I commence with my gratiutde to The Creator,
Recently, I have been writing on the financial markets, very lightly. I have been on summer break, trying to focus on some other matters, and taking sometime off from the daily routine of financial markets analysis.
On July 9th, I had predicted that Markets shall take reach the next resistance level of 1,400 for the SPX Stand & Poors-500, and I stated, ” I look forward to S&P-500 level of 1,400 in very near future.” I reiterated my prediction on 07/12, “I foresee a strong bounce coming, which will leave Bears in shock. ”
The very next S&P had experienced a 24 points rally. As a matter of fact, all the green bars, thereafter, did always put the bears into the shock, for example 07/26, 07/27, and 08/03. These dates, bulls took out and smashed, all the hard work, bears had put in over the several days preceding to the rallies.
Now once my forecasted level of 1,400 been achieved, what NEXT now?
Please see attached picture of the recent market activity in a chart. My proprietary indicators are telling me two stories, which both are correct….
One story is that, I foresee higher prices coming into the future, our next target is S&P 1,440. But, first market shall consolidate and pull back at the current level. Therefore, look for consolidation and pull-back RIGHT NOW starting from 08/08/2012, and once said pull-back are done, which shall be a buying opportunity, markets shall rally into new highs.
Yes, Markets have put in the Bottom.
Summer is about to be over and so it the sell-off brought by the summer. Fall shall bring in cheers for bulls.
http://trade-in-harmony.blogspot.com/
Thanks for the update sir,
Will the pullback coincide with the AAPL low dates as per your post. Therefore potentially achieving your AAPL price target of 493 as per your said dates?
Thanks…
What potential support levels do you see for this pullback.
You are most insipirational person/mentor, thank you for help.
Franz
what is the blue line at the top? Is it also one of your proprietary indicators? What is the significance of that blue line? It seems like a resistance line.
Hey guys, read carefully, it was said, that 493 is support or target, i interprete this way: it will start falling down, thowards 493, but the only shure thing is that, there will be a bottom at said dates, and if the price is 493 at one of the dates, then 493 will be the bottom
based on this….. an AAPL decline taken off the book ?
On August 1, Mr. Syed wrote in a comment: "Yes, Based Upon the history of time cycles specific to the AAPL's DNA, I am still seeing a definite low around said dates of August, as stated in my last post."
Thus, the timing (dates) referenced in July 24 message were reaffirmed for a low or bottom to occur, August 8, 9 or 15; however, the target or support price was not specifically reaffirmed.
With this said, it would be most appreciated, if Mr. Syed would kindly state whether he anticipates both a time / price of August 15th with a target of $493 for AAPL.
Finally, to Mr. Syed, please know that the information and insight that you kindly provide are welcome and appreciated. Thank you.
Please consider posting an update during this week on the market and on AAPL. I check your site every single day and sometimes I check it two or three times a day!
Thanks for sharing your insight and may God bless you.
Thank you for all of your love and care.
I apologize for the lack of daily postings or several postings per week, as it has been my routine.
However, during this summer, I took some time off to re-balance my energy. Furthermore, I am observing fasting for 30 days during the month of Ramadhan since July 20. That is why, my schedule of activities has been curtailed. Because I have to be up at around 3-3.30 am start the fast, by eating something light, and then there is break of the fast at sunset. Though, it is spiritual enlightening and enhancing, but it becomes tasking physically, after few days. I shall post updates for the financial markets and AAPL on 08/13
Thanks for the info,
you don't have to explain, but you did that is your generosity. You do not owe us any. Thanks.
You have forecasted a pull back and pull back we got. What is the extent of this pull back, could you elobrate on it in your next post.
thanks
Carter
New Zealand
man, that 493 call was way way off. It's already 8/13 and AAPL is at 629. Highly doubt we will see a dramatic drop in 2 days
I miss seeing your updates and forecasts, hope you will post something soon. Thank you.
Why are you not posting updates?