We seem to be locked into an 8 day or 52 hour cycle;
Oct9
oct19
oct31
nov12
nov 26 was 9 days due to the 1/2 day on the 23rd.
Dec 6th
Dec 18
Dec 31
jan11- 2008
jan 23
Any one catch Charles Nenner interview on CNBC;
I have claimed many times, the markets are NOT controlled by the news, and yet there are so many newcomers in the last 5 years who swear by the newsmaking the market- WELL a rally or decline would have ocurred anyway with or without the news, and thus a .50 bp rate cut will give the players a reason to see a rally, its not what actually made teh rally happen, IT WOULD HAVE HAPPENNED ANYWAY.
When the market goes UP 300 points, everyone goes home happy nd doesnt question why.
when the mkt drops 300 pts, EVERYONE want to know WHY, WHY WHY.
OK, enuf preaching, lets move on.
Jupiter 0 Pluto is a very powerful force indicating a rare transformation.
Dec 17 has MERC 0 Sun and should top out the market thru xmas.
Year end rally should carry till Jan 2nd and maybe reach a secondary high on the 11th before treading water till months end.
according to Nenner, Feb and March could be 10% to 15% DOWN again.
He also mentioned multiple 10% swings next year.
I have found a PC ratio that does seem very sensitive to identify when a rally is going to occur.
It appears the LOWER the ratio, the higher the chance for a decline the next day, and vice versa.
I only have a few weeks data, so more study is required.
Monday and Tuesday have been called for unusual downside bias by one associate uisng his propietary methods and he has been 80% accurate with his calls.
I guess the mrkt wants to shake out the weak players before running it up the flagpole to the 18th.
best wishes
Jay
1 comment:
"I have claimed many times, the markets are NOT controlled by the news, and yet there are so many newcomers in the last 5 years who swear by the newsmaking the market"
how do explain the sell off today just minutes after the FED NEWS??
I think a blended technical/funda-
mental approach is best. Good blog
and good trading
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