The Dow in May 09
With the last week's rally the Dow ended higher than the previous high, 8111,so the uptrend will continue.
During April the Dow went sideways, there was some indecision, as the DMI oscillator showed us. Looking at the 60 min. graph, there is a "Head and Shoulders " pattern, which point to the next targets of 8530, till 8838, see the green box.
After these targets will be reached a fibo correction to the red box levels will follow.
We shall surf the sky to see if the stars agree.
We are living under a Jupiter Neptune conjunction right now, a placement of these stars in Aquarius happened back in 1843, 1677, 1511. I am attaching a picture of the sky here, so you can see what I am talking about. Jupiter signifies expansion, and is nicknamed "the big benefactor" but sometimes it can bring also disasters. Next to Neptune, a star that hides more than it shows, I get a funny feeling that some big scam is forming under our nose, something bigger than the "pandemic"…and this flu was just a way to drive the world's attention to something else. I mean more people die in car crash every day than in this flu.. Nobody talks about that!! Well of course, accidents don't " sell" as a pandemic. So I am a little bit skeptic about this flu, and whom it serves. Neptune brought it on us, and it will reveal it's reasons when it will turn retro at the end of May.
Another notable movement during May will be the Retro of Saturn – which will end, on the 17th. Watch for a change in trend!
And of course little Mercury is doing it again… Turns retro on the 6th till the end of the month, ingressing Taurus again.
Other major movements : Mars will inconjunct Saturn on the 11th which will be a Monday, bad aspect to start a week. Venus will follow on the 19th, so I guess the second part of May will be worst than the beginning.
Gann turning days : 5, 21 May.
Full moon in Scorpio on the 9th
New moon in Gemini on the 24th – look for a change in trend.
I shall continue to update the graphs, so stay tuned.
May 16. update
The Dow reached our first target, 8530, and even more, it went up to 8587 on the 8th of May, now it is in a correction move, which I think will go back to 8050, 7760.
Important days to watch are the planetary ingresses, retro's and difficult angles.
So watch it on the 17th, 29th and 31st, when Saturn, Neptune and Mercury turn their direction.
Good Luck!
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My " google analytics" program shows that I have many visitors from Australia, India, Singapore, Canada and several European countries.
I decided to include their indexes too in my monthly analysis. Unfortunately I do not have the first trade charts, so I'll stick to the technical analysis.
I will upload here the weekly charts, and we shall see that our world is just a small village. The same patterns are everywhere. Changes in the weekly or monthly charts can be followed thru the influence of the outer planets.
China-SSEA
Australia - AXJO
India - NSEI
-Canada :SPTSE
Russia-RDX
In this graph the pattern is not there any more, the lows are lower, which suggest a further downtrend.
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A very volatile month in front of us, trade carefully
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
May 2, 2009
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