I am sorry for the delay. I had been feeling under the weather, and been overworking for last several days.
Thanks God!, att least I am GLAD that my Market Forecast came to bear. I hope some from you, would had heeded to my warning of not being fooled by any Bullish Comments or Bullish Gesture of the Market. It was Bull…. alright!!
Yesterday, in my Market Outlook, I noted,”Last night, I issued a forecast, and warned to beware of any false move. Why a move would be false? Whenever, Markets try to break a barrier, whether, as a resistance, or support, it must do with some exhibition of power. Power is manifested with the gap up or gap down or long bars with strong volume.”
I further, stated that look for SOME SUPPORT at $110.07.
Markets broke down today. And it opend up @ $110.07 and sold off heavily. This forbodes very bad for the market.
Market exhibited power, but in gapping down, as I had anticipated. Therefore, Markets are heading lower, lower than current level
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