The following alert has been sent to subscribers, but due to the ugly outlook for the markets LIKE 2008 REVISITED, I have decided to make it public.
OSS ALERT -- Sept. 12th 2011 11:00 pm CST
Today ended up as expected with a Full Moon as the Moon reaches 0° declination, the most positive point in the declination cycle.
The rest of the week is so-so. The only strong indicator is in the Project Trend chart which shows a large move up on Wednesday. Remember, the Project Trend can inverse, but any larger moves it indicates tend to occur within one day. Wednesday is the most positive day of the week, so I will wait till Wednesday's close before taking a short position in the OEX.
Next week's indicators are just plain ugly. So if we do get a big move down this week, don't feel you missed, there is a much big drop coming next week.
It is important to remember that Friday is options expiration day. For almost a year now, we have seen the government try to pump up the markets during expiration week. I think they will do it again, so buy only Oct. Puts.