I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower. He is The One Who Knows hidden and obvious.
I told some of my students on Friday that I was expecting the gap to occur on Monday. We did have the gap alright!!, but not in the direction of my expectation.
I never had analyzed the FTSE before, did my “Inner Higer Wisdom”, and gave me a clue that I did not listen to?
Why was I asked to analyzed the FTSE from within?, and titled “Expect the Un-expected”?. Trade in Harmony involves being linked with your inner higher self. These were the clue for me (or from me), debt related news (HSBC started the rally in London)!!!
Now What!!. DJI entered my forecast of July 26th first target zone, when I was inclined bullishly. Does that mean we have strong bull market coming and we are going to top April 26th high, it is likely? If we continue this rally!!!
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
Dear Syed,
Thanks for the update my friend.
Reed
You are always kind.
Thanks.
Remain Blessed
Dear Syed
Are we looking at a rally regardless of PE. Please explain if I am wrong
Top in Apr was SP 1220 , PE was 14.4, then May's PE report came out at 13.52 so market went straight to under 10k. Now this PE came out last Friday at 13.18. So technical terms Spy needed to go 7% below prev low of 1050 to 980 but it went to 1020. Now new guidance should take sp 1020-2.5%, then rally to 1109 area. But if sp goes above 1140, I will be worried as they may do the reverse style , take the market up and up and take it down to 1109 during the next earnings season.
Dear Mr. Syed,
I, too, enjoy your thoughts and updates. Please keep up the good work… and continue being blessed.
Jim
Agree here! Much appreciated!
Patrik