Krystal Ball

Posting dated 2^nd June 2001.

BSE Sensex –Market Timing for June 2001.

Fibonacci  market turning dates.

Fibonacci’s calculations when applied to certain highs and lows achieved by the BSE Sensex in the past pointed to some dates in June 2001 that bear a close watch.

The calculation is presented in the table below.

The last row in the table carries presents dates in June when the market is likely to have an “event”. The event may be a market high or low after which the trend may turn. Or a significant decline or spike on those days. All these days have a 1day leeway forward or backward.

One cant say well in advance relying on this method alone as to what exactly will happen on those days. All that can be said is that those days are likely to be more eventful in market terms than other days. So a rational approach by following this method would call for following the daily trend of the market as it approaches the fibonacci date window and then expect a turn on that date. 

I find it better to judge market behavior in advance by combining Fibonacci study with Astrology (and Wave patterns that are not presented here.) 

1. 4^th of June is calculated from one significant low point in Yr.2000 and from one

minor high this year. The day co-incides with Sun’s release from the orb of Saturn after a recent conjunction. Perhaps that points to at least a minor low on that day followed by a recovery on subsequent days or a recovery commencing that day. 

2. Dates 9^th and 10^th are calculated from two intermediate markets lows in the Yrs.2000 and 2001 respectively. They are preceded on 8^th by a marker calculated from a minor low in Yr.98. These days are positioned when there are no adverse planetary effects. Jupiter transits from Taurus to Gemini on the the 10th but that will mark an impact only on  the intermediate trend of the market and not short term. If the trend leading up those days is ‘up’ perhaps the market may correct itself slightly or spike up more on those days.

3. 12^th of June is calculated from a significant market low in Yr.99.That day falls near the date of Mars retrogression into Scorpio on 15^th. Perhaps the market may reach a short term high on that day followed by a decline or a good decline on that day itself.
4. 20^th and 21^st are days calculated from minor highs and lows this year. By themselves they don’t seem to be scary. But on 20^th Sun enters the stellar zone of Rahu.  A solar eclipse follows the next day after which Sun is in perfect conjunction with Rahu on 27^th/28^th.That period is fraught with warnings that are detailed in the section “Astrology and World affairs”. I wont be surprised by the market being affected adversely throughout that period.

SUMMARY.

All in all from a Fibonacci and planetary perspective the market is good for buying and trading upto the middle of the month. It may be advisable to exit long positions during the second half upto the month end.   

 End.

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