LunaticTrader

Investing with the Moon

Outlook 1 March

Posted by Danny on March 1, 2010

Stock markets put in a high on Monday’s Declination extreme.
But the downside action has been very mild, producing a relatively flat week.

Early Wednesday we will get extreme Latitude and the start of the next New Moon period.
Given that our Full Moon period and a number of bad economic news reports did not produce significant downside action, suggests that the path of least resistance is up for the moment.

A retest of the January highs is becoming quite likely in the next few weeks.
Lunar cycles suggest a potential top around 17 March or 22 March.

Cheers, Danny

One Response to “Outlook 1 March”

  1. […] 22, 2010 The Nasdaq briefly touched the 2400 level on 17th March, a date we singled out in our March 1 Outlook […]

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