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| Market Forecast 06-14-12 |
Markets have been consolidating, as previously noted in my forecast/analysis published on 06/12. As stated in my previous forecast, that, stock markets are in the making of a inverse H&S pattern, which once completed successfully, shall manifest into a higher highs than what markets have seen recently within last month or so.
Please see the attached chart of Dow Jones Industrial. Markets have broken above the downward trend-line, which has kept the markets down thus far. Once broken above the trend-line, markets started making the pattern, which is typical in bottoming process. 12700-750 AREA IS INITIAL RESISTANCE TARGET
I believe, that markets shall manifest their right and real direction after the time cycle, as predicted in my previous post. Next time cycle is June 16-18.
http://trade-in-harmony.blogspot.com/
Thanks Mr Syed for your generosity.
Shanti. You correct, Mr Syed is blessings to plenty of traders out there. He does not know, that he has impacted how many lives in positive manner. He is really a genuinely Great Man
Even that guy rosecast, changed or modified his forecast, he was WRONG for June 14. June 14th was the most bullish SPX day. though, he was correct for other 2 days, lets see what happens for his June 15th. If he is wrong today, then, he will be again 50-50, as Mr Syed. 🙂
Sorry did not mean to offend or be jerk here. It is very positive site. and I will like to remain in the harmony with it…
True Singh
I have watch rosecast for sometimes, and found him to 50-50%
He had forecasted a crash like strong sell of for 04-25. It was an Up day, rather that was beginning of one week rally, before the May top.
Mr Syed
Sure you are God-gifted
Market has acted according to your forecast once again. like it always does 🙂
Thanks for sharing.