Just back from Greece, so only a quick note today. I will post some extra updates later this week. We got some swift move downwards last week, especially in the Nikkei index. But our lunar red period is now ending, which opens the door for another rally. This is the current chart for the Nasdaq… Continue reading Grinding up
Tag: Nasdaq
Is it a lemming market?
Markets have added to gains, and it is now clear that we enjoyed a very strong eclipse green period. We will be entering a new lunar red period this week, so this could be an important juncture. Here is the current chart of the Nasdaq composite index (click for larger image): The breakout to the… Continue reading Is it a lemming market?
D Time
Markets recovered surprisingly well last week, but despite this recovery the lunar red period ended with a slight loss on the Nasdaq. We now enter a new green period, what’s in store? Here is the Nasdaq chart (click for larger image): This looks like a potential double top. We cannot rule out a further rise… Continue reading D Time
Long term Nasdaq chart
This is an update to the long term outlook we presented in February. We pointed out that the 3200-3300 level on the Nasdaq was going to be a tough resistance zone. And indeed, the market has now spent several months trying to overcome that level, and failing so far, with the Nasdaq currently sitting at… Continue reading Long term Nasdaq chart
Eclipses and the Stock Market
We are entering the first eclipse season of the year, so today I will share some research before we present our current interpretation of the market. Upcoming lunar and solar eclipses are known in advance and sometimes announced in the news. And on astrology related sites you will usually find forecasts about the impending disasters… Continue reading Eclipses and the Stock Market
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