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Monday, June 8, 2009

June 8 Weekly Update - Stock Market Forecast

June 8 Weekly Update - Stock Market Forecast

Fengshui: Market likely volatile June 8 & 9, signs of weakness June 12.

Financial Astrology: Will markets be up or down? If Dow can hold at 8670 for next 10 days, likely more upside.

Technical Analysis: US indices – uncertainty on next move, up or down. Watch June 9 for potential sell signal. A break of 912 (S&P 500) might mean rally is over, break of 876 confirms.

Hmmm... so last week's Dow performance was inverse against the forecast from Stock Market Cycle Model – Formula 1 - confirms it cannot be used on daily basis. It is right most of the time forecasting the lows and the highs. Let's see if the forecast for Dow is reliable: June 11 – Low is due. Oops, maybe when disclosed, the cycle fails?

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