Friday, August 6, 2010

Investor Fear and The Grand Cross

The 10 o'clock hour on Wall Street - Dow Jones Industrial Avg.
"The Dow Jones Industrial Average fell 148 points to 10526 points and a surge in demand for Treasurys pushed the yield on the 10-year note to its lowest level in more than a year. The Nasdaq Composite slid 1.3% to 2263. The Standard & Poor's 500-stock index fell below its 200-day moving average, tumbling 1.4% to 1110." WSJ AUGUST 6, 2010, 1:31 P.M. ET

In these two charts  you can see that the market dropped dramatically as Saturn was exactly conjunct the Ascendant at 10:03 am.  Pluto was in a transiting formation conjunct the IC and square the ASC.
Intraday 5 minute chart - (Screen shot of DJI taken at 1:55pm ET)

2 comments:

  1. Then the Moon came along to trine Neptune and spoiled the pity party?

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  2. Yes! Exactly.

    See my next blog above this one) Thankfully for Wall Street the Moon's last aspect today - a square to Venus - takes place after the bell.

    I wonder what Monday's New Moon has in store for us! I guess everyone needs to read your New Moon report. :)

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