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Tuesday, May 4, 2010

May 2010 Stock Market Forecast

May 5 to June 5, 2010

This is the Yin Metal Snake Month. First half likely to see profit taking. Though second half likely to see strength, be prepared for surprises (weakness) as this is the Snake Month.

Favourable industries/sectors:

Financial Astrology:

Watch theses dates:

May 11 – Mercury direct

May 14 – New Moon

May 23 – Jupiter oppose Saturn

May 28 – Full Moon, Uranus enter Aries

May 30 – Saturn direct

Technical Analysis:

US Market: ??

Oops! Will markets continue to decline? Forget about Elliott Wave Counts for the time being, they keep changing, dun know up or down! Focus on the Trend! How?

Watch the Regression Trend Channel. S&P 500 is still within the Uptrend Channel. Watch if it breaks 1180-1150 for change in Trend.

Lookout for weekly updates and updates to above when received.

What my Stock Market Time Clocks Say?

Be careful. May 3/4 is a possible critical turning point. Watch where the markets go from here. Oops!

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DISCLAIMER: All contents in this blog are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of stocks or any other investments. Please consult with your financial advisor before making an investment decision regarding any mentioned investments.
I assume no responsibility for your trading and investment results.
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