Year of the Snake BiteBy on 2013 May 19 Sun 11:57:31
I have written earlier this year about the Chinese lunar / solar cycle in Year of the Snake and the Chinese 19-Year Lunar Cycle. It is interesting to review the chart right now as it has marked the swing turns of this year so far quite remarkably.
As mentioned before, I am not a fan of astrology, it is quite difficult for me to accept that this chart has actual projection value. But given what happened so far, it has done a pretty good job in highlighting the swing tops and bottoms this year.
Going forward, the projection points to:
1. a significant decline should start now and that it should lead to a selloff ending sometime in mid June
2. a rally into August with another all time high
3. major selloff all the way into December
It will be interesting to see how the stock markets unfold going forward.