Pure astrology today

Hello all

Today we have the Facebook IPO and options expiry and so volatility is the name today..
Today we have the powerful Venus moon sextile which is very powerful.
So the emotional component of the market will hoping for a great and exciting IPO.
Sure it will run up today on the hope but those who want to sell the stock maybe wait until after lunch as excitement can do wonders in the morning.

Don't get sucked into the metals and bond moves today as they are not what they seem.
CNBC is looking at a $60 open for Facebook and to be honest I hope so..

Anyone had a look at APPL lately....

Still I cant bring myself to short them when I know there is a huge war chest of money sitting there in case the stock gets hammered.

Anyway The grains move is real and the metals is fake.

Quick note on bonds I expect either today or Monday a bond blow off, which then I will be looking to purchase DEC Puts ...

cheers

Facebook IPO

Hi All
As a favour to a friend I did the astrology for the up and coming Facebook IPO.
I have to say they have done a huge mistake in Launching it when they did.

The Bottom line is Facebook will loose 80 % of its value within 2 years  of its launch.
The only reason it might bounce or in fact hold  up will be either: a take over of some sort or if it changes its name.
I am hoping for a stupid opening on Facebook on Friday and I will be purchasing puts and going short on the stock.
With the planetary alignment for the birth chart as it is there is no way this company will be able to succeed in the market..
Very heavily overpriced in my view.
The stock should be under $10 not $ 34-36 which some are predicting.
So from an astrological perspective I recommend you liquidate this stock if you take part in the IPO.

Cheers

post 3 this evening

First lets take a look at the astrology which the market is facing then I'll explain the facts.

First we have Venus turning retrograde... very important for the thought process of traders.
With the Planet of Money turning retrograde many will begin to question the markets ability to push higher.
You tend to see during this time the bear are out and about dancing all be it at time prematurely.
With the moon heavily impacting this moon news will swing both sides.
As it moves into different sign you will also see short spurts up and down.
Use caution tho as Jupiter in Taurus is shining on the US stock market at the present time.

The Facts

During a Venus retrograde period BEARS do tend to get slaughtered only to have the market go there ways after they have lost there shirts.
The market does also tend to overstate issue which is upon it..
Whether its good or bad the truth I guess is somewhere in the middle.
Bulls chargers tend to be very aggressive as they do catch out bears.
As its also a election year for some reason bad news tends to come out during this time frame don't ask me why but it does.
Revisions to the downside economically and others like ( employment, GDP, PPI etc).
Only to have numbers running hot heading into the election campaigns.
This has happen 7 of the last 8 times..
Another thing to consider is that we are heading into options week and as always it tends to push to the upside, the market just doesn't seem to want to collapse as many believe, with there technical work.
For a market to run down hard to need the boat loaded on the opposite side and then that panic would create that environment.
Right now I just don't see it .
There my thoughts and I urge caution..
Happy hunting to you all

Post 2 this evening

My liking at the present time is for both soft's and grains.
You must remember no matter what happens in the world or what takes place in the financial arena.
We all have to eat, rich or poor we all got to eat.
While commodities will take a beating as the dollar rises grains and soft's might not take as much or if any.
For the simple reason ....Supply and Demand..
Its not rocket science if there is a short supply and everyone whats the product then show me the money as the saying goes.
Lets look at the Astrology first.
Both Coffee and Corn have favorable charts this year. on a 1 to 10 bases I would rate both a 9.
Other grains Wheat and Soybeans I rate a 7 ..

In other words the likelihood of them holding and trading higher is very high.
This is only on an astrological stand point not technical or fundamental.
Over the next 6 weeks we should start to witness crop damages from weather and the like and this will increase the prices of these commodities.

Stay tuned to witness the move
Markers for those who want to keep score.

Coffee 177.40
Corn     583
Wheat  598
Beans  1387

Evening all

Well market is in one of those zigzag moods at the present time.
Its playing the sell Europe buy US hedge and those who are able to do it should keep an eye on it.
What many are don't realising is that the US Federal Reserve has been increasing the money supply in the last fortnight by the most in almost 2 years.

What does that mean ...lol
A helicopter is on the way ....

Sure the US is showing strength and we see the commodities taking a hit..
People do realise we are in a election year and so this is a compulsory.
As stated previously the fact that metals cant take advantage of the trouble in Europe indicated to me that the metals are on the way down and really hard too.
End of last month the astrology was powerful for metals, also the first week of May and yet metals all struggled to obtain any positive momentum.

Therefore I don't see why metals couldn't fall another 20% or more over the next 3 months.
My view for those who have asked
Gold $1150-1200
Silver  $20-22
Copper 290-320

With trouble continuing in Europe and traders buying US bonds for safety not metals, the case for
security, safe heaven , or a commodity in metals in floored.
With the very powerful negative astrology also on the way, $1560 will look like a wonderful sell

Those who are still talking up metals are doing so for there own interests.
Soon I will be looking at 1400 August  or Dec Puts.