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September to November 2008 saw the markets tanking. The DJIA plummeted to a local minimum of 7,552 on November 20th 2008 after sharply coming off highs in excess of 11,500 in the preceding 12 weeks - a downturn of approximately 35%. Indeed, if one computes the extent of the loss from market highs in October 2007, the November 2008 minimum represented a dump of 47%.
Following a local maxmimum of 9,015 on January 6th 2009, DJIA slid even further downhill setting up a new local minimum of 6,594 on March 5th 2009.
It is currently (Jul 19 '09) trading in the 8,000 -9,000 window and has been since approximately the beginning of May.
The astrological circumstances that correlated to the 2008 meltdown peaked in intensity between last week October '08 and last week November '08. (Remember, there was a 2.5 - 3 month down run that culminated in the local minimum on Nov 20th '08).
These same astrological circumstances are set to recur between 1st week in September 2009 and 1st week in October 2009.
It might be concluded, therefore, that any time from now on, through to October 2009, we will see a significant sell off with the equivalent impact and order of magnitude of the turmoil seen in the last trimester of 2008.
My formal non-wealthy-man prediction is that DJIA will have sunk well below 6000 by end October 2009 at latest.
Remember, take it from whence it comes. This is astrology not finance.
Update: The sentences marked orange contained an error which has now been corrected.
1 comment:
Wow, interesting.
I know various people who use sunspot cycles for major market timings so you may not be so far off.
6000 for the dow may be a bit low, but there are certain monthly cycles bottoming between aug and oct 09, so lets see how it plays out.
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