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Paul 'yogi' Nipperess BMin

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Blogs by Paul 'yogi' Nipperess BMin

SnP500 and Mercury retrograde .....
2/25/2005 1:34:02 AM

Mercury's retrograde cycle presents us with
another chance to verify a natural pivot level
for our markets .....

:)

Hi folks,

Right now, it would seem that the market will
be making its highs around the equinox, but
it is wiser NOT to try and predict the direction,
but let the market tell us which way it will
go, at our target dates .....

..... every market behaves differently, so
while we may know WHEN to trade, it is best
to avoid any pre-conceived notion about
direction, until we get a breakout/breakdown
near a target day, which will give us the direction.

For commodities, we can place buy stop and sell
stop orders OCO, either side of the daily range
to give us an entry on or near a target date.

That takes care of direction .....

=====

Now in March 2005, we will see another opportunity
to use our Mercury retrograde tool, to determine
a pivot level/zone.

Since the last Mercury retrograde, we have the
benefit of a lot more technical data and we can
see that our next pivot line will probably be
around 1184, with the market finding resistance
some 20 points higher and support 20 points lower,
already.

If this sideways move continues, we should see
1184 being maintained as a pivot level, until
the equinox, where Mercury also goes retrograde.

This time, the first target date falls on a Sunday,
so we will monitor the market for an obvious
support or resistance point, on Friday 04 March 2005
and Monday 07 March 2005.

Second target date will be 18-21 March 05, as
Mercury goes retrograde .....

(Gann-related ...
... 24 March 05 is likely to be critical for all markets.)

..... third target date will be 12 April 2005, as
Mercury goes direct ....

..... and the final date will be 29 April-02 May 2005.

(Gann-related ...
... 08 May 2005 is another critical date for all markets.)

=====

Hope this helps you some .....

have a great weekend all

yogi

http://easy-trading-tools.00cd.com

:)

================================


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