|Targets for Various Indices|
It is difficult to generalise because not all markets are moving in the same direction.
In Europe, for example, England and Germany have failed to take out their May highs, but France and Holland have exceeded those levels with some technical indications they can go still higher.
In the broader Asian region, New Zealand, Malaysia and Indonesia are still close to all-time highs, while India, Singapore and Hong Kong are struggling to recapture peaks from earlier in the year.
We will review some further long-range and intermediate charts for a range of indices this weekend - including the SP500, the FTSE, the DAX, France and the Netherlands, India, Singapore, Hong Kong and Australia. I'll add some others in the next few weeks.
Astrologically, we're within the period I went into some detail about last weekend - where Jupiter is starting a series of oppositions to Pluto and squares to Uranus; two signatures associated with long-range peaks in the Wall Street indices.
We'll begin this weekend with the long-range planetary price chart for Pollyanna, the SP500. I've been warning for the past few weekends that technical conditions on the daily and weekly charts were deteriorating badly and in the July 29 edition I published a chart showing there was probably very little upside left for the bounceback which began in June.
At least so far, Pollyanna has been unable to reach that target - around the 1720 level.
We can't be absolutely certain that a major correction is now underway. But the odds are likely that is the case.
While American markets have taken out the May high, the FTSE has spent the past few weeks trapped between two major planetary price lines at a lower level - and the oscillator continues to be very unhappy.
The same is largely true for Germany's DAX index (below).
Singapore is now in its 6th week of pushing against an overhead Saturn level well below its May peak.
In a healthy environment, there is a tendency for everyone to move in the same direction. There are always some exceptions, of course, because of local or regional factors which tend to be relatively short-lived. That's not really what we have here, even allowing for some regional differences and changes in currency rates.
In any case, I hope these intermediate and long-range charts help you determine probable targets - both for what I think is probably another downswing correction and, also, for potential tops to the Bull market in any bounceback out of the correction.
Safe trading - RA
Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, and The Idiot and the Moon, Forecast 2013, writes a free weekly column titled, The Eye of Ra on his web site in which he explains the potential impact of astrological aspects and the current state of technical conditions. Ashbourne's charts are revealing illustrations of exactly what has occurred in the market and the probability of what to expect.
Important reading: Randall Ashbourne's The Idiot and The Moon, Forecast 2013 , Jupiter's cycle and its effects on Wall Street and a posting of the weekly Eye of Ra report in this blog, titled A look at the Venus Retrograde effect
(Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2013
The Idiot and the Moon, Forecast 2013 Sale price 1/2 off!
Major trend change dates for the full year, plus a month-by-month breakdown of high-energy trading dates and critical reversal dates.
An index-by-index analysis of Moon Trading across major American, European, Asian and Australian stock indices-
Identifies the major indices where following the phases of the Moon can dramatically cut profits, or even result in large losses.
Old Gods & Gold ... a Eureka! discovery about exactly what drives gold prices during rallies and corrections and charts showing highly-reliable target levels to both the upside and downside.