The market has been coiling here ready for a move both short term and long term. Short term we look like we will hit a peak sometime early this week but the pullback will be bought in my opinion. On the medium term I see us getting some bullish signals and maybe over the next few weeks we trend higher out of this coiling.
Again November-december last year I was signalling the 1045 area as a possible target on the upside and by my analysis up to today that number is this in play. To be honest I would not be surprised if we hit 1100 if we get up to that 1045 area.
Last week I noted I think we see new highs for the year before we tackle that 739 November lows and I will stick to that analysis for now. In the mean time look for some climax higher this week and swing some shorts especially on the plans for the banks by Geithner. It is a good shot that they sell the banks off after the news is announced.
Watch for 902 on the upside first target is we bust out after a modest pullback.
MARKETJEDI
Sunday, February 8, 2009
Blog Readers-Thanks
I got a couple of email this weekend on the accuracy of the calls on the blog especially when it come to the end of day closing pricing. Friday we called that exact price where the market would close @11 AM and since the beginning of the year we had a couple similar calls even two days in advance, pretty amazing.
Well it is no magic. It is years of research and our proprietary technique that we have developed which we will likely make public through a software partner if possible in the future. It has been my personal research over many years that has proven to me without doubt that the market it not a random force. It is possible to know where the market is going and what specific levels it will turn and react IF we get confirmation, that why I am able to make those called to an exact figure well in advance.
Also some readers are asking if I can teach this technique the answer is yes but not now as our fund will be using this technique as our bread and butter strategy and obviously a magician can't tell all his secrets. The formula is constantly being tweaked and developed to adapted to other markets and I would not feel comfortable sharing it fully till I am 100% satisfied that it can be used through multiple market environments. Presently it works excellent in the equity markets and some futures market like the forex but I am applying some algorithms to adjust to other commodities.
Another point here is I am basically giving you the answer through the blog and it is all free for you guys and gals to use, so use it!!!!. I am sure no one else out there is giving accurate calls for free as I am so keep on reading, learning and PROFITING.
MARKETJEDI
Well it is no magic. It is years of research and our proprietary technique that we have developed which we will likely make public through a software partner if possible in the future. It has been my personal research over many years that has proven to me without doubt that the market it not a random force. It is possible to know where the market is going and what specific levels it will turn and react IF we get confirmation, that why I am able to make those called to an exact figure well in advance.
Also some readers are asking if I can teach this technique the answer is yes but not now as our fund will be using this technique as our bread and butter strategy and obviously a magician can't tell all his secrets. The formula is constantly being tweaked and developed to adapted to other markets and I would not feel comfortable sharing it fully till I am 100% satisfied that it can be used through multiple market environments. Presently it works excellent in the equity markets and some futures market like the forex but I am applying some algorithms to adjust to other commodities.
Another point here is I am basically giving you the answer through the blog and it is all free for you guys and gals to use, so use it!!!!. I am sure no one else out there is giving accurate calls for free as I am so keep on reading, learning and PROFITING.
MARKETJEDI
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