Monday, May 14, 2012

May 14-21 Critical Eclipse Cycle

The price action of the $US and Gold should give traders a clue as to how this important week will be resolved. So far: Gold Down 1564.30 Dollar Up 80.58 Not looking good for equities but be aware of reversals in all three vehicles. 1340 close level is critical for the S&P

2 comments:

pimaCanyon said...

What's your expectation for the effect of the eclipse? Reversal or acceleration in the direction of the current trend?

Fibocycle said...

I think it could be a hard acceleration down and possibly form a spike low...at much lower levels than where we are now...or alternately if the market starts to dive here Friday or Monday could be the center point of the decline...especially if there is a gap.