This article is brought to you by:
CONSENSUS
ASTRO-TREND
6457 Autumn Woods Blvd., Naples, Florida
941-594-3939(April 5, 2002) STOCK INDICES: Our forecast for March was for a "peak March 8-10, followed by a sideways to lower market that accelerates to the downside beginning circa March 22 and continues sharply lower into April 1. the first week of April should exhibit a slightly more positive sideways action." In fact, the S&P 500 made an initial high on Monday, March 11, then went sideways followed by a slightly higher high circa March 20. This final peak was followed by a decline lasting until April 2 after which the market mostly chopped sideways.
The Planetary Index for the coming month shows a sharp down move with a low indicated on April 26-29. The Fibonacci cycles are indicating a slightly higher to sideways outlook with a slight peak mid month and a slight low circa April 20. The Gann DJIA 2002 January Barometer forecast is indicating a re-test peak the second week of April, which will precede a sharp down move lasting well into the autumn months of this year. Synthesizing these three forecast models, we arrive at the probability for a down trend beginning by 4/9, or no later than 4/12. The down trend should move sharply lower for one week after which the market will continue to trend lower but in a more whippy fashion. A low is due circa April 26-29 which will be followed by a sharp bounce into May 2.
KEY DATES--4/8, 4/10, 4/15, 4/22, 4/24, 4/26-29, 4/30, 5/1, 5/3 AC.
3/01 SPX close 1131.78. 4/05 SPX close 1122.73.
Norman Winski
Hosted by:
CONSENSUS, INC. AND INVESTORS
CO-OP
P.O. Box 520526
Independence, MO 64052-0526
816-373-3700
Fax: 816-373-3701
editor@consensus-inc.com