Thursday, May 20, 2010

US falls 4%; breaks support

Markets are looking pretty grim right now as major indexes have closed below their 200 day moving averages.

While I had expected some kind of major fallout in May from the current planetary alignment, I didn't expect we would fall quite this far this fast.

The twin stations of Saturn on May 30 and Neptune on May 31 are looming quite large right now. As Mars enters into the Big Alignment around the same time in early June, we could be that far away from a bottom. But just where that will be is unclear. Those February lows are fast approaching.

By prepared for more extreme bearishness over the next six months.