Monday, March 16, 2009

March 16 Weekly Update - Stock Market Forecast

March 16 Weekly Update - Stock Market Forecast

Fengshui: Signs of volatility, with profit taking Monday/Tuesday, potential strength Wed and Friday.

Astrology: Volatile with sharp price movements/reversals.

Technical Analysis: US indices – Signs of topping out, likely to decline.

Note: Goldman Sachs earnings on Tuesday. March FOMC meeting Tuesday and Wednesday, with announcement on interest rates and assessment of economy/inflation on Wednesday. Uncle Ben will be speaking again on Friday. Plus this quarter’s quadruple-witching expirations on Friday usually create considerable volatility.

Wah, options expirations again, where “Big players bully Small players”. If there are more calls than puts, guess what will happen when Big players make call options expire worthless!

So can the rally continue? Are the bears still hungry?

Tip: Fengshui forecast for next week is weak. Fibonacci turn date on Mar 26 likely to be a bottom. Potential major market crash in April 2009.

Be careful hor!

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