I commence with my gratitude to The All-Knower
I submitted the following forecast on February 29, 2012.
“Stock Markets have completed their time cycle and also reached certain price cycles, which offer strong resistance. Therefore a reversal is imminent.”
Market Reversal was Forecasted on 02/29 @ 8:35 am after the market had just opened higher, with lots of optimism
Market did exactly and as a matter of fact, as pointed out by one of the reader’s comment, dropped on the same day and continued the drop for next 8 days. S&P fell 38 points, Dow Jones Industrial lost 320 points and NASDAQ gave up 100 points that is 3.3%, German DAX lost 280+ points, FTSE-100 continue its slide until it lost 180+ points. Similar kind of losses were mounting all around the world. That is the called the powerful forecasting with time cycle.
THANKS GOD ANOTHER FORECAST CAME TO FRUITION!
Market found its low on March 8th and since then had rebounded.
Now Markets are at very important juncture.
Bottom Line: Markets may find it very hard to recover the price levels of 02/29, until the 03/20. Therefore, market may retest the highs of 02/29 and then decline for one week and that would have satisfied the requirement of full correction as a pre-requisite for next BULL Run.
But, if markets recover the price levels lost at the previous time cycle of Febraury 29 and stay above that, then markets shall continue to rise until March 16th and possibly the middle of next week around March 20. Later case scenario is dangerous for the markets, as it shall create a stronger correction to be unfolding around the March 20-March 23, which may last for at least 3 weeks.
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