Friday, October 15, 2010

Week of Oct 18

It looks like the last post labeled Oct 12 should have been Oct 13. That currently appears to have been the high, one day off.

On Friday Oct 15, the SP500 was finding resistance at 78.6% of the move from the highs in April '10 to the low July 1 '10. This is approx. 1,176.

We may be looking at a pull back into next week. The full moon on Oct 22 may be a good target short term. This also has Mars squared Neptune and is one day off the Sun moving into Scorpio.

If we are looking at a short term pull back in stocks I would expect a short term reversal in the US$ plunge. The following daily chart shows the full moon and the fact it often reverses (short term) near full moon dates. Note that says often, not always. For interests sake this is the second full moon in Aries in a row. Other than that they do not have much in common.











A short term pull back in the US$ should coincide with a pull back in precious metals, oil, commodities etc.

Gold may also be near a s/t crest. The following daily gold chart shows the 118 cd chart. The red dots are Moon Pluto conjunctions.

To reiterate from previous post, all dates given, unless noted otherwise are +- 3 days.

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