I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower
I stated in my Friday’s Sept 24th post the following, “Now the question is that, is the rally going to take the markets higher or just retest of the recent high. NASDAQ (and it ETF QQQQ) has cleared the resistance. However, SPY, SPX, DJ-30, DJ-Transportation, NYSE Composite and Russell 2K, has failed to do clear the resistance or have not done it yet. Monday is critical day, to prove any hypothesis of going further long until September 29 (or Oct first week) or the continuation of previous reversal.One point of caution, today’s rally is lacking the volume.“ Therefore, as stated, today’s price action is the most important for the determination of the health of the rally, if a rally started on 09-24th.
Now For Time Cycles: We have 09-29/09-30 and then 10-04/10-08. I shall prefer it to make a low on 09-29/09-30 and high on 10-08th time band. This shall satisfy my Crash case scenario. If we have the opposite, i.e., low on 10-08, then we have very strong rally in coming days.
http://trade-in-harmony.blogspot.com/
Thanks for the update Sire
Could someone call CNBC and let 'em about this Master of Financial Markets.
Mr Syed, we need voice like yours out there for public benefit.
Thanks for generous support and sharing
Hi Mr.Syed,
Great work as usual!! Much appreciated.
I was wondering if you have the time to provide us with some targets for ORCL please?
Thanks again.
Patrick
Is that about the venus retro on 10-8-2010?
Eddie Chan
Dear Mr Syed ,
Thanks for follow up !!
It helps me to develop the strategy .
Marco
looks like aapl trade is "done", should i close puts with loss today ?
looks like crash scenario is on it way. if we get bottom on 29-30 sept and then high on first week of october then when we should expect the crash ? as soon as in october ? or not this year ?
Thanks so mush sire. Me glad for this help.