Everything can look different. In these days it is slowing down, will be stationary till November 4, and then the lights will be switched on, and the real show will begin. Secrets will unfold, and we shall see. This situation reminds me of Saramago's excellent book : Blindness. You should read it ! But back to the markets. The low of October 10 was not yet broken, so we might believe that that's it, the bear felt the smell of the winter, and left for his winter-nap. The problem is, that the graphs show a different scenario. Although the index went up from 7773 to 9794, the Macd, the Roc, the slow stoc, and the MFI, all point to an " end " of these few positive days, and from here it can fell again if it will not climb above 9794. If the Dow will go above 9800 next targets: 10520,10744,10968. Pls. check the graph below to see graphs go to : http://astroworld.co.il/default.asp?iId=KJEHJ Days to watch : Nov 3,17, 29, Dec 10. The problem is, that there are quite a few negative influences from various planets. Venus 90 Saturn 3.11.2008 Venus 90 Uranus 3.11.2008 Mars 90 Neptune 4.11.2008 Saturn 180 Uranus 4.11.2008 Sun 90 Node 5.11.2008 Sun 90 S.Node 5.11.2008 Moon 180 S.Node 6.11.2008 Moon 90 Mars 6.11.2008 Sun 90 Moon 6.11.2008
So I think the Dow will recheck the Lows of early October. Will it stop there? We shall follow closely the next historical days. Keep your stops tight! Good trading. 1.Nov 2008. Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume any responsibility at all for those individual decisions. |