Weak
Posted by Danny on April 23, 2012
It looks like we are having a very weak lunar Green Period. The market rebounded early in the week but has given up the gains already.
This confirms that the path of least resistance is now down.
Let’s take a look at the S&P 500 chart again (click for larger image):
With a new lunar Red period coming up, I would look for the market to fall further over the next couple of weeks.
First target is 1340 and then 1300.
Be well, Danny
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This entry was posted on April 23, 2012 at 6:03 pm and is filed under Market Commentary.
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LunaticTrader
Weak
Posted by Danny on April 23, 2012
It looks like we are having a very weak lunar Green Period. The market rebounded early in the week but has given up the gains already.
This confirms that the path of least resistance is now down.
Let’s take a look at the S&P 500 chart again (click for larger image):
With a new lunar Red period coming up, I would look for the market to fall further over the next couple of weeks.
First target is 1340 and then 1300.
Be well, Danny
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This entry was posted on April 23, 2012 at 6:03 pm and is filed under Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.