Year of the Snake Bite

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.

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