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Monday, July 5, 2010

July 2010 Stock Market Forecast

July 8 to August 6, 2010

This is a
Yin Water Goat month. Market is likely to be weak and sluggish in the first half. Second half is likely to see confusion with unclear signals/directions.

Favourable industries/sectors: Water and Wood

Financial Astrology:

July is likely to be a highly volatile month. Last week of July is likely to be negative (Panic?).

Watch these dates:

July 5 – Uranus retrograde

July 11 - New Moon Total Solar Eclipse

July 21 – Saturn enter Libra

July 23 – Jupiter retrograde

July 25 – Jupiter square Pluto

July 26 – Saturn oppose Uranus, Full Moon

Technical Analysis:

US Market: Phase 3 of Bear Market likely started, Wave C down. Though there is no Hindenburg Omen (HO) yet, another indicator similar to HO indicates a possibility of stock market crash coming over the next several months. The Head & Shoulder Pattern is completed and the neckline is broken, markets are likely to continue the waterfall decline down to the target of the H&S pattern.

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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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