The last two dates, April 27/28 worked out rather well. We may be in a short term bounce with more downside to come. Cycle wise a timeframe around May 11th, when Mercury goes direct, would be good timing for a more serious correction. We are in currently in the 12th week of the primary cycle.
Cycle wise Oil should be making a short term hight around May 2-7 and Gold as well, although Gold may crest out a little later around May 10-11.
There are currently a number of events which could affect the stock market, Gulf Oil spill etc. The most significant event, the sinking of the South Korean warship back on March 26. There appears to be strong evidence that it was North Korea, yet there is only cursory mention of these events in the mainstream media. Apparently there was at least one South Korean official who stated they would not challenge North Korea on this action due to it's negative effect on the economy. The link this was wriiten on has since been deleted.
This should be a lesson for all of us. If there is a significant event it can be covered up by mainstream media who effectively ignore the event. Be on guard, your freedoms are being taken away by such actions.
http://news.bbc.co.uk/2/hi/asia-pacific/8648970.stm
More later.....
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