LunaticTrader

Investing with the Moon

Outlook June 20

Posted by Danny on June 20, 2011

The Nasdaq dropped 116 points in the lunar Red Period that just ended.
The market briefly touched the 2600 support level we mentioned last week.

Here is the updated Nasdaq chart (click for larger image):

 

Nasdaq

 

Now going into lunar Green Period we should see some kind of bounce here.
I am looking for a potential rise to 2700.
But we cannot rule out an ongoing downtrend, so we have to keep watching the 2600 support level, and be ready to get out if the downtrend resumes.

Good Luck, Danny

4 Responses to “Outlook June 20”

  1. vickv said

    Danny,
    Great advice, i greatly follow you almost on a daily basis to see whether you update any news on twitter even. would you mind commenting on EURO and Dollar if possible since Uncle Ben said or atleast interpreted by cnbc pundits that there won’t be QE3

    THANKS,
    vickv

    • Danny said

      Hi Vickv,

      Euro and dollar are not included in LunaticTrader program, but I do cover them in our irregular Four Pillars Finance newsletter and blog ( see: http://fourpillarsfinance.wordpress.com/ ).

      Next version of LunaticTrader program will add gold and bonds(interest rates), because these also display a noticable lunar effect.

      Danny

      • vickv said

        Danny,

        Good morning,

        thanks for reply ; yes also i follow Four pillars site regularly

        but it has not been updated recently so i wrote but when you update Lunatic trader please let me know

        thanks again and have a Great day

        vickv

      • Danny said

        FPF is much more long term and we update it once in a while, basically when time permits.
        It is a free service after all.

        Danny

Post a comment (disagreement also welcome):

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: