July 10th, 2010
I know you’re all sitting on the edge of your seats waiting for the results so here’s the scoop. The Lunar cycle held for through one more phase, just by a hair. As the post below indicates, the S&P 500 Index needed to close above 1076.76 yesterday, up for the just ended Waning phase to a New Moon and it did, closing at 1077.95:
That brings the average to 19 out of 26 in sync phases, or a 73.1% average. That’s a pretty good average in any sport, including betting on the stock market.
The next Full Moon will be July 26. It won’t be a difficult challenge to continue adding to the average. My guess, though, is that we’re due for a nice, juicy decline at or near the top end of the range. I’m looking for a decline of 5-6%, to around 1026.00 on July 26.
Pure speculation but, hey, you come up with a better one.