Monday, June 1, 2009

June 1 Weekly Update - Stock Market Forecast

June 1 Weekly Update - Stock Market Forecast

Fengshui: Market unlikely to do well, except June 1, 2009.

Financial Astrology: Many planetary movements. Market up or down? Likely in trading range?

Technical Analysis: US indices – likely to decline Monday. First week of following month after long consolidation usually result in reversal. A break of 876 (S&P) might mean rally is over.

This week, let's test and monitor the reliability of the forecast from Stock Market Cycle Model – Formula 1. Remember the weakness I highlighted in Formula Forecast Stock Market Turns! Below forecast based on Dow:

June 1: down
June 4: down
June 5: down

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