LunaticTrader

Investing with the Moon

Outlook-1st-February

Posted by Danny on February 1, 2010

Last week’s prognosis was right on the mark.

Tuesday marked a rebound high and next stocks continued lower, finishing with strong losses for the week.
We got Full Moon and Perigee over the weekend, and this week we will enter the more positive new Moon period.

Look for some upward action with some stocks trying to recapture recent losses.
If you took short positions two weeks ago, then take at least part of your profits now.
Then look for a chance to re-enter on higher prices.

We will get extreme Latitude on late Wednesday, but this is likely to become an up week.

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