November 9 Weekly Update - Stock Market Forecast

November 9 Weekly Update - Stock Market Forecast

Fengshui: Market unlikely to see strength, except November 10 and 12 which are likely to be volatile.

Financial Astrology: Will markets continue to decline? What could happen on November 15 when Saturn Pluto square occur?

Technical Analysis: US indices – Phase 3 down likely started. Wave 1 down with sub-wave 2 up completing, next is sub-wave 3 down. Or will the alternate wave count play out?

Have you read Stock Market Correction of 10% to 15% coming?

November 2009 Stock Market Forecast

November 7 to December 6, 2009

This is the Yin Wood Pig Month. Water element is extremely strong this month and does not favor equity markets. It is unlikely we see potential growth this month.

Gold might see correction in second half of month.

Favourable industries/sectors: Wood and Metal


Financial Astrology:

Markets likely to be volatile.

Watch these dates:

1. November 15 – Saturn Pluto Square, could be point of heavy selling
2. December 1 – Uranus turn direct.

Technical Analysis:


US Market: Phase 3 down likely started. Possible alternate wave count: final wave 5 up in process?

Stock Market Correction 10%-15% Coming!

An interview with Daryl Guppy published in The Edge Singapore November 9 Issue. Key points to note:

1. Based on chart patterns, Gold could fall to test USD1,000, then USD960 or USD940. Breakout is unsustainable. Strength in gold is related to weakness in USD.
   
   
2. China market corrected 20% before moving sideways, rest of North Asia and Singapore could follow. If the same behaviour repeats, there's shorting opportunity that last 6 to 10 days.
   
   
3. South Korea's Kospi leads Hang Seng Index and Singapore index. Resistance at 1700, support at 1580/1600. Is retest of 1580 fails to hold, market will move back to 1450.
   
   
4. Hang Seng Index: support at 21000. A fall below gives a target of 19000. HSI follows Kospi behaviour rather than Shanghai index, it is driven by western sentiment, not Chinese sentiment.
   
   
5. Straits Times Index (STI): strong resistance at 2750, broad support at 2650. A fall below gives a target of 2400. If overshoot, downside target is 2200.
   
   
6. Australia ASX 200: next level is 4400, then 4000.