Before I start this post, I again draw your attention to my most recent post.
I made the case that we were about to see a much-needed, and arguably healthy market correction. This correction will open the door for a 5th leg advance as part of a larger Elliott Wave pattern. So far this week, I have noted that S&P futures would be higher prior to the cash market opening at 9:30 am. Once the market opened, selling would set in and the S&P would fall.
Don’t panic. This is all normal, healthy, and much needed.
And now….for this week’s post.
In my writings over the past 10 years, I have been puzzled by the mention of 14 of Cancer. History books even intimate that in 1492 Columbus waited several hours to go ashore when land was reached so that the Moon would be at 14 of Cancer. When George Washington was President, ceremonies to lay cornerstones at buildings would be timed to coincide with a key feature of the zodiac to be at 14 of Cancer.
What is so special about 14 of Cancer? The answer may disturb you…
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