Profit booking time

Morning all

Once again another tick for astrology.
So where to next is the big question.
Well today I have a potential blow off occurring but due to the option expiry this might not occur.(blow off)
We shall see, but any case the market will trade higher so please consider booking your profits today.
Now over the next month or so if you have a heart condition, or bloody pressure issues please don't trade.
The market over the next 30+ days will become extremely volatile.

For those who thought the debt crisis in the US had disappear think again.
Yep its time for the US to get its financials in order and it should be done very quickly.

We see the metals taking a serious hit at the present time.
Yes a number of emails on the issue have asked for comment.
Fact is there is one more day of this negative move and then the tide should turn and turn aggressively.

News out of China was that growth will be around 7.5% for the year and that reform for the Yuan reforms will be rushed through.
Well my friends this is all Bull Shit.
To announce these in a mercury retrograde period suckers will believe it ( the media & Politicians).

To the Fund Managers Japan will find itself in a debt crisis also next year and shorting the yen is a way to play it but don't short Japanese stocks.
I'm looking or hoping for a 125 bounce before jumping in but it doesn't look like it at present time.

I don't have negative aspect for the bonds as some have asked.

Anyway bottom line is at the present time the March ES is at 1398.50 once 1400 is hit that should be the cue..

As always be smart and book your profits. Yes technicals will scream buy and maybe so but my work is what it is..

Cheers

Review

Morning all

Today I am just observing the market not trading as I don't see anything worth trading nor is my astrology strong enough take on positions.
The only I guess is Soybeans and that's to the downside but again no strong astrology.
Today by my work should bore the hell out of traders.
With houses rolling forward position I can't see the market moving around to much today.

Nothing really to say other than do research today ... good day for it, don't get sucked into doing a boredom trade.

To Vickv and your copper ETF.
This year is the copper year.
Copper will trade higher until June .
Every time its is sold off it will come straight back up , but please remember until JUNE.
After June Copper will be in for a rough shake up and I think prices will come off.
So I hope that assists you.

Note also that after June all commodities will become supply and demand issues not speculative money playing games with each commodity as is the case at the present time.

It will be some what difficult to get a grip of the markets until this weeks rolling of positions is finished.

Cheers

Looking Forward

Hello all

It's Sunday and I 've been doing last minute work for the next couple of weeks as we are approach the 12th.
For those who are not aware the 12th at 3.49am NY Time begins a mercury retrograde period.
That's the time when communication just doesn't happen as it should.
Confusion with hotels, flights, business meetings, misunderstandings occur.
Buying electronic equipment during this time frame will most likely have an issue with it or do you really need it, Will be the question you are faced with after Mercury goes direct.
Paperwork and documentation for some reason goes haywire..
People understand what they think you said but didn't understand what you said.
In financial markets we have false starts, going up or down.
Resistance point and support points are useless as they are broken only to come back into line later on.
Check your trading statements during this period properly as trades can go missing or trades you never did will appear on your accounts.
Everything the market is meant to do it will do the opposite.
PLEASE USE CAUTION DURING THIS TIME FRAME 12TH MARCH TO 12TH APRIL.
If your trading only do half size lots or even quarters.

Example if you do 4 lots do just 1, as you will be prone to losses.

One best use of this time is to do research, whatever you invest in.
I say research as you will explore the unthinkable during this time.
By that I mean thing you didn't think possible will be.

News that comes out during this period will also be wrong and at some point will be reassessed.

Regarding Cycles.

I've received many emails regarding cycles and how the market is making double tops and the like.
While this might be true and I will not question any ones cycle work, the bottom line is my work doesn't support it.
Yes many good astrologers are calling the market lower but once again the way I am reading my work this is not supported.
In fact I am almost confident in say that Wednesday could be the blow off day where the bears will just throw the towel in and the market runs hard.
Only to reverse the next day..
One should not look to hold positions during the retrograde period overnight unless tight stops are in place as you could be loosing all your profits in the morning and gaining it back in the afternoon.
Volatility is the key here for the next 4 weeks.

Can cycles be wrong yes absolutely and so can astrology.
Time will tell but my work does support many theories put to me.

I can't stress how important it is to have a clean book for the next 30 days as VOLATILITY will be huge.
I anticipate 1-2% daily swings either side won't freak me out..

Cheers