Markets stay volatile with a downside bias – sentiment indicators – astro inputs

I agree with the ASTRO input given below that the next days will have another zigzag bias. We are nearing a serious of SEQ daily 13’s, but we need 2-2 lower days to get them. As they get triggered, another spike up will occur – we will have to see if the weekly charts qualify for a bigger rally but, as of now, I doubt that. As we also have some powerful Astro influences coming up in the last 10 days of November, we might stay in this big range oscillation mode – as I also hear too many cheerleaders drumming for the big year end rally. The problem is that even from Hedge Funds which are doing ok or even good money is withdrawn which might even increase towards the end of the year as investors might pull out more money. The EURYEN weekly chart shows that there is still some way to go on the deleveraging theme.

Excerpt:

http://www.stariq.com/marketweek.htm

In addition to all the Uranus signatures in effect late October through November 10, we will have another interesting geocosmic period coming up in the next few sessions. These surround the Full Moon of November 13. On the day before, geocentric Venus will change signs, from Sagittarius to Capricorn. On November 13, heliocentric Venus will change signs, from Aquarius to Pisces. On November 14, heliocentric Mercury changes from Libra to Scorpio. And on Sunday, November 16, geocentric Mars moves from Scorpio to Sagittarius. So many planets changing signs in such a short period of time suggests a change in investor sentiment. The fact that a Full Moon happens November 13 means that a change trend (short-term) could happen within one day of this Thursday. If a financial or commodity market decline into a low then, an impressive rally may follow. If instead the market rallies, it may mean that another sell off follows. Traders should adopt their trading strategies accordingly.

This sentiment indicator (in the chart below) as the Rydex Nova/Ursa are not good news for the bull camp. They rather are on levels which signal that selling pressure is building up. Put /Call- ratio’s are although we have high volatility not specifically bearish (the amount of puts bought in relation to calls), hence their contraindication factor does not produce a buy signal yet either.

[chart]

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~ by behindthematrix on November 10, 2008.

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