To make things easier, I have decided to use the Sensex chart to illustrate the various Lunation ( Lunar phenomena ) which tend to have an effect on the market. As we all know, without Moon there can never be any effect.
Blue: Moon`s distance from the Earth.( Perigee is closest and Apogee is farthest )
Black: Moon`s Latitude
Green: Effect of Moon`s phase
The direction of the arrows are tentative. Do not take them literally. They only indicate the direction expected by me. The real message here is that those are potential points of reversals.
So January 10 th, a Perigee day. Day star is Ketu. Maybe we will see a recovery.But over the weekend, we have some tight declinations coming in.
January 12 is New Moon and it is also a day of extreme Declination for Mercury.
January 13- Venus is becoming extremely declined.
January 14- Moon will reach its extreme Latitude.
So any recovery on Jan 10 and 11 may give opportunities to short at higher levels.
If c subdivides tomorrow and enters into the territory of 1 next week, we may have to modify the counts in a more meaningful fashion, which we should know by this weekend.
Trade carefully please. We are in a volatile ground.