Financial WMDs Round Two

Posted: October 17th, 2010 under Commodities, Predictions, Stocks.

Last week’s prediction for a top has not yet come to fruition, but as mentioned then, there are more spiral calendar alignments this week and over the next couple of weeks. Looking back, equity tops often form slowly, with several spiral clusters marking the high points in head and shoulder configurations.

The timing of news this week that the mortgage mess is back, worse than before, only a few weeks before the mid-term elections is curious. The last election cycle saw a steep decline into election season while financial stability was in doubt, then a rally into election day which itself marked a top. This time we may see the opposite following the sharp rally from late August, we may now get a decline into election day, followed by a pop rally if the likely Republican gains predicted by the pollsters mean that control of Congress and/or the Senate changes hands.

Gold does not appear quite ripe for a turn yet, but the US Dollar may be.

I recommend clicking on each chart to see the enlarged version as browsers tend to do awful things to shrunken images, such as remove price bars entirely.

Dow

Spiral Calendar Turn Dates Chart For DJIA for October 15th, 2010

Spiral Calendar Turn Dates Chart For Dow Jones Industrial Average for October 15th, 2010 – click to enlarge

S&P 500

Spiral Calendar Turn Dates Chart For S&P 500 for October 15th, 2010

Spiral Calendar Turn Dates Chart For S&P 500 for October 15th, 2010 – click to enlarge

Nasdaq-100

Spiral Calendar Turn Dates Chart For Nasdaq-100 for October 15th, 2010

Spiral Calendar Turn Dates Chart For Nasdaq-100 for October 15th, 2010 – click to enlarge

UUP – US Dollar

Spiral Calendar Turn Dates Chart For UUP - US Dollar for October 15th, 2010

Spiral Calendar Turn Dates Chart For UUP – US Dollar for October 15th, 2010 – click to enlarge

Gold – GLD

Spiral Calendar Turn Dates Chart For Gold (GLD) for October 15th, 2010

Spiral Calendar Turn Dates Chart For Gold (GLD) for October 15th, 2010 – click to enlarge

New visitors: please see this post for a brief explanation of the spiral calendar.

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