Well we were looking for a pull back, but somewhat surprised by it's intensity.
Our short term outlook is as follows.
Stocks rebound somewhere between May 7 and May 11th and continue up until somewhere bewteen May 17-19 then down into June 6-10th. Markets should rally for a few weeks after that but major problems are on the horizon somewhere bewteen late July and the Fall 2010.
Gold should reverse either May 10-12 or May 17-21 with emphasis on the former. If Gold reverses in the May 10-12th time frame it could be sharp and severe. After that we are looking at October 2010 for Gold.
Chart added May 8, 2010. The red lines are 60 cd's. Heliocentric Mercury is still in Sagitarius, however, Geocentric Mercury turns direct on the evening of May 11th.
Oil should reverse either around May 7th or May 17-21 after which it should rally into July 2010.
Charts added May 8, 2010
The 16 and 24 week cycles hit in early May.
The 120cd cycle hits this week.
Remember all dates are subject to change as time progresses and are all +- a few.
This is simply the current roadmap for planning trades. Without a roadmap any road will do.
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