March 30, 2011

It would appear the low in stocks many had been waiting for was March 16th. If so, and this was the 9 month cycle low then the stock market express should be starting up again. Looking for a top in June of this year.

Before we jump in again, waiting for the Mercury retrograde, which is tonight. Stocks or some other market often reverse around the Mercury retrograde date +- 3 trading days. In this instance Mercury is in Aries which can make it more volatile.

In addition to the Mercury retrograde we are in the middle of a number of volatile Mars aspects and a nasty new Moon on April 3.

For the above reasons we will wait until Monday to decide whether to get back in the markets. We are holding the gold shorts mentioned earlier but do not like the price action and therefore may be sellers today.

Following is recent Mercury retrograde history. Red arrow to left, retrograde. Blue arrow to right direct. Shadow date is the date Mercury returns to its retrograde position.