Thursday, February 4, 2010

February 2010 Stock Market Forecast

February 4 to March 5, 2010

This is the Yang Earth Tiger Month. First half likely to be weak, likely to see strength second half.

Favourable industries/sectors: Wood and Earth

Financial Astrology:

First half likely to be weak, second half likely to be positive.

Watch these dates:

February 14 – New Moon, Chinese New Year

February 28 – Full Moon

Technical Analysis:

US Market: Phase 3 of Bear Market, Wave 1 started. Minor Wave 1 completed, wave 2 up in progress, next is Wave 3 down. There is a potential Head and Shoulder pattern in the S&P 500. Watch out!

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