Today is another beautiful up day for the bulls ! As predicted last night, "Usually, this is a very bullish sign and it tells us that, tomorrow a new higher high will be created. " Today, NASDAQ made a new higher high of 1934.61 !
To date, the NASDAQ has been closed UP for 11 days in a row. In these 11 days, the NASDAQ index has been up for ~207 points (from the lowest starting point 1727.05 to the current highest point 1934.61) or ~ 12% gain ! What a wonderful bullish run up wave ! Only 60 points away from my predicted NASDAQ target, namely, 1995. Here is the link to the analysis of the NASDAQ target.
Below are the words quoted from the initial call at the start point of this magic UP wave.
"A very very nice day for bulls !As predicted last night, 1750 is the key level for NASDAQ !And today the market just fluctuates around the key level 1750. But finally, the bulls win, because it stands above 1750 at the close. More important, it closed above the year line with about 10 points gain !Very nice."
Since then, I have always update "Today's market close prediction" in the side bar as "UP" until today ! I sincerely hope you didn't miss this run if you read the blog every day!
Today, I noticed that both DOW Jones and S&P 500 show some weakness, even though NASDAQ still closed in green ! If tomorrow, both DOW Jones and S&P 500 continue their weakness, I am worrying NASDAQ may be dragged down by them. On the other hand, both Dow Jones and S&P 500 may be dragged up by NASDAQ ! So, pay attention to their cooperative moves !
As predicted before, the death of this magic UP wave will produce a new DOWN wave for sure, based on the beautiful symmetry pattern. So stay alert and get ready for the coming DOWN wave !
In order to avoid misleading, I have removed "the 10 bagger stock watch list" from the side bar. I will focus more on the general market predictions, rather than individual stocks, although some time I may mention some individual stocks because of their nice chart patterns. So, we can learn from these nice chart pattern set ups.
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Thanks lots for your post, I am reading your post everyday now.
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