I commence with my gratitude to The Creator.
In my May 13th post, I had stated. ” There are many time cycles converging during the time frame of 2nd to 3rd week of May (May 14-21). Thus this juncture of time (especially around the time of May 20-21) will be crucial to watch. Why, because Markets are running on fumes, there is no gas left in the tank. Time Cycles are over due for a serious decline,”
Some laughed at me and some heeded to my alert.
May 21st was the day, when markets made their highest high and SPX opened at 1,666, made a low at 1,662 and closed at 1,669 a measly one point above my target of 1,668, exactly on my time cycle date.
The next day markets rallied on empty tank of gas and then fell flat on their noses. As one of my readers rightly pointed out, NASDAQ fell real hard. It had lost 2% from its high of the day. The selling, then, continued across the globe. Nikkei tumbled real bad. After all said and done, Nikkei has fallen 7% thus far (at time of the writing this post, see attached pics) in one day (2% up and then dropped 5.1%). Currencies followed the suit.
One thing to notice that big boys bailed out in a big way, :-).
SPY turn over was 243.6 million shares and after hours another 18.65, that is the largest sell off day in number of shares since November 9, 2012. Similarly Powershare QQQ shares turn over was 59.8 million plus 2.47 million after hours traded while its . SPD Financial XLF turn over was 96. millions with 688,695 shares traded after hours, that was the largest down day since 11/07/2012. Big DJI turn over was 171.85 million shares and that was the largest turn over in months. To give you the perspective normal trading volume on DJI is about 100-125 million shares or trading volume 50-period moving average lies around 128million, and QQQ trading volume 50-period moving average lies around 32 million shares. XLF financial Sector index turn over was the twice of its normal trading volume of about 45 million shares.
Finally, look at the low prices of yesterday low on all indices. How far did price fall to…
Market drops in one day and such drop brings it down to the price level of May 14.
Is that coincidence? No.
Please check my forecast dated May 13th. Price/Time Cycle squaring started on May 14. Markets tried to go higher, but it was a fake move and one day drop of the markets brings them down to the price levels of May 14, the start band of time cycle. Market price actions are telling you, even though markets experienced a “lost motion” in prices, but real price was 1,662-1,666 range, rest was just fumes and making retail investors more complacent.
http://trade-in-harmony.blogspot.com/
As i said yesterday, anyone who thought you should get the exact price and time on the spy is just insane. For me if this is the start of the selling you should be commended time will tell as your cycle dictates we should see over 30 weeks of selling.
Well done, where are all the idoits with their down beat words?? For now it seems their mouths are shut lets hope it stays that way.
Once again thanks for an informative post
Oh my God,
can i marry you.
Thx a lot.
Andrey you were wrong about GOOG, AAPL and market not dropping.
You said in your comments posted on MR SYED 05-13 post and I quote
"On google u have also very good buying point here on 902, 900 is very strong support" well that support broke many people backs, if they went long on your recommendation.
on AAPL you said, "Don't sell stocks, buy aapl, the low will hold" on that day AAPL was holding just above the trend line and you thought it was gonna hold, bu it kicked in your a#$ and it dropped over $30 that is like 7%"
then you asked Mr Syed, and I copy and paste your comment. "please post this before it happend and u can eather confirm that i am wrong or as i think u will confirm i am wright and u will keep my forecasts in mind."
Now ACCEPT THAT YOU WERE WRONG.
you were trying to use Mr syed Blog to advertise yourself, which was wrong in the first place and you were saying in other words that MR Syed forecast was wrong and not listen to him
So now who is WRONG Andrey!!
Mr. Syed I never commented on your blog, but I have to wait and put this man to the shame
I am sorry Mr syed, if it offends anyone.
Aksinya from Ukraine
The trend will change for the SP if it goes to 1620
Stocks are even in stronger position now, than the last week! Sorry, but this is how i see it.
another Mr. S bulls eye.. about time for an AAPL and GGOG up date?
thanks for the best call I have seen on the internet
Thank you very much Mr Syed for your updates. You said that the S&P target is 580 but, Which is your target for the Dow? Thanks, as always, your opinion is much appreciated
Mr. Syed, thank you for your analysis. This has been a test of my faith, for sure…hopefully I will benefit from your advice. Mike
Thanks Seyed, God bless you, please keep up with more posting and let us know waht you see next.Thanks.
DOW,,,,,,,,,,,,,,,,
The 2 smaller cycle dates converge with the larger cycle window of JUNE 3rd……….this top will be a swing trade top! Best!
hey man, now i get angry, aapl – 30$!?!?!?, i postet after this and told u that this secondary low will hold!
oooh, now i see what u have said about aapl, my answer – the closing price is what is important
I am not wrong for AAPL and on GOOG i said 900 is support, at 896 i said i am going short! And i am wright about stocks, this fast drop means nothing yet! How many times u have seen fast drops on the way up?