50 Week Low Continued....

We are still waiting for the 50 week low and are sitting on shorts. It should be pointed out we had Feb 5th as the 6th week low, however, that low satisfied all minimum requirements for a 50 week low. If short we must be most careful here.

The SP500 has shown some bullishness since the Feb 5 low. If this index breaks above 1120 and therefore also above the 61/8% retracement we will be closing short position, though not necessarily going long. It is surprising that with all the negative news, FED rates, Greece Dubai etc. etc. the market is still bullish.



Even with this somewhat bullish picture, the Astros coming up in March should be more bearish. We still like the dates around March 10 and March 17 as lows, or atleast CITs (change in trend).

During March we will have the Sun, Mercury and Venus translating the Saturn / Uranus / Pluto opposition / square. All Astros nuts should agree, this would be good timing for a low. Unfortunately it may also indicate some rather nasty (geopolitical or earth disturbances) world events.

Watch the US$ to get a position on stocks, gold and crude as well. We could see it pull back into early March which would give a surge to stocks, gold and crude.

Le Corbusier
”Behind the wall, the Gods play with numbers"