DOW outlook

The upmove ended almost as expected with the window dressing - I thought to day might start out a bit stronger before turning down. That is even a more negative signal as that confirms that the upmove was pure manipulation. Any way in tch trms that does not matter as the market heads to the natural point it has to test yet the 2002 low that is lower Currently the DOW is at the 200 month MA
around 8500 and as you can see we broke a major trendline 2 months ago and confirmed it by a second and even weaker close. The market is also expensive at these levels and that is a reason to take profits or sell for those who have to due to customer redemptions. The lows are not in yet and we are heading for an ugly Full Moon at the 12th which will be exactely square the Saturn Uranus opposition which has brought markets down sharply. The good influence ends today from the stars and (other forces like funds who wanted higher prices). Dec will be tricky though as we head lower now but I am sure that like around TG some people have big interest to get the market higher at yearend. We look into that as the week developes but within 2 months we will see new lows or in case of the DOW have tested the 2002 lows.