LunaticTrader

Investing with the Moon

Outlook June 13

Posted by Danny on June 13, 2011

Stock markets continued to decline last week, the start of a bigger move or just a temporary hiccup?
Let’s have a look what our lunar cycles suggest.
Here is an updated chart of the Nasdaq (click for larger image):

Nasdaq

This is a longer term chart showing the entire move from the March 2009 lows. Look for the market to find support near 2600, if that level breaks then 2400 becomes the next target.

With another week of lunar Red period coming up we could test the 2600 level as early as this week. You can do some short term speculative buying in that case, with a stop-loss around 2550.
But we will first need to see some signs of strength before we can do more long term buying.
The market will tell us when the time is right.

Stay tuned. Danny

2 Responses to “Outlook June 13”

  1. Ptolemy said

    Danny,
    Thanks as always. I find your comments and technique very insightful.

    Could you clarify my confusion?

    On June 6, you said “We just finished a very weak lunar Green Period.” Now you’re saying “With another week of lunar Red period coming up,” does that mean last week was also a red period, or something else? Are red and green periods always/roughly two weeks in length?

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