$$ Arch Crawford & The Cardinal Climax

Arch Crawford attempts to time the markets using astrology.  The Hulbert Financial Digest follows his newsletter, and Hulbert rates it highly at times.

Crawford sees turmoil around the corner in the stars.  On Sunday, August 1 he projects a Cardinal Cross.  Here's how he described it in his January 2010 newsletter:

"[There is] a high probability that World Markets will Crash again during 2010. The point of greatest exactitude of the general ‘meanness’ will show itself in late July and early August. During that period Mars will conjoin Saturn, both opposing Jupiter conjoining Uranus (you can joke all you want, but THIS is no laughing matter). Pluto will form a square angle to all four, making a T-Square pattern of extreme animosity. . . .

We will do everything but guarantee you that stocks will crash worldwide within three months of August first (that is between May 1 and November 1). It is expected that technical market analysis of data generated by current market action will assist in pinpointing most danger/opportunity as critical moments approach."

Crawford notes that, following the Cardinal Cross on August 1, there will be a Full Moon on the Fall Equinox (September 22, 2010) and a Total Lunar Eclipse on the Winter Solstice (December 21, 2010), both exceedingly rare events.  He says "We expect the depth and scope of dislocations during this period to exceed anything we have ever witnessed."

Here's an article on Seeking Alpha and an article on Market Watch with more information.  

$$ Gold's 65 Week Moving Average and Gann

Since 2001, Gold has not spent any serious time under its 65-week moving average except for about 4 months in latter 2008.  Generally, Gold finds support at its 65-week moving average.  Accordingly, a retreat to the 65-week moving average is usually a great time to buy Gold. 

This week, Gold's 65-week moving average currently sits at $1080.03 and is rising about $5 per week. In addition, my Gann Square of 9 shows an important inflection point at $1088.50 which can also serve as the basis of support. 

We are currently experiencing a correction in Gold from the peak of $1265 in June.  Gold traded as low as $1159.50 today.  If $1132.25 (another Gann inflection point) does not hold, look for Gold to test its 65-week moving average at or near $1088.50.  Should Gold find support there, I will likely initiate a long position.

$SPX - Gann Inflection Points

The next Gann inflection point on the S&P is 1144.25 +/- 1.5 points.  I derived this from my personal Gann Square of 9 calculator.  Should the S&P experience significant resistance at this level, I will likely initiate a short trade. 

On the Dow, the next Gann inflection point is 10,732.50 +/- 15 points.  For the NASDAQ composite, the next Gann inflection point is 2353 +/- 4.5 points. 

Note, should price break through these inflection points with little resistance, then these inflection points can serve as support levels on any subsequent correction, and can be excellent long entry points if they do provide support.