Gold and Silver Markets' Forecast Update

Gold forecast 08-03-11 results

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Gold Forecast 8-3-11

Gold Forecast 8-3-11

Thanks to the Creator, I was right on the spot about the gold and silver markets. Last night, I issued an alert to the subscribers when it was trading in the $1,655-1,660 range that Gold wants to go to $1,680, after which it reversed .

Stock Markets Update

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WOW, I must admit that I erred about the swing bottom yesterday.
It's Mercury Retrograde at full swing.
Markets find ways to humble any and all, regardless how insightful you might have been. As someone said, "everyone trips every now or then, but important thing is not to fall."

Gap down nullified any previous bullish stance.

I had ignored rather missed my own analysis of major H&S pattern being formed and also in this post. I had foreseen the failure at these levels, would take the SPX to 1,220 and lower area.
I was talking to a friend of mine from Midwest, over the phone the other day and reiterated the same thing what I said in the post a day (on 08/01/01) before that failure the levels would be devastating for the markets. As stated in my post dated that "Otherwise, Failure at these levels, shall be very ominous for the markets. and also that failure to follow the pattern, would only mean that, and borrowing the statement from my post dated 08/02/11 that "If that does not hold true in this incidence, then markets have morphed into a new time cycle pattern."

Reversal Pattern - Butterfly Pattern

Market Reversal Butterfly Pattern 8-3-11

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When a market makes a double bottom, in form of Gartley or Butterfly pattern, then markets are poised to run to the opposite direction with greatest probability.

Butterfly pattern is when market retraces to 'C', at least 61.8% (or 78.6%) of 'AB' and then rallies and makes a lower high and then drops again and this drop to point 'E' and it is extended up to the 127.2% retracement of 'AB' and it must also coincides with at least 161.8% - 223.6% retracement of 'CD' wave and at least 200% - 223.6% expansion of BC

Financial Market Time Cycles Update

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Today markets have come down to the time cycle of 08/03. This is a turn in the market now.
Gartly pattern was voilated, however, drop took the prices to the another pattern called "Butterfly" level. Extension of "DE" gets extended to '1/0.786 = 1.272". Which it did today.
WE HAVE PUT IN THE SWING BOTTOM TODAY!

Crude Oil Forecast 7-27-11 UPDATE

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Crude oil Forecast 7-27

Crude Oil Forecast Results

I had posted forecast and predicted the date of reversal of 07/27 about Crude Oil going to $94.00 (it was trading in $99.00+ range)  and even below to $92.00 and down to $90.00 area and the subscribers to my forecasting alerts subscription service were alerted for short trade set-up. It was once again another profitable week for the subscription alert subscribers.

Gold and Silver Markets' Forecast Update

Gold Forecast on 07/13/11

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Gold has surged to new highs in the history of Gold. And Silver has followed the suit higher, but as it has been lackluster, since, it had experienced 33% dropped from $50 high on 05/02/11 (which was predicted by me before it occurred).

Gold Forecast 8-1-11

Silver Forecast 8-1-11

I had also alerted the subscribers of forecasting subscription service and herein open post, about Gold reaching to new highs several times. I had recently alerted the subscribers yesterday that gold is going to test the new highs of $1,648+. Today gold has gone to test the $1,660 level.
For inquiries, send an email @ Trade.N.Harmony@gmail.com

Stock Market Outlook Within the Mirror of History

60 Year Cycle 1951-2011

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Markets have continued to drop into the support area, which also coincides with the H&S neckline,  (the chart posted here). I believe that neckline ought to hold, otherwise, it would be devastating for the stock markets.

Why the markets would go higher? Besides the time cycle alignment, let's look at the history and see if it gives us any clear indication.

40 years time cycle 1971

Major time cycle of the financial market is 60 years time cycle, besides the 40 year time cycle. My long-term bullish view of the market is based upon what occurred 60 year ago. In 1951, after reasonable correction, stock market rallied for anther year. Same price behavior occured in 1971. Ironically both years matched important lows and highs with the exact match within +/-1 day and sometimes to the exact same date. That is the reason, I believe that markets ought to find support now, as it being the first week of August and price is reaching to a very significant support levels. If that does not hold true in this incidence, then markets have morphed into a new time cycle pattern.

Stock Market Time Cycle Update 08/02/11

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With price dropping lower than the Friday's level, would take price levels to test the lows of 06/23 and or 06/16.  Good part is that based upon my proprietary time cycle generators, 08/03 (another date is 08/04) is the CIT date and it could manifest at (-1) interval. That could potentially change the whole scenario back to bullish.

Stock Markets Forecast/Analysis of 8-1-11 Update

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S&P-500 Chart Analysis &
Forecast 8-1-11

Markets are exhibiting price behavior, which is typical at the stage of (un)certainty and or at the level, where big change is impending. Markets, today, gaped up 1%+ and then reversed and gave up all of the gains and lost in the same proportion and then some, in some cases more than 1%. However, just before the end of the day stock market rallied hard to regain most of the losses and ended up a bit lower than yesterday.

That is lot of confusion, Right?
Well, to clear the smog (Californian term for smoke + fog), looking at the longer term chart, such as weekly, shall help us understand what the markets are trying to tell us.

DJI Analysis, Forecast 8-1-11

S&P-500 and Dow Jones Industrial are just hovering over or at 200 MA. That also coincides with the 2+ year upward trend-line from the bear market low. Furthermore, markets are evolving into a ascending triangle pattern. Momentum also showing the divergence. What does that mean with certainty? Well, nothing is certain in the Universe, except The Creator Who Created the Universe. However, we look for the highest probability  situation and then make an assumption based upon the previous experience and current situation's comparison with what occurred in the past. Please see the charts for the illustration/.
Conclusion: Markets ought to trend higher.
Otherwise, Failure at these levels, shall be very ominous for the markets.

Stock Markets Update 8-1-11

Market Analysis, Forecast 8-1-11, SPY Chart

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Markets shot up and then tumbled to retest the lows of 07/29, the Friday.

See attached chart, I believe that was the last of the sell-off, which was to wash-off last of sellers. The low of today must not be violated to keep the rally in force.

Stock Markets Update 7-29-11

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SPY Analysis, Forecast 7-29-11
Gartley Pattern

Stock markets have dropped into the time cycle of 07/29/11. Furthermore, markets price levels are making a special pattern, which was first discussed by W. Gartley. According to this pattern, when the second leg (DE) down has retraced down to 78.6% of very first rally (AB) up, and first leg down (BC) is 61.8% of the previous rally, then this pattern usually resets the bull market trend and usually it can be found at the beginning of 3rd wave of Elliott Wave's five waves pattern.
Therefore, as expected market shall go higher from here on!

Stock Markets Forecast of 7-27-11 Update

US Stock Market
Forecast Update of 7-27-11
NASDAQ Composite 

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I had published an analysis of the markets, using the NASDAQ Composite, as it was one, which suffered the most losses, and guess, which one had the biggest rally of the day. Laws of Universe!
NASDAQ went to my first support level for reversal (2.7 points higher than my predicted level 2,755 for reversal ) and then market reversed. I expect the markets to do retest of the low of yesterday's and then go higher.

Stock Markets Update 7-28-11

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NASDAQ Composite Analysis, Forecast 7-27-11

Stock Markets are just around the corner in their search for the bottom of recent sell-off, which was kicked off by my time cycle date of 07/25/11. Please see attached chart of NASDAQ. This index had shown more resilience during last 3 days of selling, and today, it sold off the hardest, (remember my rule, the one which stands the last, falls the hardest). Nevertheless turn is arriving and just a day (CIT date 07/29/11) and few more points away. NASDAQ support areas of reversal are 2755, 2744 and 2,730.

Australian Dollar Pair AUD/USD Analysis, and Forecast 7-27-11

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AUD/USD Australian Dollar Forecast 7-27-11

Australian dollars has climbed to the highest level known to this pair. However, looking at the monthly chart of AUD/USD, it is becoming evident that recent climb is most probably the highest price, it would have achieved and probably a crest, this pair was aiming for.

Wave 'AB' from 1996 high to 2002 low, was equal to massive water fall decline wave 'CD' of 2008-2009. The wave 'ab' rise from 2002 low to the 2008 high, is equal 2009 low to current price, the wave 'dc'. Furthermore, the current price is being clustered within many Fibonacci extensions and retracements, combined with the resistance offered by the Pitchfork price/time tool. Therefore, Australian dollar shall find a reason to decline from these levels.

Stock Markets Update 12:36 PST

Stock Market Forecast Analysis
QQQ hourly chart 7-27-11

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Stock Market Analysis, Predication
QQQ Chart 7-27-11

I think stock markets are putting in spike low and it will be retested . The gap of 07/19, which lead the market higher is holding strong. The gap might be tested by fading it and then market would have made higher low (or same or lower low, depending on indices), a double bottom, before blasting up higher. And best alignment of time and price would be the earliest on 07/29/11

Gold and Silver Markets' Forecast Update

Gold Price Prediction 7-26-11

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Gold Prediction Result 7-27-11

Gold and Silver has risen higher since, my previous update here about the metals resuming the trend higher. Last night, I had alerted the subscribers of the forecasting service to watch the resistance @ $1,632, (although I allow $4 orb for profit targets, but) sometimes price levels are so strong that not only first they act as magnet and but then push back as repelling force.

Markets Update

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Markets have broken the low of Monday, therefore, the long positions have been closed and looking to enter short, when opportunity presents. Or wait it out when market present solid long entry. Next time cycle for change is on 0/31/11.

Stock Markets Time Cycles Update 7-26-11

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Based upon the studies of time cycles and their strength (the ability to create the rally or correction of a certain size), I believe that correction is completed. There are many signs fashing, that stock market shall go higher from here on, into the next time cycle for CIT, despite the debt ceiling fiasco and drama being "Played Out" by the actors in the Washington DC.

STock Markets Forecast 7-25-11 FOLLOW UP

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The Time Cycle of 07/25 did stop the rally from last week at its track. Asian Indices NIKKIE, HANGSENG, and SHANGHAI INDEX and S&P ASX dropped including European Indices, DAX, CAC, FTSE dropped 50-60 points from the close of Friday's. US markets followed.
Would this time cycle continue to pressure the markets?

Results are yet to be seen? The High of Friday, shall be "the clue", if that resistance is cleared by the markets, then time cycle of 07/25 is done with its strength, otherwise, if markets break the low of the Monday, then decline shall continue for next 4 more days!!

Stock Market Time Cycles Update

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Upon further review of the similar time cycle coming ingress in the past, revealed that not only the time cycle, which is due on 07/25 shall stop the recent rally, but also, it has the potency to create a sizable correction.

NASDAQ Composite
Forecast Analysis 7-22-11

SPY Forecast Analysis 7-22-1

Therefore, I hope you have had locked in your profits from the long positions and protected them with stops. Markets stopped on Friday at the exact level of where the gap down occurred and market opened on 07/08 high. Momentum has been loosing steam for last few days, during this rally and rally continued exactly into the next time cycle for change in the trend. Therefore, naturally a change in trend is expected.