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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: CharlieChina who wrote (55404)6/15/2002 5:34:20 PM
From: Vitalsigns  Read Replies (2) of 62347
 
Nick

I have 8600 and 7500 as 2 target for Dow, 8600 is not going to hold and 8000 is a stop loss trigger that is just begging to be hit on a slide past 8600.Therefore lower channel down to 7500 most likely target as you stated.

Nasdaq Comp 1070 - 1200 also most likely target.,

This is going to be an interesting week to say the least. Many are already giddy about the bounce on friday but this is triple Witch Friday and a good set up to get as many on board before they realize it was a false bounce. The 24th is the Lunar eclipse off of the Solar eclipse that just past on the 10th. The period in between the 2 eclipses normally see rally periods only to fall off a cliff near the Lunar Eclipse. Your june 24 - 31 timeframe coincides with this period exactly. Also there are many other triggering planet aspects that will add to this negative tone. Add in the war aspects hitting the USA Natal charts early this week suggesting a high probability of US millatary activity.

Bottom line, what you think you see painted on the charts as support are really only lines to paint a pretty picture. Only have to look at Intel's chart to see what it can look like. It gapped down below 2 supposed strong support lines, those that bought the dip in INTC thinking it would hold paid dearly. I expect to see many more of those types of chart patterns in the coming weeks. I am looking for the week following the July long weekend as likely turning point followed by a move up into .......

you know the routine , nothings for free in life ;0)

astroecon.com
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