October 27 Weekly Update - Stock Market Forecast
Fengshui: Market continue to be weak, except for 31 Oct
Astrology: Market still bearish
Technical Analysis: US indices – rapid decline likely, might break 7000.
Wednesday, the Fed’s FOMC is widely expected to cut the key federal funds rate another half point. Thursday, GDP data for the third quarter is expected to show the US economy contracted for the first time in seven years, ending months of speculation that the economy had managed to skirt recession.
Are we going back to 1929 to watch the 1929 Stock Market Crash Replay?
A Replay of 1929 Stock Market Crash?
Global Markets Crash on Friday, October 24 2008 – the 79th anniversary of the 1929 Stock Market Crash!
In 1929, the stock market crash started on October 24, followed by Black Monday and Tuesday. The series of events as follows:
Oct 10 Autumn High
Oct 24 Start of Crash
Oct 28 Black Monday
Oct 29 Black Tuesday
Oct 30 Rebound
Nov 6 Major Falls
Nov 13 Post Crash Low
Will a replay of 1929 Stock Market Crash events continue in October/November 2008?
My intuition – likely!
Why? Fengshui no good for October 2008 which ends on Nov 7! Water extremely strong, kills the Fire in the Stock Market!
November 2008? Water is still the key element!
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