
I commence with my gratitude to The All-Knower
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| Dow Jones Industrial Forecast 4-8-12 |
I get quite a few emails, or comments. Some of them are just commentary on my posts, and some require some kind of follow up response. So this post is in response to the requests, I had received, plus, I felt an update was necessitated.
This Friday, being the most of the markets being closed for the holiday, stock markets' reaction to the US non-farm payroll surprise (was it surprise, if you one knew the time cycle of the cosmos?) was not recorded. Only (thinly traded) bonds markets were open to react.
There is a likelihood that as a reaction to the NFP, stock markets gap down on the open on Monday. However, I have the strong feeling that US stock markets might gap down, only to fill it during the day or the next day. That would be in line with my bullish stance on the markets. Furthermore, there is a time cycle on Monday 04-09-12, which has high correlation to reversal in the markets. Market have been dropping thus far. Therefore, there is strong probability that said time cycle shall push the market to the upside after the gap down, as stated above (if it does gap down).
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| FTSE Forecast 4-8-12 |
In the event the gap down is followed by another sell-off then stock markets shall continue to sell, for at least until 04/19, followed by the bull run up until October 2012, with usual pull-backs to keep the market rallying. (I shall revisit the market forecast during this time frame of 04/19 to re-evaluate the markets, if the markets do drop until this date)
For DAX Index, start looking for support @ 6,601, 6,525-30, and 6,430 is the strong support,
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| S & P-500 Forecast 4-8-12 |
For FTSE Index, start looking for support @ 6,601, 6,525-30, and 6,430 is the strong support,
For Dow Jones Industrial start looking for support @12,950, 12,880 area,
For S&P-500 Index start looking for support @ 1,383, 1,372 area
For NASDAQ Compsite Index start looking for support @ 3,044-3,050 and 3,024