Financial Markets UPDATE 5-4-11

I commence with my gratitude to The Creator, The All-Knower

If you did pay attention to my forecast on 04/29 of impending change in the trend in the markets, then you must have benefited and helped your financial portfolios.

Markets have dropped to certain retracement levels, which might have satisfied the next run up in the prices. Prices dropped for 3-4 days. However, in some indexes, prices dropped only to the minimum requirement of retracement of 25% (23.65%). Usually a nominal retracement like this, indicate that markets ought to go higher now. If the markets do go higher TOMORROW, then it would confirm the correction and/or retracment is over and next run up to next levels of resistance would start.

THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS

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

2 thoughts on “Financial Markets UPDATE 5-4-11”

  1. Hi Mr.Syed,

    The Venus/Mercury conjunction should add to bullishness now and the markets have probably reached their turning points.

    Good call!

    Patrick.

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