The Dow in February 2009
The last low of the Dow occurred on the 23rd of January. Then it went up to 8402, only to fall again. Will it break the last low? Where are we heading??
Graph 120 Minutes :
Gann Turning days: Feb 2 & 19.
By the time the Us markets will open, this day will bring it's charm, together with Mercury turning Direct.
Other important days to watch in February, are the Planetary ingresses,:
Feb.3 Venus to Aries is in Detriment
Feb. 4 Mars to Aquarius.
Feb. 14 Mercury to Aquarius
Feb. 18 Sun to Pisces.
Besides the ingresses, important angles also mark special days. Saturn will oppose Uranus again in his Retro in Virgo.
Feb. 17 Mars will conjunct Jupiter.
The Full moon on the 9th on a Monday during the second week of February and the New Moon on the 25th in Pisces will also mark a change in trend.
If the Dow will break 7930 it is likely to fall to 7770. As long as the DX red line is "in charge" the downtrend will continue.
trade carefully, with tight stops.
Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume any responsibility at all for those individual decisions
31 Jan
see what happened in March 09
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