Here are hourly charts of the September S&P e-mini futures, the Spiders, and the QQQQ's. I last commented on these markets yesterday. The stock market has been a little weaker than I expected, especially early this morning when the e-minis made it down to 1442 (not shown on the chart). There has been no subeseqent strength to speak of and this makes me believe that the markets must drop still lower before a substantial rally can develop. So I think the futures will make it down to 1435, the Spiders to 142.50 and the Q's to 46.50 sometime today or tomorrow. From those levels I think we shall see strong rally to the targets indicated.
Once the next rally is over I think it is quite possible that yet lower lows will be seen maybe near 1415 in the futures. However, I am still very bullish about the market's prospect going into the September-November time frame and think we shall see new bull market highs then.
6 comments:
September 2007 is the 6 month return of the lunar/solar eclipses of March 2007
However the September eclipses are 180 degrees from March and conjunct Saturn directly! they look more bearish and could see some real panicky selling.
If the Dome is complete, could see the 10,700 target reached by September completing the 4.5 year cycle lows
Is there anything mathmatically special about the SPY @ 144?
Mr. F
Do you still practice your rule of squares for estimating turning points? Being marginal in math skills, I find it to be rather difficult for it produces so many possible levels, so I would like to know if after all the years, if you still practice.
Thanks
Great work Carl ...Tim Knight has banned all Bulls on his blog so thought you would like to see if you thought extremes had been reached and the 300 points will be made up ?
http:www.ttthedgefund.blogspot.com
Tom
24/7
I am believe that 12 days after venus retrograd and 6 days after jupiter - sol aspect, is a date very big,the 8 agoust,for a probably floor in the stockmarket.
Bye.
15 year 3 months time period from major lows to major highs.
This was from your 2007 forecast.
Totally perfect =
April 1994 S&P low = 435.86 to July 2009.
2009 = 1909, 1919, 1929, 1959, 1969(70), and 1999(00).
Thanks for posting your blog. Any additional posts on George Lindsay forecasting methods greatly appreciated.
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