I commence with my humblest gratitude to The Most Benevolent, The Ultimate Knower of hidden and obvious, for blessing me with the gift of knowledge and ability to share
It brings tears (of gratitude to My Creator), to have my forecast of “a gap down and at higher volume”, come true .
Now, as I said earlier, buckle up to go to your banks, with briefcase full of money (while offering your thanks to Our GOD), if you are short.
I, however, require, one and one thing only from you, if you are profiting from my forecasts and market analysis, then please give some money away to help who are under-privileged, in your family, relatives, friends, and community. That’s how, you can thank me and more importantly offer your gratitude to The Most Merciful, The Ultimate All-Knower. (Warning: if you don’t purify your earnings with charitable contribution, then wait to watch then fly away from you. And if you give to charity, give with pure, sincere, and humble intentions)
Now a Lesson in Trading:
Island Reversal Pattern: The island reversal is a sequence of gaps. In a rising trend, a first gap appears between the previous day’s high and the new day’s low. The second gap appears on the way down between the previous day’s low and the new day’s high. The island reversal may be completed in a day or longer and is accompanied by higher volume. When the island includes several trading bas, it is known as ISLAND CLUSTER REVERSAL.
Some examples from history to elaborate the price action that follows through.
http://trade-in-harmony.blogspot.com/
i'm reading A LOT of blogs for long time so i can make really honest opinion AND
there is no doubt that this blog is BEST OF THE BEST, simply amazing
best wishes to Mr Syed, i hope this blog will last for at least years, its my #1 bookmark
and it gives me power to learn technical analysis, i hope Mr Syed will post something about TIME predictions, i'm pretty good at prices but really lame at prices
really don't have a idea what techniques to use..
Dear Mr.Syed,
According to astrologers, there is a cluster of planetary stress points at the end of May. On the 23rd of May Jupiter and Saturn are in opposition (20 yr cycle) and the last time this happened was a market top. On May 27th, Uranus is in Aries which last occurred in 1927 before the stock market crash. Is it possible that the downturns you have forecast (QQQQ,SPY) may continue their downward trend will into Friday the 28th or even June 1st and is there a possibility that the targets may even be lower than those forecast?
Thanks for all your assistance and direction.
God Bless.
Karim
Thank you for your very kind comment
I request all of readers of my blog, I welcome your comments, however, it is much appreciated to have your name at the end. Thanks
Just before you click publish your comment, there is Name dot, click on it and put your name there.
Thanks and Remain Blessed
this comment about blogs is my and i made mistake, i wrote
"i hope Mr Syed will post something about TIME predictions, i'm pretty good at prices but really lame at prices"
of course i mean: i'm pretty good at prices but really lame at TIME prediction
technical analysis is all over the places, formations and stuff like that so PRICES are not so hard to learn
but like i said earlier, TIME PREDICTION is a mystery, there is really hard to find something about predicting turns of market based on time. i heard only about fibonacci but i think it doesnt work too good.
thats why i have im asking for favor: please write something about time prediction instead of technical analysis formations because everyone who WANT TO LEARN already should know such a formations like island reversal pattern etc. If not then its easy to find informations about it all over the internet.
PS. EURUSD opened lower so looks like stock markets will continue going lower. Mr Syed is on fire ! 😉