Itronics Inc (ITRO)

[Chrion]

Hey fed: Moon:

Right now I am hesitant to make any big predictions about the overall market. I agree that just looking the moon chart it looks like we should get a nice drop around the coming full moon. The tick lines are peeking. Possibly rally wed and then down thurs/fri?

Or maybe we get an intermoon reversal and we go straight into a low on feb 28th. Possible sideways action on the market? Nothing on the chart really suggests that, except that the broad markets seem to be kind of in limbo land now; unable to find a solid direction.

To be honest, I don't have a good feel for what will happen. I will say that this is the second time I saw the three moons like we did and it usually represents a top. We already had an 8% correction. Will we head down more and end up around 10%?

The author of astrocycle.net says that we may see a low coming into Feb 28th and into March 4th around 1018-1030 (S&P 500) then to come up into April highs. According to the author; as long as we don't break 1018 the uptrend is still in tact.

What i see is all major indicies have gone bearish via Ickimoku Cloud and MACD on the daily chart but are still holding bullish on the weekly chart. They are still holding the long term MA even on the daily chart.