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Short Covering Rally?

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#1 blustar

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Posted 04 October 2023 - 08:40 AM

Today at 12:06 PM EDT Mars opposes the True Nodes of the moon (Rahu).  Today is also a 4+1/ 8+1, 16+3/32 TD low. My best guess based on that and Dr Copper is that we go slightly lower today and then rebound strongly into Oct 9 to create w-x-y A of [Y] of {B}. The monthly jobs report comes out Friday and should be extremely helpful. Bonds have gotten hit hard, so there should be some relief ahead and a violent short covering rally in stocks and precious metals looks to be at hand.

Blessings,

 

blu

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#2 cycletimer

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Posted 05 October 2023 - 09:44 AM

At this juncture I believe the selloff is about over. I have yesterday, Oct 4th as a cycle turn as well as end of October and early Nov. I could see the case for a temporary bottom setting in and we rally for 2-3 weeks , topping between. Oct 30-Nov 3….

I’m scaling into HIBL & TNA right here.

#3 q4wer

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Posted 05 October 2023 - 08:59 PM

If no 1987 black Monday scenario , we should go higher now.  But if it happens,  it will happen in the next week or so.  so I hesitate.



#4 blustar

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Posted 08 October 2023 - 04:54 PM

I don't think THE bottom is in just yet as the Gann Anniversary low of Oct 13 looms. I see maybe 4365 next week around Wednesday or Thursday, then a sharp drop to perhaps ~4174 SPX by October 13, which has Mars trine Saturn Rx right before the New Moon /solar eclipse on 10/14. I believe we then go much higher into ~ Nov 1 or 2, perhaps into the upper 4600's. The fear is off the charts here!


Blessings,

 

blu

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