Newsletter Summary

2/27/09 - Newsletter - Venus retrograde week

Executive Summary

Last week I expected the market to make a high near 820 on Wednesday but the market was much weaker and closer to my alternative as we peaked on Thursday near 780. This week I expect the weakness to continue and the SPX to make a low near 700 by Friday. My unlikely alternative is for the SPX to test the 800 level by mid week and drop to the November lows again by the end of the week.

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Venus going retro Friday is something to watch

Venus goes retrograde about every 18 months and as such it alternates between Spring and Fall every other year. Since it has marked some amazing turns over many decades, it is always a good idea to keep an eye on these dates especially when the market is due for a major turn up as it is now. The most notable Venus retro date was the exact October 10, 02 low, and the almost exact November 21, 02 high, and we will look at that low in more detail next. You can view other decades here.

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Similarities with the 2002 Venus retro low

Since we are dropping significantly going into the Venus retrograde period as we were back in October 2002, we should take a closer look at the similarities between then and now. Wave 1 down in 2002 was 125 pts and Wave 1 now was 140 pts, Wave 3 down in 2002 first fell short of Wave 1 like now, but soon matched it in a few days, again just like now. If we are to continue to follow this 2002 Venus retro fractal, Monday should see a pop higher that will end by Tuesday and we make a double low with the Venus retro of March 6th and the Full Moon of March 10th. 		Click here for a Printable version of this Chart

Charts courtesy of StockCharts.com