It is literally mid night and all futures are very down and getting down more.
Nikkei, DAX and almost all other futures are going to be down with the date 16th May. Totally opposite of 9th Sunday when all futures were up in the sky.
Crude oil June futures are touching 70$.
As per my blog Fri Cotton is the only future that is floating well along with Gold and Silver.
I am trying to study if Gold is going inverse to the general markets.
However when there is general panic even Gold goes down.
Yet the only thing that goes up in these gloomy hours is Treasuries and precious metals that are essentially traded like currencies.
Euro is literally sinking currently at 122.90 but I think it may do some improvement shortly.
USD Index is pretty high that shows that US currency is an important refuge besides Gold and Silver. Japanese Yen is also up for technical reasons.
I have some interesting work going on researching certain hidden aspects of the markets.
17th was a down day in my reading but I hope it changes during the day on 17th morning even though I am not sure despite that I had calculated that the positive energy that I had for 18th may advance on 17th:)
I have found the answer somewhat to my one day mistake and am working to polish my work.
I hope 17th May trading brings some positive news. British Petroleum has covered partly its spill and pray that they can cover the rest too. Even though unfortunately after studying the natal chart of British Petroleum I saw that their real problem began on 13th night / 14th April they must have kept it hidden till the rig actually broke down and sank. There was the worst possible combination of over 16 aspects that are enough to bring all bad and disasters to an entity. The worst aspect happening on 24th April literally made this crisis worse. Even though BP has positive time but from 24/25th/26th May their problems will reappear unfortunately, if they do not take some extreme actions and hopefully they are already doing that.
I have done some comprehensive studies on some major entities and corporations and I can help them advancing their disasters but believe or not few people are interested in believing the esoteric sciences. I wrote a mail from BP site 2 weeks ago but they never even cared to reply. The pinpointd research I did on BP and Trans Ocean spoke loudly the potential disaster.
I can advance the worst case scenarios one year in advance or more but most business people are arrogant and poorly informed on alternative sources of forecasting.
Non the less we pray that We all can save this planet and financial markets do not drown like the BP Rig. Good news is that soon things will shine again.
+ Please see the comments section for further opinions and projections for the week.
March 8 Friday what next
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The slightly more bullish wave count would be if the high was 3 of a die
tri and now going up in the wave 5 of die tri. Then back to 1530's
> The post at...
2 months ago
Posts
Your blog of last week said 17th should be weak. It appears to be that for now. Your projection of Gold you posted in early May made me real good help. Thank you.
ReplyDeleteGood Morning Friends
ReplyDeleteMarket continues to be weak. This is exactly what I saw almost 10/11 hours ago during the Asia session and premarket hour of Europe. Europe made some gains later on.
That was because 16th was supposed to be worse than 17th and 16th energy was to be applied to Asia which dropped all previous gains.
Will post something later on.
If you are holding a Gold or related stocks or ETFs position you could keep it till 20th.
Situation of the market may change later in the day where there may be some cheering news.
GM Astral - will welcome your view on metals and oil ... heavily underwater at this point...
ReplyDeleteThanks,
AS2009
we held so far 111.77 which is the 41% fib no lets see if we get the gap filled.
ReplyDelete= 122.12 from 104.58 (spy)
Waterbaby
ReplyDeleteYou are absolutely right. I think the gaps are like wounds which must be filled but they leave a scar:)
I think your projection is literally coming true. If the true and absolute gap is to be filled we may continue to have this sinking day.
There is some positive energy this evening which may open some Asian markets up but at Europe open there is a major cross coming again and this can either uplift them or bring them down badly.
Later around US open things will begin to settle down.
Lets say if the gap can be filled today even partially how do you see the next course?
Dear AS2009
ReplyDeleteI hear you bro. I will get back to you shortly later today. However all floods subside after a certain time. Idea is not to drown and survive these floody days:)
For oil except some short cover business if someone can wait for about [less than] 2 weeks it would be great.
For Gold it may remain at a higher high till 19th. On short term Gold may sustain well.
I will revert with details shortly.
Astral,
ReplyDelete10point gap down didnt happen, but major down move did happen.
If I read this market right, bounce to 1150-60 may be the next major move.
Oh Greg this is real synchronization. I was posting a message for you while watching BUCY and thinking of your comment of late Fri.
ReplyDeleteAbsolutely you and Waterbaby friend were right. The move was pretty intense and yet the gap is still there:) persistent.
I think the evening futures will be fun to watch. I unfortunately made a long move on Thursday close as per my assertion for Fri but it was unwise.
I just wish that 18th energy as I see it shows some reaction and there could be a rally day. There are many oversold assets, commodities, stocks and stuff.
I have as per my notes 2 up days next week and rest kind of moderate or very negative. In fact I see the same pattern of 4-7 May days this week. I dont know if that may happen.
I want to get rid of my long position this week or I will have to wait for first week June. But my view is not very positive despite that there is a possibility of some unnatural move in next 11 days however by all means it may not happen.
This being an OPEX week we may have some move on Tuesday, Wed and Thursday.
I frankly felt last week on 12th that we are on a cliff but I was not believing my projections. I have found a way to project Gold but I am trying to see its correlation with Gold stocks, besides the metal based ETFs.
In your experience do you think Gold Mine stocks move as per the Gold commodity price?
Yeah Astral - OPEX may keep the market afloat, but dont know after that. I think the best approach would be to go long strong stocks and hedge with some SPY puts, in case something bad plays out. I am still holding BUCY, but my patience is wearing thin.
ReplyDeleteDear Greg
ReplyDeleteThank you for your comment. Well let me tell you that Tuesday may be an up day. So can be possibly Wed or Thursday I have to still see from my reading. My strategy would be to sell my long Tuesday if there is a rally and then go short with some hedge.
I think EURO, Oil and Stocks may go up Tuesday and Gold may take a breathe.
I will keep my shorts for some time. I do feel there could be only one and half day next week that could be considered positive that is Monday and another day perhaps 28th. However unless there is some real real interest by smart money we should consider 10 days from 19th weak.
I will analyze carefully 19th and 20th again.
I will post now on Gold one day before the move. I think BUCY was upgraded today by an analyst and it shows good technical play despite that if you could get out of it one of these days it would be better.
I will think of going long only on 29th or 31st now.
AS : You may have some good move Tuesday and see how it goes. What is your current position? If you could get a lift best would be to get out. Will discuss more later when you post.
The qqqq filled the gap form the Monday, Spy did not, but looks like a reversal Day= A Buy on the dips. looks like the mark is 61.8%
ReplyDeleteWaterbaby Thanks.
ReplyDeleteSo you think the gap of past week is now more or less covered?
I think tonight around Asia open some commodities and indexes may do some move. Tuesday morning there could be some strange reversal before open but I guess Tuesday should be an up day.
What happens from tomorrows close may not be very normal.
Astral - long USO and AKS June calls - positions are 70% underwater .... I did go long 1 uso call at EOD - which is BE ....
ReplyDeleteAS2009
remember the birthday for the NYSE is TODAY
ReplyDelete17 MAY 1892 @ 12NOON
and tommorow its the birthday of the LONDON STOCK EXCHANGE
18 MAY 1801 @ 12NOON
nice how they are one 24hrs apart...i wonder why????
notice how they bounced the index right at 12noon....ha
ReplyDeletecould the birthdays of the exchanges be synchronized so that markets could use the same charts???? ....ha
ReplyDeleteDear Klout
ReplyDeleteWelcome!! Absolutely amazing.
I have always wondered but let me tell you that irrespective of their dates I find many commonalities among them. It is all very unbelievable but it works.
I will run a study on your question and get back to you with some details. I never really compared them.
However They all have similar patterns.
Well meanwhile Happy birthday to NYSE and LSE.
NY and London both have something to do with Saturn and Pluto always somehow.
Klout speaking of synchronicity have you noticed that Brazil, part of China, Greece, Thailand, Poland and a few more countries have an astro element in common.
ReplyDeleteThats why See what happened in past 2 months in these countries and going to happen for 2 more months. People dont want to believe but I saw these events last year. Poland lost its entire leadership. Greece is financially bankrupt. Brazil, Thai and Chinese have myriad problems.
The world does not understand the mysterious grid of geo-cosmic life:) It is their loss.
Klout By the way forgot to mention that real date of NYSE was originally 17 May 1792
ReplyDeleteand around peak of 2008 it had 22.5 trillion dollars traded there making it the largest one.
Even though London SE was setup in 1801 the stocks were traded in London since end 1600s making the first city where "Joint stock companies" were traded.