January-FinalWeek
Posted by Danny on January 25, 2010
Markets behaving as expected with a strong downward move last week.
The long term uptrend line is now clearly broken, which means we could easily be at the start of a prolonged downtrend. Hold on to short positions if you took them.
We will get peak lunar Declination on Tuesday, which may well mark some bounce high, but look for stocks to continue downward this week.
Full Moon and extreme Lunar Distance will come next Saturday.
Good luck, Danny
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This entry was posted on January 25, 2010 at 3:26 pm and is filed under Market Commentary.
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January-FinalWeek
Posted by Danny on January 25, 2010
Markets behaving as expected with a strong downward move last week.
The long term uptrend line is now clearly broken, which means we could easily be at the start of a prolonged downtrend. Hold on to short positions if you took them.
We will get peak lunar Declination on Tuesday, which may well mark some bounce high, but look for stocks to continue downward this week.
Full Moon and extreme Lunar Distance will come next Saturday.
Good luck, Danny
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This entry was posted on January 25, 2010 at 3:26 pm and is filed under Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.