LunaticTrader

Investing with the Moon

Outlook April 19

Posted by Danny on April 19, 2011

Sorry for being a day late.
Very busy for the moment.

Markets are keeping up with our lunar cycles very well for the moment.
The Nasdaq has dropped to near 2700, the target we set last week.

With only a few more days of lunar Red Period to go we can start looking ahead for the upcoming Green Period.
Provided that the Nasdaq holds 2700 and stays in its uptrendchannel, we can do some buying here.
We are well set to see a climb back up to 2800 in the next couple of weeks.
But we better get out if there is a close below 2700.

Here is the current chart (click for larger image):

Nasdaq

Good luck, Danny

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