Saturday, June 25, 2011

Could asteroid visiting Earth on Monday combine with Fibonacci and cycles to help mark a market low?

Is it mere coincidence that asteroids come close to Earth not only around the February highs (the Fibonacci 1.382 time extension off the 17-month slide into March 2009), but now on Monday June 27, right by the 1.618 time extension? I might have to keep an eye out for what may come in September/October with the 1.786 time extension! Then there's the double (2.0, meaning 34 months) time extension in January. Interestingly these are also times that have been mentioned by Raymond Merriman related to his financial astrology. And I could even point out the likely underlying significance of 8.6 as a number - and how 8.6 times two is approximately 17... But I digress. Let's take a look at news reported based on a discovery made just a couple of days ago, on Wednesday, June 22. This particular article I found from a headline at Drudge Report, with the article itself published at Below are portions from this article, but first I'll show daily and weekly charts of the $SPX to help illustrate the time periods we're looking at for the cyclic highs and lows.

And now, here's the quote from the article cited above:

Asteroid to Pass Extremely Close By Earth on Monday

Asteroid 2011 MD Earth flyby diagram for June 27, 2011
Trajectory of asteroid 2011 MD during its June 27, 2011 flyby from the general direction of the sun.

Here's something to dwell on as you head to work next week: A small asteroid the size of a tour bus will make an extremely close pass by the Earth on Monday, but it poses no threat to the planet

The asteroid will make its closest approach at 1:14 p.m. EDT (1714 GMT) on June 27 and will pass just over 7,500 miles (12,000 kilometers) above the Earth's surface, NASA officials say. At that particular moment, the asteroid — which scientists have named 2011 MD — will be sailing high off the coast of Antarctica, almost 2,000 miles (3,218 km) south-southwest of South Africa.

Asteroid 2011 MD was discovered Wednesday (June 22) by LINEAR, a pair of robotic telescopes in New Mexico that scan the skies for near-Earth asteroids. The best estimates suggest that this asteroid is between 29 to 98 feet (9 to 30 meters) wide.

According to NASA's Near-Earth Object Office at the JetPropulsion Laboratory (JPL) in Pasadena, Calif., an object of this size can be expected to come this close to Earth about every 6 years or so, on average. [Photo of asteroid 2011MD trajectory]


The asteroid's upcoming Earth flyby will be a close shave, but not a record for nearby passing asteroids. The record is currently held by the asteroid 2011 CQ1, which came within 3,400 miles (5,471 kilometers) of Earth on Feb. 4 of this year.

Okay, there's also a 6-year cycle that was also discussed in a recent article I posted about, by Clif Droke at, talking about Samuel Kress' cycles work. That 6-year cycle crests this year, ideally in October, but the market might only make a lower high at that time.

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