Financial Market Analysis and Forecast 09-19-10

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower

Last week, powerful times cycles kept the markets under-controlled, although, could not push it lower. Usually when the time cycles fail to create a reversal, and instead the markets continue on the previous prevailing trend, the cyclists call it as inversion. Oddly enough we did not have the inversion either. Most of the indices, I track, their advances have been checked such as financial, S&P. Russell 2K and Dow Jones Transportation. Just NASDAQ have been able to eked out minuscule gains on weekly basis (due to ORCL).

We have very strong time cycle ingress during the weekend and another very important time cycle on September 21s. Therefore, markets might look for another day of sideways move (up and down and up or vice versa during one day and ending within the same range of the previous day) or some negligible gain. Then I am buckled up for the strong reversal. ( Remain prepared to go short, starting Monday, but I might wait until Tuesday)

Caveat: (though, small probability) Expect the Unexpected: If we don’t have the reversal on 9-21/9-22, then we have an inversion at our hand and markets ought to rocket higher and next turn time cycle date is September 29. 

THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS

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

11 thoughts on “Financial Market Analysis and Forecast 09-19-10”

  1. Thank you Sir

    I have been introduced to your site by a friend and I just dropped from my chair, to see the height of accuracy of your forecasting. I have never seen anyone in my 22+ years of trading exposure, to see someone over 90% accuracy, sometimes you are 100% correct for several months in a row. That is very very RARE.

    Thank you Mr Syed
    You are blessed (and humble) Man
    I pray for your continued success in the Mastery of Financial Markets and continued service to the humanity.

  2. If your account allows then I would daytrade any long position until tomorrow.
    I'll give it until tomorrow after-noon to manifest reversal, if any. Otherwise we're rocketing higher starting from today. Waiting until tomorrow is prudent regardless to confirm as the follow through or ¡¡¡

  3. Hello Mr.Syed,

    I'm sure Mr.Bernanke's speech on Tuesday will have a positive impact on the market – hopefully this 'hype' won't last too long as he puts a spin on things.

    All the best.

    Karim

  4. Hello Mr.Syed,

    Thanks again for your forecast.

    I would tend to go with your forecast that the market will reverse either today or tomorrow. If it rockets higher then I would be completely baffled strictly based on the technicals. The market is already overbought. I was wondering, in your years of experience, have you seen a market like this which defies the negative sentiment and technicals and still continues to rise?

    This is totally UNEXPECTED.

    All the best.

    Patrick.

  5. Dear Mr Syed ,
    I agree with you and was thinking the same thing the last few days before wrote it . Either down after 22nd or continue higher to 29th

    Take Care
    John

  6. You are correct. Economic condition are not going to get any better, rather it is about to get even worst. Economic decay shall continue for some time and there is no recovery in sight.

    Financial markets are being manipulated by the plunge protection team. But they cannot avert the inevitable. The crash and the ultimate irrelevance of these markets to the new global market emergence under different umbrella. But that is VERY Long term picture.
    I rather be making money as a trader. Let some of the dumb or misguided economists such as today's report such by NBER (I don't know who pays them) continue to fool the public.
    I've done some great research into said long term cycles. I shall post that sometime in the near future.

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