LunaticTrader

Investing with the Moon

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 920 other subscribers
  • Archives

  • Categories

  • Tags

    $EURUSD 1920s Bitcoin bonds Brazil Brexit China crash Crude Oil DAX Dow 32000 Dow Jones Industrial Average Earl Eclipse Euro financial astrology FTSE 100 Index gold Greece Hong Kong iceberg key levels long term LT wave lunar cycle lunar cycles mania Market trend method MoM monthly Nasdaq Nikkei oil Oil Prices outlook QE Quantitative easing reversal levels S&P 500 SKEW solar cycle stock market stocks strategy Sunspot Technical analysis TLT VIX weekly

Outlook 26 December

Posted by Dan on December 26, 2011

This is our last weekly outlook for 2011.
Markets rose nicely last week, pretty much as expected.

Let’s have a look at the Nasdaq chart (click for larger imaage);

Nasdaq

We remain in a sideways market without clear direction.
Our lunar Green period is about to end, so we will start the new year in Red Period.
Of course, the thin trading in a holiday shortened week can lead to unusual moves and there may be market participants who try to use it to push the Nasdaq above the recent resistance levels (~ 2650 on the Nasdaq).

We are setting up for a major move up or down, which is likely to start in January or February.
The likely direction of the move is going to be UP.
Be ready to buy if the Nasdaq goes above 2700.
More about this in my upcoming annual forecasts.

Happy holidays.
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 )

Connecting to %s

 
%d bloggers like this: