Friday, November 7, 2008

November 2008 Stock Market Forecast

November 7 to December 6, 2008

Fengshui: Yin Water Pig Month. Pig is a water element. So, water energy is extremely strong this month, that is the biggest enemy of the stock market. Water extinguishes Fire, so expect further stock market correction.
Favourable industries/sectors : earth, wood and water.

Financial Astrology: Market likely to rebound in second half (calendar month). Be cautious in long term bearish market.

Technical Analysis: US Indices – Uncertainties in technical indicators. Stock can either crash in next few weeks or move higher. (Updated Nov 9 - likely stock market crash in next few weeks, might break Oct 10 low, if break 7882 then 7197 might be tested)

Now, that's the problem with technical analysis – uncertainties in forecasting the short term direction. That's why I decided to look for alternatives and found Fengshui and Financial Astrology.

Anyway, lookout for November 10 Weekly Update, hopefully directions would be clear.

Read Dow Direction After Presidential Election for possible guidance?

Dun forget to watch A Replay of 1929 Stock Market Crash!

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