We may not have a bottom until the 24-26 according to the moon cycles. However Zeev went out only 20% cash so he thinks a bounce is coming.
mmacycles.com
Still, "sometime-anytime in the next 3 weeks" can seem like an eternity when the floor is falling out. And that is precisely what seems to be happening now. The lunar cycle reversal period of last Thursday Friday (July 11-12) offers some hope, as discussed last week, as follows: "On Thursday and Friday of this week (July 11-12), the Moon will enter Leo. This lunar cycle may be the key, for it is the most prominent correlate to short-term price swings of the three lunar cycles in effect this week. A high very early this week, followed by a corrective decline into Thursday-Friday that does not take out the lows of July 3, may present a very good buying opportunity." Well, we took out the lows of the prior week, which is not good. But still, the markets closed considerably off those lows, so there is a slight possibility that the Leo lunar cycle will correlate with the primary (and maybe longer-term) cycle lows. But if those lows of 8599 in DJIA and 900.50 in September S&P futures break, the next lunar reversal period is not due until the full moon phase of July 24-26. We could easily make a case that the sense of panic could continue, and even climax, then. If that happens, then all the stock markets of the world will likely follow suit. If instead last week?s lows hold this week, then the possibility remains opens for a 10% or greater rally to commence. Such a rally is due sometime in this July 3-August 10 geocosmic time band of the Sun, Mars, and Jupiter all in conjunction to one another. A good buying opportunity is coming up, if you consider a 10% rally in a matter of a few weeks good (as a trader, I do). But the question is: from what level? A break below 8599 in the DJIA points to the next major support level as 8100-8400. Below that, the panic is likely to intensify as investors flee in droves, like lemmings over a cliff, with no bottom in sight before the full moon. |
