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)


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

  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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