It should be noted we are taking the position of shorting all rallies from here. Good spots would be the 38.2% retracement at 1085 and the 50% retracement at 1097.7. These retracements are from the recent top and thus short term targets.
We are expecting the down move is still in force and will be looking for continued downside action around Feb 16 -17. There are always many Astro signatures, the following are of note during this time frame:
Feb 11 Venus enters Pisces
Feb 12 New Moon (has been a good marker for s/t highs recently)
Feb 13 Mercury Trine Saturn
Feb 14 Sun conjunct Neptune (good history of marking CITs)
Any short term rallies should only last 1-3 days.
We are looking for something dramatic in mid March 2010, that is bewteen March 10-17.
This is the timeframe for the 50 week cycle trough. This is one we do not want to miss as we expect the market to rocket up at the 50 week cycle low.
The relevant Astros possiblt marking the bottom are:
March 10 Mars direct
March 15 New moon very close to Uranus
March 17 Sun conjunct Uranus and Uranus shadow date from it's last retrograde period. This is also the week where Saturn is 1/2 the way through it's retrograde cycle.
For those following gold or currencies heliocentric mercury enters Sagittarius today. Helio centric Mercury will also be squaring both Venus and Jupiter on Feb 9. I am expecting great volatility in currencies and precious metals next week.
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