I continue to look for a pullback probably but not as far as
originally predicted. The market is soaring on the continued FED monetary
policy. As far as the FED is concerned watch what they do not what they say.
They are taking money from the poor and middle class. The beneficiaries are
the banks. Just look at the last decade.
FED monetary policy has been the source of the boom and bust stock market.
Another bust is ahead of us. We are in the biggest financial market
intervention in history. It's all fiat currency as Gold languishes due to
flagrant manipulation. Where is the mainstream financial press. Useless, as
they were in 2007 / 2008.
Following is a weekly chart for the SP500 showing the wild
swings created by the FEDs monetary policy.
In the middle of such melt ups it will be difficult to call
the turn. I'll try and call the approximate dates when we should get pullbacks.
There is a 27 week cycle coming up. Due the week of Nov 25
it could hit this week or the first week in December. Following is a weekly
chart of the SP500 showing this cycle (blue and green vertical lines.
This coming week we have Chiron turning direct on Nov 19,
the Sun entering Sagittarius on Nov 21 and Mercury transiting over the point of
the November 3rd Solar eclipse. I'll add the Sun square Neptune
of Nov 24. This often marks turns in many markets particularly equities and
Gold. This is the waning trine.
I think we get a turn down in the 1st 3 days of the week.
I think we get a turn down in the 1st 3 days of the week.
Don't discount the Sun changing signs. On the following
daily chart of the DJIA the red circles are the dates the Sun has changed signs
and the light blue circles show when the Sun enters cardinal signs (change of
seasons). The latter often being stronger turns.
Something more troubling are heliocentric aspects between
Uranus / Pluto and Jupiter. They are forming a heliocentric T-square. I've seen
many instances in the past where heliocentric outer aspects can result in
stress on the earthly plain.
In addition heliocentric Pluto is quite close to the
heliocentric South Node of Jupiter and heliocentric Jupiter is close to the
heliocentric North Node of Jupiter.
These could be earthquakes, volcanic eruptions, bad storms
or some other surprise disaster including financial disasters. Look to the
period from Nov 20 to Nov 28th for an event(s). Unfortunately I don't know where on the planet and the period could pass with no problems.
Gold
Watch Gold closely early in the week. We are either in the
21st week of the primary cycle (nominal 18 week) or the 5th week of a new
primary. Alone this would tell us nothing as it could go up or down. Looking at
the dma the 15 dma just crossed below the 45 dma which will be bearish if it
does not reverse quickly. A daily close below 1,280/GCZ or worse 1,234/GCZ
would be quite bearish.
The price action early in the week should be telling. Silver
is pointing to at least a short term move up. I'm watching to see if Gold
follows. Bear in mind the precious metals are more easily manipulated than
other markets due to their small relative size.
There is another astrological signature which is pointing to
a short move up ( a few days) then down possibly to year end or into January
2014.
Crude
I've been looking for a high in Crude around the first week
in Jan 2014. This is at the meeting of the 16 and 24 week cycles (blue &
red = green). This should mean a crest.
We need to see the 15 dma start to move up and the price
rise over the 15 dma. The Sun waning square to Neptune
on Nov 24 would be a good signature for a reversal in crude. Remember all dates
are +- 3 td's unless otherwise noted.
Natural Gas
NatGas may have put in a bottom at the 56 cd cycle bottom on
Nov 1. Note on the following chart of the NatGas ETF this was also the momentum
bottom. Price is now over the 15 dma. We need to see the 15dma start moving up.
Could you pls enlighten when is the likely short tern low for this week?
ReplyDeleteCould the low be on 19nov(when chiron direct and mars sextile jupiter) or on 21nov(sun enters sagi)? On 21 nov at about same time Sun enters Sagi.,moon conjunct jupiter , which is typically a top. With this aspect in mind, could 21nov still be a short term low? Thks and regards
From the post.
ReplyDelete"I think we get a turn down in the 1st 3 days of the week."
That's the turn. Not sure on the low.