From the low of 11-17-2010 Jan 3rd will be 45^ over on a 360^ chart. Jan 3rd is also Jupiter 30^ Neptune. Jan 4th is Jupiter 360^ Uranus and just after midnight on Jan 4th there is a Solar Eclipse. There is no markets on Friday the 31st because of the New Years Holiday, leaving Monday's trade a prime canidate for some interesting trade action. If the market rapidly moves up into this zone, I will be looking a some short stratagies, likely long put options, since the trend is a power bender bull. For longs currently on, look at long put options as well with short covered calls to protect equity. If the market made a high on Tuesday and sets back into Monday Tuesday zone I will be an aggressive buyer, risking likely the first week of 2011 low as my risk point.
Farmers may find this to be a good time to average up sales or roll up any puts and your floor at this time. This market is following in the 2007-2008 pattern, but this year you have a hand-full of commodity markets making new all-time-highs already, Gold, Silver, Sugar, Coffee, Cattle, Feeders, Hogs, etc... 90^ left of the 2008 July 3rd highs is Jan 3rd.
The point is; if bullish use caution, if bearish take a stand, if uncomfortable, get out...
Blog Alert from http://www.wdmatrix.com
Using WD Gann Methodology
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