The plan B version for the C wave top of this small upside leg is around Monday as usually the C wave exceeds the A wave top and the only index which qualified for that criteria is the NDX so far. In Dow terms we will likely test the 200 MA around 8500 before turning back down. The sequence from new moon to full moon on the 9th will have worked as both are eclipses. The extension factor kicks in as Mars is nearing Jupiter in Aquarius which is extremely positive for TECH stocks as I pointed out earlier. The NDX will likely test the 1300 level again before turning down again. Se we have entered the extended version of this upleg but it will be a phony one as the lunar eclipse will be opposite Neptun which means that things might not turn out as presented like the plan Geithner will present on Monday for the banks rescue.
Friday, February 6, 2009
DOW tech and astro update
The plan B version for the C wave top of this small upside leg is around Monday as usually the C wave exceeds the A wave top and the only index which qualified for that criteria is the NDX so far. In Dow terms we will likely test the 200 MA around 8500 before turning back down. The sequence from new moon to full moon on the 9th will have worked as both are eclipses. The extension factor kicks in as Mars is nearing Jupiter in Aquarius which is extremely positive for TECH stocks as I pointed out earlier. The NDX will likely test the 1300 level again before turning down again. Se we have entered the extended version of this upleg but it will be a phony one as the lunar eclipse will be opposite Neptun which means that things might not turn out as presented like the plan Geithner will present on Monday for the banks rescue.
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