Stock Market Forecast 6-16-11

I commence with my gratitude to The Creator

I think we may have rally starting from tomorrow. I was looking at my geometrical time cycle generator, it has a turn date on 06/20/11. It did not have the turn date on 06/13/11 🙂

Therefore, buckle up, this rally is going to be strong one! (then of course, another leg down!)

Why do I think, that we shall have a strong rally and why we did not have a break-down as thought 2days ago. Market should have broken down within last 4 days, since it was flirting with Dow 12,000 and SPX $1,262 and Nasdaq Composite 2,634. It rather found support at these levels (just a false break down through these levels) and the time cycle has arrived for reversal. Thus, Markets shall experience reversal and rally due to the time cycle arriving when markets are at important price junctures.

THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS

http://trade-in-harmony.blogspot.com/

8 thoughts on “Stock Market Forecast 6-16-11”

  1. Agree with your prediction of rally. Maybe one small selloff tomorrow (6/17) morning and then the rally will begin. What is your target for top of the rally?

    What is a "geometric time cycle generator"? Does it depend on fib levels?

    Thanks!

  2. Mr Syed,

    Grateful to the Creator.

    Since Jun 20th is the turn date which could also be +/-1 day, could the strong rally from today continue into next Mon(20th) or even Tue & then start the real crash?

    Thanks,
    Herbert

  3. Mr.Syed,

    the rally fizzled pretty quickly from the get-go in the morning. Do you feel that the market will continue down till the 20 +/- 1 day??

    Thanks.

    Patrick.

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