We see the market making a roller coaster ride like the rabbit jumping nests to nests. And it is so happy that its duty is ending. To it is jumping out of hiding to welcome the Spring.
Now comes the Black Dragon (壬辰）, (black is equivalent to Water in Chinese astrology). In fact it is going to herald lots of water, as the water dam (辰）is going to be breached. We can expect a lot of calamity relating to water in this new year.
First, we would have snow storm in China, alike the ones in 2008. When snow cripples most part of China.
Second, there would be tsunamis across Pacific Ocean, possibly submerging Taiwan, the South-east Asia. To some it is akin to what you see in the movie 2012.
When water is abundant, wood would float. fire would quell. The real estate and housing industry would be directionless, like a floating piece of timber. Fire, akin to Oil, Petrochemicals industry would be receding. And abundant water would drain Gold. Expects Gold not to do well. As Gold is suppressed, expect Hedge Funds like Soros to do well. Soros would make a major assault this year. Soros does not have much time to live (unless he takes my exlixir), so he is going to leave a legacy. And in a year of abundant water, the Republican Elephant is going to wade through the flood, while the Democrats Mule would be almost drowned. The Republicans would be doing better and better starting February, while Obama would be besieged.
As Dragon is rummaging through the water, expect another roller coaster year of larger magnitude. Higher peaks and lower troughs, i.e. expect SPX to breach 1400, and breaks 1000. But no confirmed Bull or Bear trend.
As the deity of wealth is in the WEST. Expect Western markets, i.e. US and Europe to perform better. Asian markets would be struggling, especially those in South-Eastern Asia, i.e. Thailand, Vietnam, Indonesia and Malaysia. Thailand would be hard hit.
So to ride the peaks and troughs, you are advised to follow my blog or subscribe to my newsletter. It would save you tens of thousands if not millions.
Ever since, China markets allow future and options to short, the markets have been on a downride. And pretty sure they are enjoying it, ready for the next ride down.
SPX to hit 1320 today, and Gold to kiss 1666 goodbye.
Did you not see this Water Dragon (eel) ? like the Lochness monster ?
Update Asia close
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A Chinese geomacer got this to say:
" Wealth
There will be some unavoidable financial loss to deal with this year, so be sure you have a back-up plan. Bear in mind that any loss will not be a bad thing – there is a good chance you’ll be able to recoup what you lose. "
Loss is not a bad thing. Let us all have losses. Would you ?
so make yourself a follower of my blog (see right handside of the Blog), and get rid of those daily nonsense.
Euro hit a high of 1.2986 and poof, it drops.
and Gold hit a high of 1670 and poof, today it managed a high of 1658 at London open.
And Hong Kong Stock Index passed 20,000, a first time in so many months.
So it is now SPX, INDU, NDX turns to welcome the year of the BLACK DRAGON.
The other baffling thing is that USD is weakening. Last high was 81.78.
TBE To be explained.
Update US Open
despite the warning from GE, the "meltup" continues. The fall of Euro is arrested on hopes that Greece creditors would reach agreement.
Gold now melting back up to 1655 after reaching 1645.
Hence there are definitely a lot of convinced buyers out there with every dip.
AUD did very well, reaching 1.0470.
Still looking for SPX to reach 1320, before I decide next move.
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