Monday, February 23, 2009

February 23 Weekly Update - Stock Market Forecast

February 23 Weekly Update - Stock Market Forecast

Fengshui: Markets likely to be volatile.

Astrology: Expect a range bound market.

Technical Analysis: US indices – Watch for break above 7500 to confirm bear market rally.

There is a turn date on February 23. February 25 is new moon. This week also got a number of market moving economic reports in US. Then Mr Ben talking on Tuesday February 24 - when Ben talk, market drops, so they say!

The present situation reminds me of what happened in Mar/April 2008. I followed Fengshui forecast and bought some stocks. Suddenly, markets drop due to Bear Stearns (was it?). I held on to stocks cos fengshui forecast said Mar to early May 2008 good. Markets really recovered strongly then.

Now, will history repeat?

Let's wait and see.

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