Sunday, December 7, 2014

Germany joins the USA in all-time Highs

Randall Ashbourne, an associate of Astrological Investing, posts a weekly market report on his web site, theidiotandthemoon.com  The following is this weekend's Eye of RA report: Week beginning December 8, 2014 
 Wall Street continues to make marginal new Highs, though the SP 500 is still shy of touching a major planetary price barrier at 2082.

 Trading on Wall Street was relatively subdued last week, despite some strong astrological aspects involving Jupiter and Uranus.

 There are more of them to come, especially over the next week when Jupiter goes Retrograde, Venus moves to Capricorn, the Sun trines Jupiter ... and we get another exact hit of Uranus square Pluto.

Europe, especially Germany, is now bouncing back from weakness earlier in the year. You might recall that some months ago we talked about the DAX running into long-range overhead planetary price resistance.

It was strong enough to send the DAX into a multi-month downfall. However, the pick-up in performance since the low in mid-October has lifted the German market back into the same territory.

European traders are hopeful that the ECB will now follow Japan, taking over monetary expansion from the US Federal Reserve.

We'll look at the key levels now.

Below is the long-range planetary price chart for the DAX. Midway through 2014, the index ran into the Pluto barrier priced in the early 10,000s, prompting a strong correction.

The index is now making another attempt to breakout northwards. At this stage, the Bird Bird oscillator seems very dubious.

The SP500 continues to fall just short of touching its overhead Pluto barrier in the early 2080s. It's entirely possible the resistance could be breached by a gap Open, opening potential targets in the 2100s.

A couple of weeks ago, we discussed the under-performance of the ASX200 and I suggested a Uranus price line, then priced at 5270 could provide a stronger level of support.

The index had a one-day dive below the level last Monday, but recovered the following morning. The weekly resistance from Saturn lines around 5382 and 5417 need to be overcome before the index has a chance of challenging the August highs. 

Safe trading - RA

Randall Ashbourne (Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2014


Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, and The Idiot and the Moon, Forecast 2014, 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.

1 comment:

  1. Many Thanks for all your awesome forecasts , a lot of hard work.
    Wishing you and your family Happy Holidays and a Prosperoud New Year 2015

    ReplyDelete