Stock Markets Forecast Update

Market Forecast 12-01-11

I commence with my gratitude to The Creator

I had forecasted on 11-28, "time cycle of next CIT date, which is 12/01, then market shall turned lower to next time cycle of 12/08-12/09"

Well, Price has gone higher to next NHN Number resistance. of $125. and it is happening at the juncture of time cycle of 12/01, thus reversal is imminent.

Stock Markets Forecast 11-28-11

I commence with my humblest gratitude to The Creator, The One Who Knows it All

I want to pay my gratitude for all of your well-wishes and warm feelings sent over to me during my time off
I am finally settling down after long-distance relocation from California to Chicago area. (my motherland, first or second, I have yet to decipher). Internet was turned on a couple of days ago.

During my absence or 30 days or so time off from the markets' scene and activity, it seemed not much has happened or it happened as I had expected. See my forecast around the time of August 8. When markets were dropping hard, I had predicted a rally back to higher levels then of those of Aug 8th and I gave a price target of 12,000 for Dow Jones Industrials. Well, we did achieve that level, while I was away. Nevertheless, my forecasts came to fruition.

Now let's look at the current picture of markets.  Markets have failed at the critical price and time levels, thus triggering a weaker outlook for the markets (unless, I am forced to change my perspective).

Markets Forcast 11-28-11 SPY chart

I foresee markets leading higher up-to SPX level of 1,200 or even 1,220 (once the resistance of 1,198 is blasted through). If said level is achieve within the time cycle of next CIT date, which is 12/01, then market shall turn lower to next time cycle of 12/08-12/09. and thus retesting the lows (or higher band of the lows) set back in August of this year.

Price target for SPY is $122 and next time cycles are 12/01 and 12/08-12/09.

Stay tuned for detailed forecasts and analyses of  Stock Markets, Commodities, such as, Gold, Silver, Crude Oil and Some of favorite Stocks, such as AAPL, GOOG, NFLX, GS, etc.


Happy Trading.

Stay Tuned - For Important Analysis - on the Blog Next Week

ON The Move - Relocating (back) to Chicago-land Area

I commence with my gratitude to The Creator

I am getting lot of emails, about the absence from daily postings I have done for last several years.
Thanks for all of you, who have shown concerns for my well-being!

Due to inevitable reasons, I am in the middle of long distance relocation (back)  to Chicago area from California, therefore, I am taking a break to settle down and to re-gather and rejuvenate.

It's interesting to note that I have moved from Chicago 4 times, only to have move backed to the Chicago area, within last 23 years.

I'll shall be back soon! I miss you very much, too!

Stock Market Time Cycles Update

I begin with my gratitude to The Creator

 Market did spend most the day under the red line on Friday due the time cycle come on said day, as forecasted. However, the next trading, said time cycle of Friday was trumpeted by the time cycle which is due between Tuesday and Wednesday. Time cycles act the attractor and repeller. Therefore, markets either rise or fall into the time cycles date, and only to reverse the previous trend. That especially have the stronger effect, when time cycle align up, with price cycle, such as presented by a duiker or resistance. Well, Stock Markets have risen into the potentially string resistance level of 1,195-1,203 area for S&P-500. Therefore, a change is expected between now until Wednesday hours of trading.

Stock Markets Forecast Update 10-6-11

I commence with my gratitude to The Creator

S&P-500 ETF (SPY)
Daily Chart Forecast 10-6-11

I have not been feeling 100% healthy, that is why, you have been seeing slim publishing of the market commentaries.

Nevertheless, watching the markets on daily basis, is my routine.

Tech-heavy NASDAQ ETF, QQQ
Forecast 10-60-11

Financial Sector Daily Chart
Forecast 10-6-11

I foresee another leg down starting as early as 10-07-11. Please see the charts attached herewith. One is QQQ, which tech-heavy Nasdaq-100 ETF, second is the mirror ETF of S&P-500, namely, SPY and thirdly, is Financial sector ETF, called, XLF. All charts portends another fall, as all charts showing the markets rising up-to the resistance of downward slopping trend-line, thus making bearish flag, pennant. There is gap down energy, level as present at the closing prices of the today. Last two days rise, has been on decreasing volume.

Based upon weekly time cycle, it seems that correction is not over until minimum of November 25 week. Further continuation of sell-off shall take it to the 12/16 or 12/25 week.

Stock Markets Update -ALERT

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Markets have continued to slide further, as forecasted in my very last post. However, there are going to be stops on the way. One of the strong supports is 1080 level for the S&P. It is a strong harmonic number

Stock Markets Update 9-28-11

Stock Market Forecast 9-29-11
S&P-500 Chart

I commence with my gratitude to The Creator

Stock Markets have come hard, even in the face of the good news, from Europe and US job market. This is what time cycles are supposed to do. Time cycles create the swing, the change in the trend of the markets.

Stock Market Forecast 9-29-11,
NASDAQ-100

Nevertheless, Stock markets are at very peculiar juncture. Although, stock markets seem to have found support, which they must not violate, in order to start the rally and another leg up. However, one thing ought not to be neglected. There are couple of chart patterns being developed on the daily basis, which portend a potential for failure of support. But, the chart patterns have been known to fail, too. Is this that event, when they would not manifest? Only time will tell, however, based upon time cycle, it is more likely that markets shall find reason to rally.

On the other hand, we know what will happen if the current support levels fail, we shall see a water fall, quick and sharp decline. Why, because, when market does, what was not expected of  it, everyone runs for cover and of course, sell in a rush, thus creating a sharper and faster declines of the prices.


For S&P-500, the 1,015 area would be first target, if market fail to keep the current support.

PS. Lately, I have not been feeling very well, therefore, that is why, you have been seeing lighter side of my publishing until, I get better. (please keep in your good wishes)

Stock Markets Update - ALERT

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I think, stock markets have done, what I have been anticipating, a retest of lows of 09/22.

I think it was a successful retest, which held the lows of 09/22. This retest was done by different indices. One was NASDAQ Composite and Russell 2000 Index, among others.

I'll post the charts later to illustrate.

Stock Markets Update

I commence with my gratitude to The Creator

I have been asked questions about my most recent post. I think, I might have not been clear enough.

What I stated was that, I expect a CIT on 09/27 (or 09/28 the latest) which will cause the stock market to retest the recent lows. I think we already had started the CIT on 09/27 in the afternoon. That retest, is very likely to happen sooner than most think. 

Important Price Levels to Watch: The Most recent low (on 09/22), of Dow Jones Industrial and S&P-500. 

Once These lows are not violated and they kept their support, then we shall experience a rally, which shall last several weeks, at least 4 weeks. 

However, if these lows give in then the BOTTOM shall fall off and Markets shall dive into downward spiral, sharply and very fast.

Stock Markets Forecast 9-26-11

I commence with my gratitude to The Creator

Markets are in the process of finding the bottom of recent swing and potentially a rally of several weeks, to commence shortly.

There are two time cycles coming in on consecutively 09/27 and 09/28. Thus, these dates are going to be very sensitive days for the financial markets as a whole. We shall have very volatile days within next 2-4 days.

I foresee one of these two dates (most probably, 09/28) the swing CIT date. That means that we shall have a retest of the 09/22-09/23 lows and then a sharp rally.

Stock Market Forecast of 09/23 Update

Market Forecast 9/23 Update Europe

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On morning hours of the 09/23, my forecast stated the following, "Stock markets are dropping into the time cycle. .... That would mean a swing low, being today or maximum by Monday."

Market Forecast of 9/23 Update US

Well, on 09/23, markets were able to eke out small gains. However, today, markets have rallied sharply

Once again , forecast comes to bear. Thanks Almighty!

Gold and Silver Forecast Update

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On September 14th, Forecast, stated the following,

"important support at $1,818, It has tested this level several times, within last few days. That support finally gave in. Failure at this level portends, the bigger decline at least $210 from the current level (up-to $1575 level), I have talking about in some of my previous posts. First support after $1,795 (another very important area of support) gives in, shall be at $1,707 area, before it goes down to $1,575 area/ Silver shall follow the leader, the gold."

Today earlier, Gold hit below the $1575, important level, to take out stops and then rallied hard as much as $80 from the lows of the day.

Gold and Silver Forecast Update

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I had alert the subscribers to the trading alert service to stay short on both metals, even, after the silver hit the 7 months low.

Well, both precious metals, are not as precoius since 09/23, as they continued the decline. Silver has hit as low as $28.

Any question about the quality of forecast?

(For inquiries, please send an email to Trade.N.Harmony@gmail.com).

Silver Hitting $30

I commence with my gratitude to The Creator

I had said to the subscribers in July when silver really breaking out of the base pattern, after it dropped 34% (which I had forecasted, too) that first, silver shall see  price of $30, before it ever goes back to the $50. Because Media started fooling public that Silver is going back to the $50, as gold started breaking out the high prices set on  May 2nd.

Gold and Silver Forecast Update dated 9-23-11

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In my previous post, I stated, when gold did fail to recover the $1,818 level (and failed also at the $1,785) then my bearish chart took over. Where I had stated that Gold would tumble, at least, it keeps failing to find the support at $1,785, "LAND IN THE SAND", and I further forewarned to watch out for downside of at least $180-$210.

One of my subscribers/students, once asked me about Silver when it started rallying in July. I told him that Silver hit $30, before, it go back to the $50 level.

Stock Markets Update 9-23

Commence with gratitude to The Creator.

Stock markets are dropping into the time cycle.
That would mean a swing low, being today or maximum by Monday.

Crude Oil Forecast Update

Crude Oil Forecast 9-20-11

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I have shown the following chart with forewarning that there is more downside in the Crude oil.

Crude has dropped over $6 since then, i.e., 7.5% in less than 3 days.

Gold and Silver Forecast Update

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I commented in my last forecast and analysis and underscored as following,
"Both metals are about to break out to the upside, as long the level of $39.50 for silver and $1,800 is held for gold. "

Well both metals failed to keep the support, thus imminent was my previous post, when the gold broke the $1818 level and I had shown that said level is very important and failure at these level always portends a decline. So got the decline. and of course in a big way... ....

Stock Market Forecast Update

Copy of Forecast of 09/16 swing high

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Results of the Forecast of 09/18
SPX Chart

WORLD's Financial Markets continue their slide, according to my forecast. As a matter of fact, Friday 09/16, high was the SWING high, as it never got violated intraday or closed price, basis.
US Markets have dropped 8.50+% and other markets around the world have dropped as much as 14% in some region, since the swing high on 09/16 (or retest of Friday's high on 09/20).

Time Cycles rule the financial markets.

Stock Market Forecast 09/21/11 (and of 09/18 Update)

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Stock Market Forecast 9-21-11
- S&P Chart daily

On 09/18, I have stated that Friday was the swing high. So, it was proved to be so, as it reached the price level within the time cycle of reversal. Market (or manipulators) tried to fool the investors, by testing the high once again on Tuesday, making it look like, as if market is going to shoot to the moon now. But, of course, that was a fake move. Stock Market did never go higher than my time cycle high. Market has come down to the test the  lower band line of bearish flag, the chart, I posted back on 09/13.

Once the market breaks below the 09/21 close (which it will quite easily), then look for lower profit targets as shown in the chart, attached here.

Crude Oil Forecast 9-20-11

Crude Oil Forecast 9-20-11

I commence with my gratitude to The Ultimate Knower

I will let the readers of my blog view the copy of my recent update for Crude Oil Subscription Service.

Below is the copy of my elite subscription service for Crude Oil and it is being published once again FREE of Cost for Now, to let more avail the opportunities. (For inquiries, please send an email to Trade.N.Harmony@gmail.com).

Crude Oil was pushed down from the time cycle of 9/16, once it hit the price cycle for reversal as well.

Crude oil has come down over 4% since 09/16 time cycle.

Crude has more downside, as long it stays below the lower band of the orange arrow line,

Next time cycle for change is on 09/23

Gold and Silver Forecast 9-20-11

Silver Forecast 09-20-11

I commence with my gratitude to The Ultimate Knower

Gold dropped as I stated in my last week forecast, however, it found the support just in the area, below my important level, $1,785. Areas between $1,818 and $1,785 have been acting strong resistance and support. Both numbers are NHN Numbers.

Below is the copy of my elite subscription service for god and silver and it is being published once again FREE of Cost for Now, to let more avail the opportunities. (For inquiries, please send an email to Trade.N.Harmony@gmail.com).
Next time cycle for CIT, is not until the weekend....!

Gold Forecast Chart 09-20

• Gold, after dropping below the $1,795, according to my forecast, tested the $1,785 and even $1,778 area. Once it settled down in said area, and regained the important level of $1,785, then rally was imminent. From there, it shot straight upto my level of previous support and resistance of $1,818.
• Gold have retraced back up the $1,818 area and retested the resistance and settled down around just above $1,800 area. 
• As long it stays above this area, this area shall act like a springboard.
• Silver also has found the support at the obvious level of support in just above $39.50 area. 
• Both metals are about to break out to the upside, as long the level of $39.50 for silver and $1,800 is held for gold. 

Stock Matkets Forecast UPDATE 9-17-11

I commence with my gratitude to The Creator Stock markets didn't follow the CIT of 9/15/11 or would it by +1 day. As there are time cycles ingress on 9/18 and 9/19, I think the weekend time cycle might have acted as attractor, thus making the 9/15 time cycle somewhat negligible. I know of some time cycles experts, who would take the median of two or more time cycles coming within very short period. Thus the median become 9/16 afternoon, therefore making the 9/16 close and/or high prices as the swing high. Thus the time cycle for change is valid and I expect reversal on 9/19 Thanks to active readers and showing their appreciation in comments section.

Stock Markets Update ALERT

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Today is CIT for stock market
Price also met it's maximum target

Gold and Silver Commodities Forecast 9-14-11

Gold Forecast Silver to Follow the Trend 9-14-11 

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Gold has broken the very important support at $1,818, It has tested this level several times, within last few days. That support finally gave in. Failure at this level portends, the bigger decline at least $210 from the current level (up-to $1575 level), I have talking about in some of my previous posts. First support after $1,795 (another very important area of support) gives in, shall be at $1,707 area, before it goes down to $1,575 area/ Silver shall follow the leader, the gold.

Stock Markets Forecast Update

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SPX bearish flag daily chart 9-13-11

SPX H&S pattern hrly Chart 9/13/11

In my last post, I stated that there are two case scenarios, with H&S pattern, markets gap through the neckline or markets find minor support at the neckline and then rebound a little.  Which markets chose to do so. Market has come up-to the 50%  of the last swing or the right shoulder. However, once the bounce fades away, markets shall drop and tumble hard potentially starting as early as 09/14. On daily scale, market is developing a bearish flag, and break through the lower support line is expected and minimum target is to retest the lows of May last year and even 910 area for S&P-500.

Stock Markets Forecast 9-11-11

Stock Market Forecast 9-11-11
SPX Chart

I commence with my gratitude to The Ultimate Knower

Markets have dropped as I had foreseen a Head and Shoulder pattern being developed on 0/9/06-09/07 when market was rising into new swing high, around said dates.

Market has dropped to the neckline of the said and now properly formed H&S pattern. Usually stock market has two options at the said level, find a minor support, only to fail immediately or just gap and break away from the neckline. If that gap occurs, which is very likely then, market shall drop at least 65 points to find another technical support at the 08/08 week lows.

Stock Markets Forecast of 09/07/11 UPDATE

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When stock markets were rising on 09/07, I had sent out n alert that the rise of the market is done now and it WILL a reason to trend down from then. Turned down, did occur, as a matter of fact, that day was the high of the recent swing. Market next day closed lower and today all markets around the world are sharply down. Markets are down 2-4.5% all across the world's major exchanges.

News could have come from anywhere. It is the time cycles which rule the financial markets. Once again forecast came to the fruition.

Stock Market Forecast 9-7-11

Market Forecast 9-7-11 -
Chart Hrly IWM - 

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Since my last forecast of the stock markets, markets have dropped fast around the world. However, since yesterday, markets are experiencing a reactionary rally. Which is a natural process.

Market Forecast 9-7-11 SPY

Markets have risen into the price levels, which offer resistance and today and tomorrow are the CIT, turn dates. Therefore, markets shall find reason to turn down from here. Furthermore, it seems that market potentially is making a H&S pattern.

Stops are just above the HOD (high of the day).

Fall of An Empire - Height of Crookedness Among US Financial System

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In the past, I have published my concern that why US is loosing her status of World superpower and I believe that it has already lost it. It has been challenged in any serious way yet, economically and otherwise.

Why $200bn in US trades are failing each day. According to a report published in Financial Times, yesterday. Please read the quotes from the Financial Times report.

"$200 billions" is a big number. Yet it is also the number of trades failing to settle on average per day in the US market. The equivalent figure for Europe is unknown – highlighting what some say is a worrying hole in the back office of the world’s financial system.

Such so-called settlement fails – where one market party fails to deliver the security or cash it had promised to send to another entity within a specific time frame – rarely garner much attention outside of the back offices of banks and investment firms.

But a gradual spike in failures over recent months in crucial liquidity markets such as “repo” is raising concerns among some market participants.

This persistence of settlement fails, despite US government actions to deter them, has led some commentators to conclude that banks might be purposefully failing the trades as a way of dealing with financial stress. The concern is that continued high failures could cause instability in the plumbing of the world’s financial system, and sow confusion over who really owns which assets.

“Trade settlement is what converts market liquidity into actual cash liquidity for firms and capital markets,” says Fred Sommers, a back office specialist at consulting firm Basis Point Group. “You wouldn’t buy a house and show up on closing day, take title, rent out the house and collect the rent, all before paying. Yet that’s what’s happening every day in the financial system.”

Settlement fails are a particular issue for the world’s repo markets, where banks borrow trillions of dollars each day through pledges to sell securities such as US Treasuries or mortgage debt in return for cash, and then “repurchase” these assets back at a later date. A typical “repo agreement” could see a large bank sell a portfolio of US government bonds worth millions of dollars, with a promise to buy the portfolio back in a week’s time. The initial buyer of the securities effectively acts as a lender to the seller.

A “fail to deliver” can happen if the seller does not hand over the assets to the purchaser in the agreed time frame, or vice versa.

The occurrence may sound rare, and likely to annoy those doing business with the bank in question, but it is a relatively regular market convention.

Gold and Silver Forecast Update

I commence with my gratitude to The Creator Gold is reaching towards strong support $1,790 (+/-$6) area which launched it's recent rally. Watch for it's support there. Although I believe it ought to offer strong support. And shall trigger rally.  However, Beware, Failure at these levels could trigger strong sell off. 

Gold and Silver Commodities Forecast Update

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Gold Forecast 09-06-11

I had alerted the subscribers to my elite subscription service to watch out for the hours of 1-4 am (NYC time) for reversal and strong move thereafter. So we got the reversal and fast one and came along the big moves,.

Gold did find the reversal in the time zone, as predicted in the weekly forecast and had dropped over $45 since then, and had experience strong big moves.

Gold Forecast 09-06-11

Please see the updated chart

Current levels of $1,870's ought to offer support, thus another long entry. However, failure at the level of $1,876 area, shall lead gold lower to the $1,836-$1844 area.

See the Forecast made earlier

SEE another chart, where it shows the upward channel. Finding support here and then bounce above the upper band, shall lead strong and VERY STRONG RALLY

$1,836 - $1,844 is strong support area, it must not be broken.

If gold pulls back to the test this area of support, then it is a good entry to go long again, with stop just below it.

Gold and Silver Markets Forecast Dated 08/29/11 Update

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On 08/29, my gold forecast stated that $1,795 is an important level, rather, it was named "line in the sand". Failure at level would have been devastating. and Support at the said level, once achieved, was foreseen and forecasted as to have given a "springboard" to the Gold Commodity to get another boost of energy and thus buying. There wasn't any news at that time, just the importance of price cycle and time cycle. Once price had held at the "NHN" Natural Harmonic Number of $1,795 level, and especially within the time cycle of 08/30-09/01, then the rally was expected and the rally we have had in the precious metals.

Now, Gold is ready to eclipse the recent highs at $1,919 levels, as stated in my said forecast, "if this level holds, then gold shall lead higher than recent highs."


NExt price resistance levels shall be published in future posts, but they are not very near. ;-)

Stock Market Time Cycle Forecast Update 9-1-11

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

In my previous posts  dated 08/26 and dated 08/30 (click on the dates (links), I had forecasted to be ready for a reversal/decline. Markets did exhibit a pattern, called "Lost Motions", a term coined by W.D. Gann, where market just peek a little higher or lower than expected price levels or time reversal levels. Stock markets were timed to start the reversal on Aug 26 or Aug 27. Instead, markets edged higher a bit more, the next day on 08/28 and then started reversal the same day. Price levels were exactly what you would have expected to have offered the resistance. For S&P-500 it was $1,200 (+/- some change), which also coincided with price level of 08/16-08/17 highs. S&P-500 just lingered a few points higher than 08/16 highs. Heavily Tech-laden NASDAQ Composite which suffered the biggest decline in the August, had to show the law of Nature, i.e, the reactionary, the biggest rally. Therefore, it had eclipsed the highs of 08/16-08/17, only to fool the retail investors, when it was attracted to the prices at the the neckline of recent H&S pattern and where it was rejected.

Stock Market Forecast 9-1-11,
Nasdaq Composite Chart

I believe that it was the text-book rejection at the level, especially its occurrence within the orbs of the time cycle for reversal. Thus, markets are going to have another leg down, as previously stated in my other posts earlier.

As a matter of fact, September and October may present themselves, as more painful for the investors, and traders. As this time period portends rather higher volatile time period for the stock markets, especially after such extremes levels of credit, liquidity, and sovereign debt problems around the Europe.

Stock Markets Update 8-30-11

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I think stock markets are walking on very treacherous lands (filled with mines), and ready to tumble down any moment. Markets have gone up into the price cycle (have filled the gap from the 08/17 area and are making a double top right now) and time cycle for change into the recent trend of the markets. Price actions are clearly of a topping pattern.

Happy End of Ramadhan and Happy Eid Celebration

Happy End of Ramadhan and Happy Eid Celebration

Courtesy of 123greetings

Gold and Silver Markets' Forecast Update

Gold Forecast Update 8-30-11

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Gold has reversed from the $1,840 area and came back to the test the support at $1,795 area. "This level is the line in the sand." Either it must give support or fail and then fail miserably. It seems that it could be failing to hold. Failure at the level shall start to create a Head and Shoulder pattern. Full manifestation of this pattern shall lead gold lower by at least $210-$240. (Reverse shall be true, if this level holds, then gold shall lead higher than recent highs.)

Gold Forecast of 08/25 Update

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Gold forecast of 08/25, update

On 08/25, I have stated the following possible case scenario, "and strong and decisive close above the $1,795 shall re-ignite the rally". and published the following chart, please click on the link.

Well, thanks to The Almighty, green arrows depicted the exact move of the Gold commodity, It got resisted at $1,795 area, then pushed back to the $1,760 area.

Then after the successful test the support at $1,7960 area, gold bounced off and rallied higher to $1,795 and thereafter, surpassing it and leading the $1,840 area. That is another $80 move expected by my forecast, have come to the fruition.

Stock Market Time Cycles Update

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Stock Market Analysis-
Forecast 8-25-11

Well, stock markets have done, what was expected and forecasted of them. Gap from the 08/17 area, has been filled, and it is happening smack in the middle of the time cycle for the change in the trend. Price objective has been achieved and Time Cycle has arrived to create a change in the trend.

What is the most likely thing to expect from the markets?....

Gold Commodity Forecast of 08/25/11 Update

Gold commodity forecast of 08/25
Update

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Yesterday, I had alerted that, "Failure to break below this area of $1,761, means that there are some bulls around and want to aim the $1,795 area"

Well, today, Gold just did that. Gold has come up-to these NHN numbers. Why did it not try to reach other number?

These NHN Numbers are important part of the puzzle of Financial Market Time and Price Cycles, by which the markets are ruled by.

Gold and Silver Markets' Forecast Update

Gold commodity analysis 8-25

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Current price level $1,761 has been the Previous support and is now resistance area.

Rejection at this level is likely, it is 1/3 of the recent price drop.

Failure to break below this area of $1,761, means that there are some bulls around and want to aim the $1,795 area

Gold and Silver Markets' Forecast Update

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Gold had a false break of the support at $1,718 area and then bounced off from $1,703 level

Gold Commodity
Forecast 8-25-11

Resistance levels $1,763-$1,770 and $1,782-$1,795

Failure to recapture the $1,795 shall trigger another sell off

and strong and decisive close above the $1,795 shall re-ignite the rally

Failure at the $1,762-$1,765 level would show that Gold has stronger weakness at these level and would trigger a sell-off right here.

Next time cycle to watch out for CIT is on 08/26 - 08/29 (Friday/Monday)

Gold and Silver Markets' Forecast Update

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Gold Forecast of 8-23-11 Update

Gold has fallen hard, as expected and forecasted by me. It triggered short swing trade, once, it broke below the $1,752 level

Gold Forecast 8-24-11

Gold may find a support and littel bounce at the current level of $1,750 area . It might rally upto the $1,790-$1,795 area. and Failure to close successful above this area, shall trigger another round of sell off, and sell-off could range between $100-$180 .

Silver as stated in my last update, as been laggard, and is just following the lead of Gold

Upon failure at the current price levels and or after small relief rally of $33-$48. Next price targets $1,685 area for bounce and then down to $1,630 area.

Gold Drops 5.6% on The Worst day since March 2008

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Gold dropped 5.6% since breaking the very important support level of $1,852, as predicted by me.

Gold Forecast (Silver Forecast) Update - I Predicted Drop and Short Trade!!!

Gold Forecast 8-23-11

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Reaction of Gold after Forecast

Yesterday's morning, I alerted you to short trade and drop in the Gold Commodity, if it breaks below the $1,852, a very important level. As you can see from the chart attached here $1,852 level was tested several times within 24 hours, as support and resistance, then Gold dropped like a rock.

over $96 within one day, since the break of $1,852.

Stock Markets Update ii 8-23-11

I commence with my gratitude to The Creator

Markets have rallied another leg up in after lunch hour, and coming right up to the gap open level of 08/18. It is also the 50% retracement level from the high of 08/17. Market sometimes, tend to fade or fill the gap (full or partial), however, it is very likely to pull back now. It is just law of nature.

Market Forecast/analysis 8-23-11

Nevertheless, we ought to cognizant of two possible case scenarios.
1. Has the market bottom on 08/22 time cycle?... and this price level was retested on 6 different trading days. If that is the case, then markets need to over the resistance of 08/16-08/17 price levels
2. The market is experiencing the bear market rally and then shall drop like the rock again after fooling lots of retails buyers.

I feel that it is the second case scenario. Even if market tend to consolidate in the area of 08/17 highs, it shall end up forming a right shoulder, which would be spanning from April 2010 highs, with neckline in somewhat diagonal ascending from lows of Summer 2010

Stock Markets Update 8-23-11

Stock Market update and Forecast 8-23-11

I commence with my gratitude to The Creator

Markets have rallied exactly on my time cycle of yesterday (08/22) and have now reached the price levels, where we shall see the "b" wave, i.e., a pull back. Therefore locking in your profits of the long trade is advised. If the rally is to be continued, (which has the higher probability then, we shall the "C" wave starting after a pull back)

Gold and Silver Markets' Forecast Update

I commence with my gratitude to The Creator

The Gold price level of $1,852 is very important. Break below this level, shall trigger a swing short trade.

Silver Market Forecast

Silver Commodity Forecast 8-22-11

I commence with my gratitude to The Creator

Silver finally got over the resistance and is aiming for higher price targets, thanks to influx of money going into the Gold commodity. People are looking for alternative cheaper precious metal.

However, based upon the recent move in the precious metals, it seems that Silver is going to experience another serious reversal.

Next price targets are $45.6 and $46.10 to offer resistance. Silver next time cycle for resistance and reversal is 08/26 and up to 08/29

Gold Market Forecast Update

I commence with my gratitude to The Creator

Once gold passes the resistance level of $1,995 (which it will soon, most probably today), then next targets are $1,920, 1,939, 1,958, $1,976*, $1,997**. 
These shall offer resistance. Next time cycle for turn is on 08/26-08/27

Gold and Silver Markets' Forecast Update

I  commence with my gratitude to The Creator

Gold has been following my forecasts to the letter.

Friday, Gold reversed from $1,872 predicted level for reversal and traded down to $1,840's and then an alert was issued to go long again just before the end of the day at $1,840's range. It went to my target price area of $1,890 and it reversed when an alert was issued for reversal. These were over $300 moves ranging within last one week.
A long alert was issued previously, when gold was at $1,590 area. (see previous posts)