Current Market Outlook – Get Ready for The Decline, I have been Warning about!! – Update 08-12-10

I commence with my humblest gratitude to The Most Benevolent, The Ultimate Knower of all, hidden and obvious for the countless blessings including the knowledge and ability to share.

Markets have been dropping since my forecast (yes, it waited for a few days longer, however could not go higher either, due to the strength of price cycles). However it is not over yet. Weekly and monthly charts are Gann’s favorite charts, to determine and verify the trend of the markets. Please see the enclosed, weekly chart. It  clears any doubts, someone might have doubt about the forecast. 3-days chart is great tool, I used and is also Gann’s favorite one. 3-days chart also reinforce the same conclusion that further downside is imminent. What to do with any rally attempts? Sell and add more to the existing short positions.!!! Whether you see rallies in FTSE or European markets or US markets. It is all fake-out, or someone trying to unload, by taking the markets higher (can only do for some very small amount of time, intra-day. I know from my own experiences). Going short and selling is the right strategy now, until the trend reverses.

THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS

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

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