The All Ordinaries index certainly didn’t decline this last week. In fact, it produced one on the biggest weekly rises for some time and just taking out the all time high. This indicates that August 16, 2004 was the “Half Primary Cycle” low.
The market is now entering week 15 of its 19-week “Primary Cycle”. It has confirmed a ‘right translation’ (making a new high after the midpoint of the cycle) indicating a bull cycle. The ‘one-day countertrend’ on Wednesday August 25 was another strong bull signal. If I were long in the index and it continues to rise, I’d be keeping my stops just under the daily swing lows as the market enters the Primary Cycle orb period on September 7.
Watch for strong resistance at 3596.
Based on turning dates, I expect the market to turn down on Tuesday and back up Friday. Someone ask me how I worked out turning dates … here is an example for this week!
I use “Geocosmic Analysis” as taught in the Advanced Trading Techniques course. For example:
Saturday Aug 28 - Sun opposite Uranus;
Monday Aug 30 - Full Moon;
Tuesday Aug 31 - Pluto Direct;
Wednesday Sep 1 - Mercury Conjunct Saturn.
That should turn the market in the middle of the cluster which is Monday afternoon-Tuesday (30-31/8).
Looking a little further ahead:
Thursday Sep 2 - Venus Sextile Jupiter 6:20pm;
- Mercury goes Direct at 11:14pm;
Friday Sep 3 - Time by Degrees.
Market should turn Friday.
Expect Monday, Tuesday and Friday to be large ranging day. At last we will be out of the Mercury retrograde period on Friday so making money will be easier!!!
Timing with planets sounds all a bit crazy? It just might surprise you!
A few stocks to look at:
CML – check out the triple top on Coles Myer: Feb 1999 @ $9.22; Aug 1999 @ $9.25 and Jul 2004 @ $9.18.
AMC – two consecutives closes above a valid down trend line.
MAY – opportunity space after a lengthy sideways movement.
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