LunaticTrader

Investing with the Moon

Outlook July 13

Posted by Danny on July 13, 2011

Sorry, being a couple days late this week.

The market is clearly stagnating now, not surprising in a lunar Red Period.
Here we have the current Nasdaq chart (click for larger image):

Nasdaq

Could be a potentially double top here, but a setback is not so surprising after such a steep rally.
We remain in Red Period, so let the market correct for now.
I would not be surprised to see the Nasdaq push towards 3000 in one of the next Green Periods.
But first we have see how the current lunar Red period works out.
More next week…

Danny.

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