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Weekly Newsletter

U.S. Debt Clock http://www.usdebtclock.org/ tick....tick....tick......tick.....BOOM!

How much further in debt are U.S. Tax Payers?

RECAP FOR THE WEEK OF: June 20, 2010

Expect the market to move lower, perhaps dramatically, as the Gann reversal takes effect.

We are now in the window to retest the lows of this Greatest Depression. DOW at 7500 is possible in the next few months.

Oh, and for Gold, its just leave the launch pad. Expect a sharp rise sometime this week.

Earthquakes and other act of nature can be expected to make the headlines this week, or perhaps it will be some major world event in the political realm. Will Israel strike Iran? Will the oil mess in the Gulf suddenly become 10 times worse? Expect something big this week. EXPLOSIVE is the key word.

I'll be be looking for the big move this week on Friday.

Follow-up -----------------------------------------------------------------------------------------------------

Tuesday and Thursday tied for the big movers this week.

Gann convergence finally kicked-in.

As stated in last week's predictions: "Earthquakes and other act of nature can be expected to make the headlines this week" Well, we had an earthquake in Toronto that was felt as far away as Green Bay, Wisconsin. And if that wasn't unusual enough, Toronto saw tornados also this week. Tornados in Toronto? Maybe it has to do with all the hot air in town (G20).

http://tcktcktck.org/stories/fresh-air-center-bonn/even-planet-protests-g20

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FORECAST FOR THE WEEK OF: June 28, 2010

EXPLOSIVE is the key word again for this week with regards to Mother Nature and the Financial Markets. The word UNEXPECTED is at work also.

Nice chart at the Wall Street Forecast showing the "Once in a life time astrological event" we are dealing with, and which is centered around July 23-August 8 time frame. http://wsf.typepad.com/

Bradley cycle is showing a dip into July 12th, rally to Aug 10th, then down, down, down. Or, maybe it will be July 7th: Gann 07/07/10 reversal date is 90 trading days from the secondary low in Feb. 2010, about 180 trading days from the Oct 2009 High and 270 trading days from the June 2009 High.

Monady and Wednesday are bullish. Tuesday should show a drop in prices, and Thursday has a 95% chance of showing a gain.

The Moon's declination reached its max southern declination of 25° on Friday. Markets tend to be bearish when the Moon's declination is near its max, and bullish when near 0° which will be Friday.

I am expecting metals and treasuries to go higher, but don't forget that key word UNEXPECTED.

S&P 500 -- Support became resistance last week. Watch for a decline below 1040. Such a decline would give us Head-and-Shoulders pattern.

Treasury Bonds -- Are breaking to the upside of a triangular continuation pattern.

Gold -- A drop below 1200 would trigger a sell signal, but I don't think we'll see that happen this week. The dollar is declining and from what I can gather from numerous blogs, the general consensus is that it will continue to loss ground.

A nice over view on the current markets by Liz Ann Sonders

And here is another look at the current mess that has 20 major countries on the edge of insolvency
The End of The Great Bailouts is Approaching

Watch the Wall Street Forecaster for mid-week updates.

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