English Guide to the Blog
This Blog (“I Am in Borsa”) was started in March, 2010 and I have posted some forecast for the last 4 months, up to the end of June. At that point I started a Private Blog (“I Love I Am Inside”) where those are interested and want to continue following it, can do so with a small contribution (Free Donation). This is absolutely not an Advisor Service, but only my private trading diary where I explain my reasoning to take positions, principally in the S&P500. At times, I also take positions in Gold, Forex or Italian Stocks, but I use most of my time to study, and I do not have time to write everything, and so on my Blog, I concentrate on the S&P500, which is a good guide for all the Western Indexes.
The Blog “I Am in Borsa” is open now, but I update it only 2 or 3 times/month only to give some of my thought and to report the results of my forecasts that I have written in the Private Blog, “I Love I Am Inside”.
It is obvious that, in my Blog, I do not explain my methods, but have elaborated the techniques that I use for this forecasting and trading in my trading course: “The Law of Cause and Effect”.
In this English Section on my Blog, I would provide a track record so that you can better understand my forecasts and trades over the last 6 months. I know that for those who do not read Italian, is difficult to use a translator to read all my post, so I want help clarify my past calls and charts which were made during crucial top or bottom periods.
On this Blog, I would like for people to be able to see the proof that I have made some important forecasts using the methods presented in The Law of Cause and Effect. Every Post contains a date defining when the post was made, so that you can confirm that these posts were done in advance or in real-time.
If you are interested in purchasing my new course, The Law of Cause and Effect, click the following links for details and ordering instructions:
All the charts are showed on the indicated dates, here on this blog, which you can find on the calendar section in the right hand frame.
S&P500 INDEX
September 23, 2010 Update: July & August
In July I took a position from 1011 on the S&P500, exactly on 1 July 2010. I didn’t take a large trade because I was expecting a low on 29 June. The breakout down making a new low price gave me an alert, and I forecasted that it would rally after we touched 1010 point. Now we know that this was the July Low, and I exited from this trade only 45 days later.
Also I give a buy signal after we break through the 1043 and 1080 points.
On the morning of the 1st of July, I said:
“…but we must wait because now the inversion of the trend has some doubt. The break out down of yesterday can bring the S&P500 index in area 1010 and then 988-992.”
And 2 hours after the S&P500 open, I say:
“The S&P500 Low at 1011 can be the start to see a rally in the next 1-2 days. My analysis forecast a rally. After we broke down through the 1030 point, my first level that I give was 1010, which we reached with a fast descent.”
Here is the chart:
Then I forecast that the down move from 15 July was only a pullback, and it was an opportunity to take a Long position. So I give a buy signal on Monday.
Here what I wrote on Thursday, 15 July 2010:
“The forecast says to me that this is only a pullback, so an opportunity to buy from lower prices, but I could be wrong, so it is better to wait for some confirmation. For this reason I will wait until tomorrow, but I prefer to wait until Monday to enter long.
Here is the chart:
Then we arrived in August. I forecast a rally in the first 2 weeks and than a bad last 2 weeks period with a possible low in the 27 August-2 September window.
In particular I forecast a important price in the area of 1128/1130, like a top.
Then I was awaiting an intermediate high on 6 August, and a lateral period for some days, but in the update of Wednesday, 11 August, I alerted all my subscribers that the gap-down open was a signal to see a downward acceleration, and there was not a buy confirmation. My analysis was right.
I think that if you know where the real energy of the price is, the gap can help very much to identify price acceleration.
In the second half of August, like I said weeks back, I was waiting for weakness, and so I took a Long position only where the price gave me a good probability to see a little rally. (I don’t always take short positions because my work is easier if I trade in only one direction. This permits me to remain concentrated without being in a hurry, and it is easier for my subscribers to follow the trades, though they can make their own choice as to whether to trade long, short or both after I give my information).
I can do this because I think that I have found an important law that permits me to know where to look for high energy response points in price. So I take long positions when the Index meets this energy.
Last August, I alerted my subscribers to pay attention to the area 1035-1040.
Here is what I wrote:
24 August:
“My First Target Price is 1055, but I think that we will break this. Beneath it we see area 1035-1040 (PAY ATTENTION TO THIS LEVEL) and then area 1010-1012. If it were to break under 990-1000, then I expect to see a free fall”
31 August:
“I started some buying here, but not heavy. I will wait until the last moment, because I see weakness at least until tomorrow, before I enter more heavily.”
And here you can see all my operations on the chart (on the green points I entered Long and on the red points I exited my Long position):
When I bought at 1051 on the 31st of August, I divided this trade into 3 parts: 1/3 of my trade exit at 1181 for a first profit (+30 point). Then I exited at 1104 with the next 1/3 of my trade (+53 point), and I leave my last 1/3 part to follow the trend. (Then I closed it at 1122 = +71 point).
In you need further information, you can contact me at iloveiam@hotmail.it
My book explains how to calculate these important price points and some time cycles, so you can understand WHERE to pay attention! Price provides a map for your trading when you know where the energy points occur.
For full course details, contents, and more, see this link:
http://www.sacredscience.com/Prandelli/LawOfCauseAndEffect.htm Best,
Daniele Prandelli
April 15, 2010
In this Post I showed a chart and I wrote:
“…we are near to a strong resistance, AND WE ARE COMING UP ON TOPS THAT CAN REMAIN FOR MORE WEEK.”
“… I would enter SHORT when the market hits 1216 on the S&P500, with a stop-loss at 1224/1225.”
April 19, 2010
“If we overcome 1220 on the S&P500, we will have a confirm that we will go to 1250, but if we stay under this price, we must consider the possibility that we will need 2 months before we can see the Low from where we can than restart…”
April 28, 2010
… I wait to take Long position until June…”
May 3, 2010
“… I forecast more down movement because the monthly chart shows a reversal that could push the market under the April Low, at least under the 1060 point.”
May 5, 2010
“… my forecast was to see a Low in June, and then buy.”
May 13, 2010
“… after May 17/18, could restart the down move…”
May 20, 2010
“ if we break 1100 point, than I forecast more down move. And sincerely, I think it is what will happen.”
May 21, 2010
“The Accumulation area would be not over 1072/1040 point”
May 25, 2010
“ My ideal play? A Low in the first hour and then a up move for the Markets. If I see a Low around 1045 with a successive recovery, it would be a confirm (to buy) for me, with a Stop-Loss under the Low.”
In a comment from this day also I replied to one question saying that in my opinion I could wait to buy on the dates of 10 June or 29 June.
May 28, 2010
“I conclude saying that a weekly cycle obliged me to take in consideration the possibility that we must wait until the second half of June. Also June 29 is a possible Low…”
June
I Insert this Chart June 16, 2010:
Monday 14 June I Said:
“now we are near firsts resistances, to see the power of this up move. Area 1106 point (and then 1116)”
I post this Chart 25 June, 2010:
In June 17, 2010 I said:
“The S&P500 seems to have the power to break 1116 point, so the next price to take attention is area 1129/1130”
And June 14, 2010 I said:
“we can move up for more days, maybe up to June 21/22. After June 21/22 I forecast another weak period, for June 29 I expect a Low…”
At this point the Blog is transferred in the Private Blog, from June 28, 2010.
You can appreciate the important Price I give in my calls. After the break of 1035 in the end of June, I say that next target was 1010 and than area 988/992. The July 1, 2010 Low is at 1010,91 point. And in my book, "The Low of Cause & Effect" I forecast one years ago a important weekly reversal from end of June/beginning of July 2010.
All this precise time-price exemple, and how individualize this very importants prices, are explained in my book, so you will be able to understand why Gold made a Top at 1265 and why the S&P500 made a Top at 1219.
Ciao
Daniele Prandelli
US $/JAPAN YEN
Friday July 16, 2010 I said:
You can appreciate the important Price I give in my calls. After the break of 1035 in the end of June, I say that next target was 1010 and than area 988/992. The July 1, 2010 Low is at 1010,91 point. And in my book, "The Low of Cause & Effect" I forecast one years ago a important weekly reversal from end of June/beginning of July 2010.
All this precise time-price exemple, and how individualize this very importants prices, are explained in my book, so you will be able to understand why Gold made a Top at 1265 and why the S&P500 made a Top at 1219.
Ciao
Daniele Prandelli
US $/JAPAN YEN
Friday July 16, 2010 I said:
The US $/ Japan Yen now broken 87, and is possible that it arrive to hit 84,7
Now we look the Chart:
The Low is exactly 84,710!!! This is the proof that we are in the right way to understand the REAL CAUSE that define the Price.
I explain in "The Low of Cause and Effect" all of this calculus to define this Price.
Daniele Prandelli
