Yesterday's reversal was reversed today which is a very bullish sign going forward for this bear market rally. The test of the red 50 day MA is mandatory within 3 weeks but we will have on hurdle to take at some point we need to pull back not to the lows but a wave 2 down is mandatory and a likely point of time is next week as we are heading for a difficult New Moon in square to Pluto around the 26th but before that Mercury will be opposite Saturn on the famous Uranus / Saturn opposition axis which starts at the 19th. Hence the likely time frame for a setback is the 19th to the 26th with a retest of the 740 level.
Tuesday, March 17, 2009
DOW tech update - market update
Yesterday's reversal was reversed today which is a very bullish sign going forward for this bear market rally. The test of the red 50 day MA is mandatory within 3 weeks but we will have on hurdle to take at some point we need to pull back not to the lows but a wave 2 down is mandatory and a likely point of time is next week as we are heading for a difficult New Moon in square to Pluto around the 26th but before that Mercury will be opposite Saturn on the famous Uranus / Saturn opposition axis which starts at the 19th. Hence the likely time frame for a setback is the 19th to the 26th with a retest of the 740 level.
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