled by Venus) which was in applying conjunction aspect from exalted Venus in its natural house.
3. Saturn (from future market top 10.11.2007) at 00 Virgo, was applying in conjunction to the Neptune of 1929 market top.
4. Exalted Jupiter in Sagittarious (from 2007 Market Top) made a conjunction aspect with geocentric Saturn (1929 market top)

Now in August 2010, we are seeing again the similar chart pattern formation, which caused previous long term top for the financial markets and same are being activated by similar and like-kind astro-phenomenon.

Now let us look at the current astronomical events, which are being triggered by the cosmic phenomenon of 1929 and 2007 top of the markets.

1. 1929 Eclipse points (I use eclipse before and after the market top or bottom) at 1 Sag and 8 Sco. August 10, 2010, the recent formation of shoulder pattern, We have Exalted Mars at 6 Scorpio was triggered by the eclipse (1929, at 8 Scorpio), Mars made semi-sextile to the Saturn, which is part of the cardinal climax (Saturn square aspect to Pluto square to Uranus conjunct Jupiter (formation of T-square, just like head and 2 shoulders, Pluto head and Uranus (+Jupiter) and Saturn are shoulders, while it made got activated by the same time Venus Jupiter conjunction (of 1929 market top event chart).
2. Venus (8-10-2010) activated the Pluto from Oct-2007 top, and Saturn (from Sept-1929 top), all of them activated by the eclipse point at 29 Gemini (from Aug-2010).
3. Eclipse point (from Oct-2007 top) at 17 Aquarius activated the Earth (08-10-10) at 17 Aqu., and Uranus at midpoint of Earth (from 10-2007 top) and Earth (from 8-10-2010)
4. Eclipse point (8-10-2010 chart) at 18 Cancer activated Pluto back on 9-3-1929 and vice versa.
5. Mars (9-3-1929) activated the Venus Mars conjunction (from 10-11-2007) at 24 Taurus activated the Jupiter at 24 Pisces (8.10.2010)

Based upon the above mentioned events and more to be added later, I believe that financial markets are ready to start serious decline parallel to 1929-1932 market crash, or even more, once we break below the July 1st low.

(More is being added, I am still updating this .....It is work in progress being published!!!!)

GOOG Forecast 08-17

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GOOG has just completed a very high probability short trade trigger, it also completed a minor time price squaring. A break back above the 55th bar will violate the trade set up.

Market Forecast - UPDATE 08-17-10

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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 8-17-10

I commence with my humblest gratitude to The Most Gracious and The All-Knower of hidden and obvious, present and future, for the countless blessings and including the ability to share with others (You should share with others, if you think, it is useful to others!!!)

I had forecasted a time cycle ingress on Aug 16th. Did that create a reversal on 08-16? Very likely!!! Once we see that retracement up-to these price levels as indicated on the charts, then I shall look for the evidence of weakness on 30-min and 60-min charts to short again and or add to the existing shorts positions, if any.
Please see the attached chart for further elaboration; (I almost forgot to mention, (added at 6.39 am PST) For QQQQ $45.25-45.27 is also an important number to watch)

RIMM - Price and Time Cycle Complete - ALERT - Update 10-16-10

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RIMM Update:

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 For 10-16-10

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Markets are continuing to exhibit their inherit weakness now, once the fake outer shell are being broken-off.
I have forewarned to be short since August 06th, 2010. We have had started the said decline. We are to break through some important support levels to continue the journey on the short side of the markets. I shall be posting my long term analysis later on Monday afternoon, which shall outline future time cycles targets for the bear market continuation. We are easily heading to test the lows set forth on July 1st and then some, once that area is broken (8,800 area for Dow Jones, is one of the future price targets)!!!!