Week of Aug 9, 2010

To repeat the quotation:

Neils Bohr
"Prediction is very difficult, especially about the future."

It is a difficult time right now.

That being the case here goes. We are looking for a significant top between now and August 23. Previously posted date were;
There are triggers
July 30, 31
Aug 3
Aug 6,9
Aug 20,23
Sept 23

All dates should be +- a couple. As a wiser man than me has said, "Don't make a fetish about exact dates". There's so much more to make fetishes about I guess.

To refine these dates we are now looking for CITs at

Aug 9,10 . This is at the 72td cycle and at a Perigee Moon. We continue in the Cardinal Climax period, which could affect any day, and maybe none.












At this time we are also assuming the early July lows were the 72 week low and therefore the nominal 18 week primary cycle low as well. As such we should expect a surge out of these lows which we are getting.

The next key dates for CITS are Aug 20, 23. Aug 20 has Mercury starting retrograde, the Sun opposing Neptune which is a Merriman 3* date and Venus at maximum elongation east of the Sun (Evening Star) and starting towards it's inferior conjunction. That weekend we have Saturn squared Pluto, a long term transit and Venus conjunct Mars. This time frame could tie into a 16 week cycle crest and then down.











Although we are looking for a CIT which would take the market down we should keep in mind the Summation Index is pointed up and quite strong. On the daily chart the 13 ema has crossed the 34 ema. The weekly charts look even stronger.











The bottom line. Let price action guide your decisions.

On other markets and commodities we have been looking for Gold to peak out soon and expect a decline to begin within the next 1 to 1 1/2 weeks. Silver would follow.

Cycle wise crude should fall into mid August.

With any analysis we put more emphasis on cycles, both market and astrological and technical analysis. We view the news as just interrupting the current cycles that are at play.

That said this is a news driven market with wild intra-day swings. We have the FED meeting on Tuesday with the possibility of further quantitative easing. This would have the short term effect of driving stocks, PM's and crude up and create a wild currency market.

Much more to say here but running out of time. One last point, without a chart, we had a target of 1140-1150 in the SP based on Fib retracements. We could certainly get there if additional quantitative easing is on the table.

And why did kamikaze pilots wear helmets? People want to know.