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VENUS OPPOSE URANUS
Some say this is one of the most reliable reversal indicators. So, I threw together charts of the last seven time it happened. You be the judge.
View charts
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RECAP FOR THE WEEK OF: Oct 05, 2009
Expect market to move down
Other services are posting strongly negative comments: "GO 100% SHORT NOW!!!, THIS IS IT! POSSIBLE MOTHER OF ALL DECLINES."
The big mover this week should be Monday. A possible BLACK Monday at that.
Follow Up
Tuesday was the big mover (DJI +131) with Monday a close second (DJI +112).
Market went straight up.
View past OEX REVERSAL dates.
FORECAST FOR THE WEEK OF: Oct 12, 2009
Expect market to reverse its direction mid-week.
Intermarket bearish divergence in world markets is now in its third week. Market resilience is puzzling. We still have low momentum and volume also.
Monday or Tuesday will see the most action. Lots of cycles turning around this time.
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RECENT SINGLE DAY MOVER PREDICTION RESULTS
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WEEK OF
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PREDICTED
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ACTUAL
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NOTE
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| 05/04 |
05/04 |
|
05/04 |
|
| 05/11 |
05/11 |
|
05/13 |
11th was 2nd |
| 05/18 |
05/18 |
|
05/18 |
|
| 05/18 |
5/21 2nd |
|
5/21 was 2nd |
|
| 05/25 |
05/26 or 05/27 |
|
05/26 |
27th was 2nd |
| 06/01 |
06/01 |
|
06/01 |
|
|
06/08
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06/11 or 06/12
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|
06/11
|
12th was 2nd
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| 06/15 |
06/15 |
 |
06/15 |
|
| 06/22 |
06/22 |
|
06/22 |
|
| 06/29 |
06/29 |
|
07/02 |
06/29 was 2nd |
| 07/06 |
07/06 |
1 |
07/07 |
Off by one |
| 07/20 |
07/20 |
|
07/23 |
07/20 was 2nd |
| 07/27 |
07/29 |
1 |
07/30 |
Off by one |
| 08/10 |
08/10 |
|
08/12 |
Missed |
| 08/17 |
08/17 |
|
08/17 |
|
| 08/24 |
08/26 |
1 |
08/27 |
Off by one |
| 08/31 |
09/01 |
|
09/01 |
|
| 09/07 |
09/10 |
|
09/10 |
|
| 09/14 |
09/17 |
1 |
09/16 |
Off by one |
| 09/21 |
09/23 |
|
09/23 |
|
| 09/28 |
10/01 |
|
10/01 |
|
| 10/05 |
10/05 |
1 |
10/06 |
Off by one |
|
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FINANCIAL EVENTS THIS COMING WEEK
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Monday, 12-Oct-2009
12:00 Columbus Day Holiday in US
Tuesday, 13-Oct-2009
07:45 ICSC-Goldman Store Sales
08:55 Redbook
11:00 4-Week Bill Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
02:00 Treasury Budget
Wednesday, 14-Oct-2009
07:00 MBA Purchase Applications
08:30 Retail Sales
08:30 Import and Export Prices
10:00 Business Inventories
01:00 4-Week Bill Auction
02:00 FOMC Minutes
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Thursday, 15-Oct-2009
08:30 Consumer Price Index
08:30 Empire State Mfg Survey
08:30 Jobless Claims
10:00 Philadelphia Fed Survey
10:30 EIA Natural Gas Report
11:00 EIA Petroleum Status Report
11:00 3-Month Bill Announcement
11:00 6-Month Bill Announcement
11:00 52-Week Bill Announcement
04:30 Fed Balance Sheet
04:30 Money Supply
Friday, 16-Oct-2009
09:00 Treasury International Capital
09:15 Industrial Production
09:55 Consumer Sentiment
10:15 Richard Fisher Speaks
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Source: MyPivots
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