“With the Moon and Jupiter in Aries joining Uranus in Aries, the market may decide it’s time to plough full speed ahead into risk. However, Jupiter conjoining Uranus in Aries might expand the scope of risk to be investing in U.S. sovereign debt and the dollar trade. It’s all a matter of whatever Jupiter and Uranus thinks has become exaggerated and overblown that presents the potential for a reversal. With Jupiter and Uranus conjoined in Aries, risks could change in a nanosecond. Jupiter was last in Aries from February 1999 to February 2000, corresponding to the peak of the dot com bubble. The 1987 crash occurred during the prior transit of Jupiter in Aries”.
So it means that anytime in the day it could reverse, but I think it will close day, and rally on Wednesday. Just have too wait and see tomorrow and watch what levels we hit.
That is correct, and in line with what I'm thinking too. From an Astrology standpoint, June 8th is a reversal date, which lines up with BAM Investors too.
I'm looking for a flush out, to get all the bears on board short. Very few bears in the market now, as they have been burnt too many times.
Without bears to squeeze, how are you going to rally the market? They need bears to go short, and I believe many will do so once we pierce the magical 1000 level.
Then you put on the brakes and reverse hard and create a 3-5 day rally. Bears get squeezed out again, and go back to sitting on the sideline in disbelief. Bulls think the correction is over… then BAM, you dump the market again for an entire week.
It's perfect really, as the moving averages will probably get the death cross just before the dump in the market. Of course all the fund managers will see that, and they will all hit the panic button.
Lot's of people don't look at the weekly and monthly charts, so they won't believe the sell off is real, until it's over. I know I didn't look at the longer term charts last year, and that's exactly why I kept losing money by shorting the market when it was clearly showing up bullish on those charts.
Baminvestor said the market would turn down heavily from the 4th-8th of June and would also turn down heavily June 21st (monday) BUT +,- a couple or few days. (Previously I said the market would bottom on the 21st).
Minus a few days from the 21st could be Wed/thurs 16th and 17 of June as the start of another downturn.
Nenner said Nasdaq bottoms on the 18th which is opx friday
so one bottom tomorrow or a little after then a rally, then another huge tumble going into opx. Just thinking out loud.
Here's the exact quote:
“With the Moon and Jupiter in Aries joining Uranus in Aries, the market may decide it’s time to plough full speed ahead into risk. However, Jupiter conjoining Uranus in Aries might expand the scope of risk to be investing in U.S. sovereign debt and the dollar trade. It’s all a matter of whatever Jupiter and Uranus thinks has become exaggerated and overblown that presents the potential for a reversal. With Jupiter and Uranus conjoined in Aries, risks could change in a nanosecond. Jupiter was last in Aries from February 1999 to February 2000, corresponding to the peak of the dot com bubble. The 1987 crash occurred during the prior transit of Jupiter in Aries”.
So it means that anytime in the day it could reverse, but I think it will close day, and rally on Wednesday. Just have too wait and see tomorrow and watch what levels we hit.
When you say…”From an Astrology standpoint, June 8th is a reversal date, which lines up with BAM Investors too.”
You mean we bottom on the 8th tomorrow Wed and then head up?
Totally agree with you two…Train is on the right track to the south.
Ben,
That is correct, and in line with what I'm thinking too. From an Astrology standpoint, June 8th is a reversal date, which lines up with BAM Investors too.
I'm looking for a flush out, to get all the bears on board short. Very few bears in the market now, as they have been burnt too many times.
Without bears to squeeze, how are you going to rally the market? They need bears to go short, and I believe many will do so once we pierce the magical 1000 level.
Then you put on the brakes and reverse hard and create a 3-5 day rally. Bears get squeezed out again, and go back to sitting on the sideline in disbelief. Bulls think the correction is over… then BAM, you dump the market again for an entire week.
It's perfect really, as the moving averages will probably get the death cross just before the dump in the market. Of course all the fund managers will see that, and they will all hit the panic button.
Lot's of people don't look at the weekly and monthly charts, so they won't believe the sell off is real, until it's over. I know I didn't look at the longer term charts last year, and that's exactly why I kept losing money by shorting the market when it was clearly showing up bullish on those charts.
You live and learn I guess… hopefully you learn.
I should post a correction on yest. post
Monacidern take note
Baminvestor said the market would turn down heavily from the 4th-8th of June and would also turn down heavily June 21st (monday) BUT +,- a couple or few days. (Previously I said the market would bottom on the 21st).
Minus a few days from the 21st could be Wed/thurs 16th and 17 of June as the start of another downturn.
Nenner said Nasdaq bottoms on the 18th which is opx friday
so one bottom tomorrow or a little after then a rally, then another huge tumble going into opx. Just thinking out loud.
Thanks, I'll go drop by and watch it. No one hanging out in HOB chat I guess? I get tired of it too sometimes.
TK has a really good video tonight.
He says there is too much fear on the bear's part.
Maybe everyone is still in shock that the market didn't rally today? Or, everyone is going on summer vacation early?
very quiet in the blogosphere tonight, strange after such a good sell off today
Thanks…
Let's just hope we get a nice flush out tomorrow, and big rally back up, so we can all get short again.