Wall Street Forecaster

This week's forecast

This week's forecast has been posted at: http://www.oss.cc/Newsletters/oss_Newsletters.asp

Expecting a drop

Today's cycle projections show an upward move in price.  The weekly cyclical projection indicated a lare sell-off this week.  While the weekly cyclical indicators are seldom wrong, it has happened, but rarley.  For the weekly cyclical projection to be corrected, a sell-off of +250 points would have to take place tomorrow.

Currently, the OEX is bumping up against the 50MA for the first time since it dropped below on the 11th. 

U.S. States Look At Potential Return To Gold Standard

(Kitco News) - Uncertain economic times and distrust of fiat currencies have people around the globe flocking to the safety of hard assets, with gold and silver the primary beneficiaries of that discontent.

Some U.S. state legislators are starting to also look at what they can do to protect their local economies and many are wondering how they can enact a gold standard. It’s unlikely, however, that states can go very far without being in conflict with federal law.

http://www.kitco.com/reports/KitcoNews201103220DeC_focus.html

HERE COMES TROUBLE?

 A big sunspot is emerging over the sun's southeastern limb, and it is crackling with activity. NASA's Solar Dynamics Observatory recorded a surge of extreme ultraviolet radiation from the sunspot's magnetic canopy on March 21st: http://www.spaceweather.com/

 

Jupiter Opposes Saturn

Jupiter Opposes Saturn for the 3rd and final time on the 28th.  Below is a chart of what happened in the OEX the last two times this happened.

 

Outlook for next week

This week's newsletter & forecast has been posted at:

http://www.oss.cc/Newsletters/oss_Newsletters.asp

Sample of the OSS INDICATORS letter at: http://www.oss.cc/OSS_INDICATORS_101206.pdf

 

Worst than Japan

I still expect something worst than Japan to happen sometime in the next 10 days.

#SPX

Should be an Up day with the high around 2pm CST.

OSS RESULTS FOR 2011

http://www.oss.cc

OSS NEWSLETTER & FORECAST FOR THIS WEEK

This week's newsletter and forecast has been posted at:

http://www.oss.cc/Newsletters/oss_Newsletters.asp