|Stonehenge on the Winter Solstice|
However, the Time factor was off ... and that means we can't be sure this is an intermediate breakdown.
We'll return to the relevant chart in a moment.
This weekend will be the last Eye of Ra report for the year. I need now to shift my mental focus away from the current action and concentrate for a couple of weeks on what 2014 is likely to bring.
Astrologically, the coming week brings the Full Moon on Tuesday (NY time), the same day Uranus turns direct. Next weekend, Venus will turn Retrograde and the Sun enters Capricorn.
Neither the Venus nor Uranus change of direction has a reliable track record of turning markets in any particular direction.
And, in any case, everyone has their eye on what the US Fed will do this week.
Thank you for your company during the year and I wish you all the best during the holiday season.
Forecast 2014 should be ready the first week of January.
Pollyanna and the Nasdaq were the last of the major world indices to top out ...
The DJI and the DAX made their Highs on November 29; the CAC 40 peaked on November 7; the FTSE on October 30; and the ASX200 on October 28.
Last weekend, I indicated the SP500 had potential breakout or breakdown levels associated with a couple of important trines ... Mercury and Uranus or Jupiter and Saturn.
Jupiter/Saturn had the highest price level to watch - $1811.63. The index peaked on Monday at $1811.52 - close enough to a double-top with its November 29 peak.
I also indicated last weekend that breakdown through the lower price levels was likely to trigger strong, further correction. But the break had to happen on the day the aspects were exact. And that part didn't happen.
Compounding the problem of predicting the short-term direction into year's end is the fact that other indices have been in real correction mode for weeks.
The FTSE, for example, has lost almost 50% of the rally which started in June.
The ASX 200, below, has lost 50% of the rally ... though it had a little bounce from that level on Friday.
And the Pollyanna index has lost very little.
For the next couple of weeks, the trading volumes are likely to decline markedly. We can't rule out a bounce ... because a lot of the non-Wall Street indices have reached relatively strong support levels.
There'll also be a tendency for the big fund managers to want to end the year on a high note. And Benign Ben is nearing the end of his term and one suspects doesn't want to see it all come to an end with a sharp drop in the market he has taken to new highs.
But, what happens when Ben waves bye-bye?
And that's a topic for another year!
Warm regards, best wishes and ... Safe trading - RA
Astrologicalinvesting.com note: Randall Ashbourne's Forecast 2014 will be available to purchase in January 2014 at
www.astrologicalinvesting.com as well as www.theidiotandthemoon.com
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.
Randall Ashbourne's Forecast 2014 will be available to purchase at www.astrologicalinvesting.com/html/shop.htmlwww.astrologicalinvesting.com as well as www.theidiotandthemoon.com
(Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2013