Monday, March 2, 2009

March 2009 Stock Market Forecast

March 5 to April 4, 2009

This is the Yin Fire Rabbit month. It brings strength to equity markets. However, there are signs of instability in the second half of month.

Favourable industries/sectors: Fire, Earth and Water.

Week of March 2 to 6, 2009 - Stock Market Forecast

Markets likely to have strength March 2, 3 and 6.

My research indicates:

  1. I can see strong fire elements on March 2 and 3 and strong wood/fire elements next week.
  2. According to one financial astrology expert, Venus retro periods often mark market turns. Venus retrograde from March 6 to April 17, 2009. Direction: unclear.
  3. According to 2 Elliott Wave Analysis experts, markets likely to bottom out and stage a sharp wave 4 reversal, before the final wave 5 down. Turn window between March 10 and March 18.
  4. Weekly S&P 500 forms a double bottom pattern. Should a pivot low occur, a strong rally could follow. Can you see a similar pattern in STI?
  5. Dow is under pressure, likely break 7000. Should the market find a pivot low, a large rally could follow.

So, could Panic cause a rally?

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