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Forecast of 12/28 |
I commence with my gratitude to The All-Knower
I had forecasted on 11/28 “the time cycle, which is 12/01, then market shall turn lower to next time cycle of 12/08-12/09.”
Then on 12/05, I updated my forecast, as energies of markets do fluctuate and following up the markets’ energies, and said, “next time cycle of 12/09 (+/-1). That time cycle shall create a strong reversal.“
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DJI Forecast 12/13 |
I had given out support levels of QQQ as following, “$56.85-$57.10 area is first immediate support and followed by $56.01-$56.19 (another area to watch $56.30) area.” and followed up for DJI support levels, “First support is at 11,990 “
Stock Market went higher into the 12/02 and then headed lower (market did try to go higher but failed to close above the highs of 12/02), until the time cycle date of 12/08, then on 12/09 shot up higher. These time cycles were strong, and rather a confluence of many geometric and mathematical time cycles, thus creating another strong reversal energy on 12/12, next trading day after the 12/09. And for prices cycles, Stock Markets Indices as mentioned, have followed my forecasts with respective supportive price levels. QQQ could not go lower than$55.95 and DJI found support at $11,941.
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QQQ Forecast 12/13 |
Now looking at the stock markets, it seems that if the current support levels hold then you shall see the market taking out the recent highs set-forth on 12/07. For example for QQQ, once the area of $56.00 holds as strong support, which it seems, that it may….., then market shall gap above the resistance level of $57.00.
Furthermore, these current levels of support are coinciding with strong NHN numbers and price cycles lines.m as shown on the attached charts. Target zones for Dow Jones 12,375 and 12,450. Once market clears the current resistance level as set on 12/07, then markets shall rise until the first week of new year 2012 in wave motion.
http://trade-in-harmony.blogspot.com/
QQQ on close now 55.84. Does this invalidate your numbers and suggest further weakness or are you suggesting a major low here.
thanks
No it does not invalidate my forecast. Yes, I am suggesting a low here and look for detailed analysis tonight.