Wednesday, August 19, 2009

Bull Trap, Another Stock Market Jinx Ahead?

Do you know the “significance” of the Hungry Ghost Festival, the 7th Lunar Month, to the Chinese? Most view it as a “Jinx”, a Stock Market Jinx as well as in other areas.

The 7th Lunar Month starts from August 20, 2009 (first day) and ends on September 18, 2009 (30th day). Coincidentally, there are Pessimistic Planets, Planets which are likely to cause Stock Market Crash or Major Corrections, appearing in the Sky during this period. I'll have more information for you once I complete my research. So do be careful.

Based on Elliott Wave Count, US Markets are likely to have more downside. Markets might reverse down tonight – I got an astro reversal signal.

Still remember the Double Top Chart Pattern? Be careful of the Bull Trap (“A” Pattern, "Kiss of Death") in the making before the next leg down! (possibility in China Shanghai Composite).

I just got information that a similar "Kiss of Death" pattern might occur in the DOW, S&P500 and Nasdaq Composite.

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