Alarm bells ring in the tech index

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 October 1, 2012

With September and the 3rd Quarter now behind us, we'll spend a little time this weekend looking closely at two of the major American indices for signs of stress.

The danger of an unexpected Black Swan event remains in force over the coming week. This weekend's Harvest Moon provides a potential trigger for more negative energy - compounded by some major astrological energy shifts over the next few days.

Four planets change signs and Jupiter goes Retrograde.

Both Mercury and Saturn make the move from Libra into Scorpio; Venus moves from Leo into Virgo; and Mars changes from Scorpio into Sagittarius.

Long-term, the most significant shift is Saturn because it will spend the next couple of years travelling through the sign associated with Big Debt, Big Money. Let me explain first how this works in a personal horoscope, though I must stress the interpretation is broad-brush and does not apply to all individuals.

In a "natural" horoscope, Scorpio rules the 8th House - which is the house relating to "other people's money".

An individual undergoing a Saturn transit to the 8th is very likely to find access to other people's money cut off.

This is a time when banks refuse you a loan or a mortgage, when your debts become a major burden to service, and when the Tax Department audits your returns for several years and decides you owe them a LOT more than you've been trying to get away with.

Now, just like you and me, nations also have a "personal" horoscope so not every country is going to suffer the same symbolism. But, because of the long-range negativity of the Uranus-Pluto square already in effect across much of the world, we can expect the sovereign debt issues affecting countries like Greece to magnify significantly over the next couple of years.

Saturn's entry into Scorpio will bring those issues to a head. Banks will be affected, the Treasuries of nations will be affected, insurance companies will be affected. Anyone with large exposure to banks, financial stocks and insurance companies should take some time in the next few weeks to closely examine the technical conditions of their holdings.

The principle of Saturn in Scorpio is that anyone who has become too reliant on "other people's money" faces an unwelcome reckoning ... because the money tap is about to turned off. Saturn transits demand we take a conservative and responsible attitude to debt - or face the consequences.

Those governments which have been blustering and bluffing face a dose of reality. We must consider the transit is a long one; Saturn takes almost three years to travel through each sign. And the Mars shift to the boundless enthusiasm of Sagittarius may provide the opportunity for one last moment of mindless enthusiasm before even the most ardent optimists are challenged.

For several weeks now, we've been exploring the likely limits of the upside in various indices and watching for the first signs of negative divergence to appear in our oscillators to warn of major roadblocks.

And with September and the 3rd Quarter now behind us, that's what we'll be looking at this weekend, concentrating on two of America's major indices, since it's only US Federal Reserve intervention and manipulation which has been holding those markets aloft.

We will begin with Pollyanna, the SP500.

click to view larger image

The first thing we need to take into account is that the SP500 has followed the technical "rules" fairly closely since the Bear bottom in 2009 - finding either Support or Resistance at key Fibonacci levels while rising at an overall angle determined by a pitchfork anchored at key tops and bottoms.

The long-range Canary has endorsed the September high by making a higher peak compatible with the price high.

click to view larger image

September also behaved perfectly with the rules of the Bi-BB system, which is explained in The Technical Section of the book. Unlike the long-range Canary however, the fast MACD doesn't like the new highs at all. I've used a couple of examples over the past weekends to show you how MACD divergence actually needs time to build and if you're a new reader, you might want to revisit the last couple of editions.

The MACD divergence has been building-up in this index for a very long time now.

click to view larger image

I also discussed, a few weeks back, the possibility that Pollyanna was marking out a termination pattern known as an Ending Diagonal and September's false break outside the upper boundary of that pattern increases the probability that it is what is happening ... and that the index is getting very, very close to breaking out or breaking down.

click to view larger image

And we've also been regularly reviewing my long-range Old Gods chart for the 500, where I've discussed the importance of the dotted Neptune line at 1468 - as well as the potential for the index to make a final exhaustion run to 1522 or 1562 before the collapse gets underway.

Now, let's turn our attention to the state of the Nasdaq 100.

click to view larger image

I've discussed a number of times the importance of 50% retracement and extension levels to some indices and a few weeks ago we looked at this chart, anticipating the NDX would face a major hurdle at the 2805 level.

However, that's not the most important thing on the chart. We have in the NDX what is missing in the 500's chart - a severe and increasing level of negative divergence in the long-range Canary (the blue oscillator line). All three versions of the Canary HATE the Nasdaq's new September high!

There is a very loud alarm klaxon going off in this index ... and it is even more obvious in the NDX weekly chart, below.

click to view larger image

Since the index deals with technology-related stocks, it's no surprise to discover that Uranus is the Old God most closely associated with its long-range targets, either as Support or Resistance. Uranus is delineated on the chart below with the orange lines.

click to view larger image

Last week found Support when price retested the Uranus barrier which had twice previously acted as Resistance. However, as with the previous chart, there is negative divergence from the height of the MACD signal line peaks, as well as the histogram peaks. This index is in danger territory. It is showing all the classic signs of getting very close to a major breakdown.

So, while we have no solid leads yet that Pollyanna is about to morph into Chicken Little on the SP500, we have very clear signals from the Nasdaq 100 that the American market internals are no longer stubbornly Bullish.

click to view larger image

The chart above is the DAX Weekly Planets. It failed to make it all the way to the Neptune line at 7490 and has gone from a Saturn (cyan) high to a Saturn low. However, with this index, it's the grey Neptune and orange Uranus lines which are the major targets.

click to view larger image

The FTSE Weekly Planets chart is next and needs no explanation.

And below is a really simple chart of the ASX200.

click to view larger image

I display this chart once again as an example of just how simple - and informative - a chart can be without having to rely on expensive software. It actually flies in the face of the omens from the NDX. The downtrend angle has been broken and the long-range Canary is suggesting further upside, so long as 4266 isn't breached by October's close.

Okay, I've spent more time than usual this weekend concentrating on the 500 and the NDX, since Wall Street and the Fed seem determined to follow the American Presidential Pattern, which normally sees an October slump followed by a fast rally into the November election period.

Next weekend, I'd hope to look at the Asian markets again - especially Shanghai, since what happens in China will be important. And I also hope to have another look at the main Canadian index since it has been quite a while since we reviewed the TSX60.

In the meantime ...

Safe trading - RA

Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, 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 article, 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 - 2011-2012

A Harvest Moon in a Cardinal T-square

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 September, 24 2012

The end of the coming week - the end of September - brings a Harvest Moon when we shall reap what has been sown. 

And there is at least some danger that the silhouette flying across the face of the Full Moon is ... a black swan.

Last week, we had the second exact aspect of Uranus square Pluto; it's a long-range astrological event with a history of sending the world into a financial tailspin and reoccurs a number of times heading into 2015.

I've discussed the broad symbolism of it in these columns over the past year and detailed it at length in Forecast 2012. It's basically aggressive, radical reform challenges the status quo and the desire of the plutocrats to keep tight control.

According to a news report sent to me by my colleague Marlene, at www.astrologicalinvesting.com, George Soros is now so worried by the symbolism of the aspect, he has dumped stocks and turned to gold. I don't know if the eminent investor has been in the fortune teller's tent lately, but it sure sounds like it.

"Soros, who has written extensively of a coming global paradigm shift  in his book, The Crash of 2008 and What It Means, calling the current economic and political model ”an end of an era,” has recently suggested that the financial and economic situation across the world is so serious that Europe could soon descend into chaos and conflict. He also notes that the world is entering “one of the most dangerous periods in modern history”, and foresees violent riots in America and a brutal clamp-down by the government that will dramatically curtail civil liberties."

There is a chance some of that will take centre stage over the next week or two, because the Full Moon sets off the energy ... with the Moon in Aries conjunct Uranus and square Pluto in Capricorn, while the Sun in Libra is opposed to Uranus and square Pluto.

The aspect involves three of the Cardinal signs - action signs; and with Venus squaring Mars, it's a lot of potentially negative energy.

Over the past few weeks, we've gone through long-range and weekly planetary targets for a range of indices to get an idea of what's possible for a final topping range.

Last weekend, I introduced the main part of that Eye edition with a couple of planetary charts which hit their targets fairly precisely. This week, we'll repeat the exercise, starting with India's Nifty 50.

click for larger image

I updated this chart last weekend with the new upside target listed at 5690-ish. Mission accomplished.

Similarly, in the past few weeks, we've kept a close eye on the targets for Germany's DAX index.

click for larger image

And with a high of 7478 hit on Friday, the DAX has also come very close. Now, there's something else about this chart I want to stress for any of you having trouble actually applying some of the techniques outlined in The Technical Section. As y'know, I've been discussing the lack of negative divergence apparent in the long-range Canary, particularly on the SP500.

This is another example of it, using the fast MACD. I've made the point in the book that negative divergence takes time to develop and there's a classic example of that marked with a yellow oval during the small Head&Shoulders pattern which formed the last time the DAX hit these planetary levels. The MACD peaks continued declining as price formed the topping pattern.

And, as I've been doing with the 50 CCI, I stress that sort of divergence just isn't there in any meaningful form during the current price moves.

What that means is this ... it is PROBABLE that we have NOT yet seen the final highs in most of these indices. Now, the only caveat to that is the arrival of a Black Swan. And, by their nature, Black Swans are difficult to predict. All I can say in terms of The Spooky Stuff is that the next couple of weeks sets up the conditions for the potential for one to occur. But, most of the time, we follow the rule that astrological expectations do not override technical conditions.

In discussing Pollyanna, the SP500, last weekend, I indicated the Neptune price level the index had hit was historically important and that we had probably touched at least a stalling point. Eh! There's no need to labor the point. If you need a reminder of the long-range levels, go back into the Archives.

We took a look at London's FTSE last weekend and I said its failure to close above a Venus/Uranus price crossing point indicated a correction was likely to begin. And ...

Again, check the Archives for the FTSE's Weekly Planets targets. And now we're going to do something I really should have done long ago for my Asian readers ... look at the state of the Singapore and Hong Kong markets.

The Hang Seng index has hit Weekly Planets targets capable of stalling its recent rise. There are no warning signs from the state of the oscillator, but further gains require the index to move above the grey Neptune line and also get on top of the primary Saturn line (thick cyan).

The Straits Times index, of Singapore, is showing a potential double top with significant negative divergence in the height of the current MACD histogram peaks - a potential warning sign the next couple of hundred points will be difficult to achieve immediately.

Recently, I've been showing one of my private charts I use for the ASX200 when it is between levels on its Weekly Planets chart ... and the template also works for the STI.

In the coming week, price on the Straits Times will have to overcome the negative influence of a downtrending Mars line ... or drop with it.

And our final chart for this weekend is my home index, the ASX200 ... and Auntie's Weekly Planets targets, whichever way things go.

Okay ... a brief recap. Those indices which have put on a spurt, like the Nifty and the DAX, are hitting important weekly levels ... as Pollyanna did the previous week.

If we were to take our cues from a purely technical point-of-view, there are no major alarm bells going off and therefore the probability is that most of these indices are still within a Bullish run.

The only thing which would normally throw us off an optimistic course would be the arrival of a Black Swan ... and there are Spooky Stuff conditions which allow such an event to occur in the near future.

However, even though the Harvest Moon does carry that potential, we also have to consider that we're not only coming into the end of the month, but also the end-of-quarter, when the bonus boys often cook the books to line their pockets.

In the past few weeks, we've been through a range of long-range and weekly planets charts to get an idea of price targets, upside and downside, and all of that information is in the Archives.

Safe trading - RA

Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, 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 article, 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 - 2011-2012

October 2012 Astrological Calendar - Transits for NY NY, The NYSE

Astrology calendar showing the day and times of planetary aspects for the NYSE, for the month of October 2012.

Click image to view full size calendar.

October 2012 Astrological Calendar - Transits for London, England, The FTSE

Astrological Calendar showing the day and times of planetary aspects for the FTSE, for the month of October, 2012.

Click image to view full size calendar.

October 2012 Astrological Calendar - Transits for Sydney, Australia, The ASX

Astrology calendar showing the day and times of planetary aspects for the ASX, for the month of October 2012

Click image to view full size calendar

The Autumnal Equinox, September 22, 2012

Chart for Washington, D.C. USA

Chart Analysis with discussion of Astrological Events

Listed in the Astrological Events of the Season is the September 19, 2012 Uranus square Pluto aspect at 7° Aries/Capricorn. Click here for list.

Though exact before the Equinox, this aspect remains an important influence throughout 2012, up through 2015. It is significant because of the implication of its meaning globally as well as at home.

The Autumnal Equinox, Wednesday, September 22 at 10:48:58 am EDT, Washington D.C.
“What all the wise men promised has not happened,
and what all the damned fools said would happen has come to pass.” – Lord Melbourne

Charles E. O. Carter, the great Twentieth Century British Astrologer, states in the book, Mundane Astrology, The Astrology of Nations and States, "Uranus represents the administration of power, the administrative officers of the State and all their functions." Additionally Carter goes on to say, "Uranus rules power on the physical plane - dynamos and all power generators." With such electric energy, Uranus is as unpredictable as lightning. When afflicted by difficult aspects Uranus is rebellious and anarchic. 

Pluto desires to control power, using power to control. With an affinity to the Underworld, it reveals what is hidden and dark, bringing elements into the light making what was powerful now vulnerable, thus easier to tame, reform, transform or destroy. Pluto, like Mars, is a planet of war, but much, much more ruthless. With it's scorched earth policy Pluto brings about transformation, but only after destruction of what lies in it's path.

Randall Ashbourne writes, "Uranus represents an energy which demands change, reform and radical restructuring of everything it considers "wrong". In Aries, the demands are aggressive and, if thwarted, will turn to direct action ... from taking over the streets to taking up arms. Pluto represents great power and great wealth concentrated very narrowly. In Capricorn, it is very much all about control by the plutocrats... " - Eye of Ra report, week beginning June 18, 2012

So, what we have in this season ahead is a time greatly influenced by tense, dynamic energy pitting the nature of these two planets and the signs they are in against each other to force an outcome. It is quite understandable then, that the world has been confronted with economic and political crises.

Bold, impatient, impulsive and rebellious Uranus in Aries square Pluto in Capricorn has brought about the reigniting of anti-Japan protesters across China; has exposed the euro as a divisive force instead of what was to be a uniting force for European countries; and has driven deeply divided political parties in the USA to face off in a nasty, bitter battle for the White House while America faces a fiscal cliff ahead regardless who wins. It has brought about the Arab Spring uprisings, and now extremely anti-American sentiment and tension in the Middle-East. We now are experiencing what some journalists have named "the Arab Winter". 

"U.S. embassies and consulates have been breached this week in Egypt, Libya, Yemen and Tunisia — the same four countries to rid themselves of decades-long dictatorships in what became known as the Arab Spring of revolutions last year. In Libya, the only place the U.S. used its military to ensure regime change, the violence was the worst, claiming the life of Ambassador Chris Stevens and three other embassy staffers." The Washington Post, September 14

The Equinox chart is rife with difficulty. Sun in opposition to Uranus square Pluto with Mars on the Ascendant in Scorpio. Markets will go on a wild ride, gold and silver prices will rise and fall and people are in an aggressive mood...

The Equinox Sun for Washington, D.C. appears in the Eleventh house with Mercury

The Sun in good aspect here should be beneficial for Washington D.C., however five days later, on September 29 the Sun forms an exact T-Square with the Uranus-Pluto aspect. National and International news is filled with stores of anti-American protests and of a presidential campaign that only gets nastier.

Mercury goes retrograde on election day and that isn't good news for the candidates. The last time Mercury stationed retrograde on election day was in 2000! And we all know how that went...

Mars (co-chart ruler with Pluto) in the first house square Venus in the ninth - An aggressive spirit has risen in the people regarding domestic matters and matters abroad. With riots, strikes, fires, assaults, and rumors of war, military affairs attract attention and battleships are launched. Financial questions affecting foreign relations cause debate and concern.

Moon in the Second House sextile Saturn in the twelfth - Economic worries are soothed by the Fed's release of more money into the market to influence financial affairs generally. This adds to the ever increasing political power of the Fed.

The national debt and the economy is an important campaign issue, but what women "value" and what their needs are an important part of the debate in the presidential election.

Saturn enters Scorpio on October 5 - Real and responsible reform regarding financial policy must be dealt with as Saturn transits Scorpio over the next three years. Debt, regulations in banking, and taxation are areas that both political parties must confront.

Pluto in the Second house square Uranus in the fifth house - suggests a possible increase in military spending and a discontent over national extravagance. Possible loss in equities in the stock exchange causes precious metals to soar. Disputes over financial questions and taxation cause concern.

Neptune in the fourth house - This is good for crops if the weather remains temperate and damp, but there is a possibility of cold, damp weather. Not only is there a good deal of fluctuation in temperature, but in the political climate as well!

Jupiter in the eighth house sextile Venus in the ninth house -Opportunities for financial relations with foreign countries improve. This is fortunate for trade and the shipping industry.

Happy Halloween, October 31, 2012

Happy Thanksgiving, USA November 22, 2012

Be sure to read the New Moon Newsletters for September, The New Moon in Virgo, September 15; for October 15, The New Moon in Libra; and for November 13, The New Moon in Scorpio. (If those newsletters are not for the current month, you will find them in the newsletter archives.) To get these newsletters in advance please subscribe here.

All the best ~ Marley

Marlene Pfeifle, CAP

Elephant poop on a ragged Bear rug!

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 September, 17 2012

Are we there yet? That's the question on everyone's lips after Uncle Ben surprised most of us with an open-ended QE3.

The decision sent most world markets on a rocket ride to new highs - right into the statistical high of a New Moon and what I described last weekend as the "potential positive" of a Venus trine Uranus aspect.

We'll spend some time this weekend trying to divine the answer from the omens of the planetary charts and the technical conditions.

Based purely on what is "normal" for the latter, the answer to the question is: No!

But we may have reached a stalling point. Markets have a statistical tendency to decline between the New Moon and the next Full Moon and the coming week has some negative astrological aspects which may impact on further gains.

Pluto resumes Direct motion; we have the second exact instance of Uranus square Pluto; and late in the coming week, the messenger of the Old Gods, Mercury, will bring news related to the symbolism of that aspect by squaring Pluto and opposing Uranus.

But. As longer-term readers will know, I've been worried most of the year by "the elephant in the room" - the total lack of negative divergence in the long-range Canary oscillator (the 50CCI). We'll have a close look this weekend.

For the past few weeks, we've been looking at potential upside targets in various indices and I'm sure some of my Old Gods charts have shocked a few technical readers who don't really want to "believe" the position of the planets, translated to price, sets reliable targets.

click for larger image

And yet, here we go - again. 1468 was set as the target last week for any further rally and Pollyanna, the SP500, obliged with an overshoot to 1474 before settling into a Close of 1465.

I introduced you to one of my private ASX200 charts in the past couple of weeks.

And ...

click for larger image

So, both of these indices behaved in a normal way in terms of these planetary charts ... hitting, or slightly overshooting, the target level before backing away to finish the week slightly under the levels. We'll review the position of other indices in a little while.

But the theme of this week - in an attempt to answer the question - will be to look closely at the long-range Canary to see if that damn elephant is going to continue pooping all over my now very ragged looking Bear rug!

click for larger image

A few weeks ago, I showed this monthly chart of the 500, indicating the index seemed to be making what is called an Ending Diagonal pattern. A final overshoot outside the lines of the wedge is not unusual for an ED pattern.

The problem, as I still see it, is that there is NO negative divergence in the 50 CCI. I've marked the state of the oscillator at the 2007 topping process with a yellow oval. The Bear did not emerge until there was a clear divergence ... a lower peak in the Canary, while price made a new (and final) high.

Now, clearly there is no divergence current in the oscillator at this time. In fact, the higher peak in the blue line endorses the legitimacy of the rally, regardless of what we might think of Benzedrine and SuperMario stimulus.

And the Canary's sweet-singing approval is also obvious in Germany's DAX.

click for larger image

Again I point out the very obvious divergence displayed at the 2007 topping process ... a divergence that is very obviously NOT present at current price levels.

So, until the bird starts to sing off-key, we need to stay open to the idea that there are higher targets which will probably be hit.

click for larger image

The Neptune line Miss Polly hit last week is an important one ... especially since it was a lower version of this planet which put a stop to the drop in August/September/October of last year. You'll also note the months of stalling at the unbroken Neptune line at 1411. It's worth tracing both the 1411 and 1468 lines back to see their impact during the 2007 topping process in this index.

Still, the Pluto line at 1522, or the Node at 1578, may be the final targets for this Bull run - and we need to continue watching closely to see if divergence appears in the oscillator should the index hit either of those levels.

Now, remembering there is no divergence in the DAX long-range Uranus chart above, it would be unusual for that index to not hit its upside Weekly Planets targets. Not necessarily immediately, but certainly before we can be certain that "we're there yet".

click for larger image

Let's have a look now at London's FTSE. Showing the following chart last weekend, I said: "A long-range technical chart for the index shows price obeying the confines of a triangle, jumping from the uptrend line and stalling at the downtrend angle. As price gets forced into the business end, it will have to breakout, or break down. The reason I cannot rule out the former is the state of the long-range Canary, which is recording higher peaks even though price has not done so. There are a couple of horizontal technical levels which have "history" and are worth watching closely."

click for larger image

Again, there is a long build-up of divergence as the FTSE went into its 2007 peak ... and there is currently nothing but positive confirmation from the oscillator. In fact, we have the reverse position. The oscillator is indicating that price is dragging its heels and has higher to run.

I published a long-range planetary chart for the index last weekend and you can have a look in the Archives; below is the FTSE's Weekly Planets chart for the intermediate moves.

click for larger image

There is one FTSE chart which indicates a correction may be about to begin.

click for larger image

I mentioned the New Moon and the Venus trine Uranus aspect last weekend as Spooky Stuff positives. Friday's big gap-up took the index to a precise meeting with the Venus/Uranus price crossing point. It's difficult to know how much weight to give that since the aspect took place on Thursday, not on Friday.

If the index had closed above the exact price crossing point, higher prices immediately would be virtually assured. But failure to breach the level is a potential warning sign of lower prices just ahead.

Below is the Nifty 50's Weekly Planet charts with updated targets.

click for larger image

And, finally, we'll go to my home index, the ASX200. If you want to go back to the private chart I showed earlier, you'll see I've added the next level of upside targets. I explained the basis for this chart over the past couple of weeks, so check the Archives. Auntie's Weekly Planets targets are listed below.

click for larger image

And since I've published long-range planetary targets for Pollyanna, the FTSE and the DAX over the past few weeks, here's the big picture possibilities for the 200, a Neptunian index.

The logical side of my brain thinks the 4770 target is impossible. The higher peak at lower price state of the Canary seems to think my brain doesn't actually have a logical side!

click for larger image

So, there you have it. Some indices have hit important planetary targets fairly precisely - and did it when the lunar phase and astro aspects were in a very, very good mood. The astrological weather now has storm warnings with Mercury (news) at odds with the huge negative potential of another exact Uranus/Pluto hit this coming week.

But, the Big Bird thinks that while Price may be getting damn close to its final peak in some indices for this Bull run, Time may not yet be ready to comply.

Safe trading - RA

Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, 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 article, 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 - 2011-2012

The New Moon in Virgo, 2012

Astrological Investing New Moon forecasts show general trends and financial outlook for the month

September brings us to the close of the summer season, yet the disruptive energies of the summer - the Uranus-Pluto square - still have people highly charged.

Neptune's entrance into in Pisces has come with promises of QE3 by the Fed, and Mario Draghi - head of the ECB - on a bond buying spree. Soaring markets are distracting attention away from the reality of slow economic growth and bad employment numbers. The planet Neptune is the planet of dreams, of unreality and misinformation. Neptune is "at home" in Pisces and offers promises of unlimited possibilities.

The New Moon in Virgo, September 15 - Chart from the point of view of Wall Street and the NYSE.

Total misdirection, or just a needed adjustment?

Mars is in a quincunx aspect to Jupiter in the first house. While I normally don't discuss inconjuncts, this aspect is the only exact aspect in the Virgo New Moon chart (aside from the new Moon conjunction), and it suggests a high rate of expended and misdirected energy.

Read this weekend's Eye of Ra Report - "Reviewing long-range Old Gods targets, Week beginning September 10, 2012  

An Astrological Trip Around the New Moon in Virgo Chart

The New Moon and Mercury in the fifth house - Schools, education, and teachers are the main interest in the media. Stocks represented in these areas - which are additionally supported with Jupiter in Gemini - benefit with Mercury and the New Moon in the fifth. Stocks in the entertainment sector may get a jump as well.

Saturn in the sixth house - The health of the economy is of grave concern. High unemployment numbers and discontent among workers persist.

Mars in Scorpio in the 6th house - Possible threats of strikes in the workplace with much discontent among union workers. Danger of fires in the military.

Pluto in the eighth house square Uranus in the eleventh house - An urgent call for government reform in taxes and banking provokes a much greater response than expected in the market. Difficulty with legislative reforms.

Prices for gold, oil, copper and other metals jump as mining stocks and metals lead the way.

Note - As I have stated before, Pluto square Uranus has been the astrological theme of the summer. This aspect has heated things up politically resulting in ruthless, negative campaigns between the two parties in the US.

Economically, the Uranus and Pluto aspect has been push pulling the markets.

Neptune in the tenth house, and Jupiter in the first house - In Mundane Astrology the first, fourth, seventh and tenth houses are most important, with the tenth house having a special reference to the ruler of the country, the government in power, and the national honor and reputation of the country; the first house represents the minds of the people.

Neptune in the tenth house - Neptune here suggests the position of the government in power is uncertain.

Jupiter in the first house - Normally, without any adverse aspects, Jupiter in the first suggests prosperity. People are contented and trade is good - however with an inconjunct aspect to Mars in Scorpio, people feel something is not right. There is a higher than usual amount of energy expended and aggressive talk.

Venus in the third house - Stocks ruled by Gemini continue to outperform the market. Gemini sectors include Advertising, Media (including social media), Telecommunication, Transportation (airline, railroad, truck & auto), Education, Leisure, Travel, Retail-Internet, Technology and Information Services.

***
 Read the newsletter in full - click here - Commentary - Understanding the potential of planetary cycles and what the technical charts tell us is our best bet for successful trading. We need to see the whole picture! I have been reminding readers at the end of each New Moon interpretation that astrologicalinvesting.com strives to teach financial astrology as a timing tool to use. Although the mundane reading I give each New Moon gives us a broad picture of the astrological landscape we expect to encounter during the month, I encourage all of you to look at the weekly technical charts that Randall Ashbourne posts on his web site, www.theidiotandthemoon.com

Reviewing long-range Old Gods targets

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 September, 10 2012

We will spend some time this weekend reviewing the long-range planetary targets for a number of major world stock indices.

Most markets popped dramatically last week after the stimulus shot from Super Mario, and Wall Street interpreted bad jobs numbers as boosting the chances of another dose of Ben-zedrine.

But the Draghi impact was patchy; some markets popped to new Highs while others continue to drag their heels.

Since the peak of the jump coincided with a Sun square Jupiter aspect, there's a chance things will stall and fall from this point - especially with some indices hitting the recent targets outlined in Weekly Planets charts over the past few weeks.

However, with a New Moon on the schedule for the coming week, as well as the potential positive of a Venus trine Uranus aspect affecting the near-term outlook, there is no guarantee the "good times" won't continue to roll.

American markets, particularly, seem to be following the usual pattern for Presidential election years, which would mean any significant drop in stock prices won't occur until after voting - and probably not until next year.

That's why we'll take a look at the long-range Old Gods charts, since they specify the probable targets without our needing to worry too much about the news.

Last weekend, I published both the Weekly Planets and Long Range Planets charts for Pollyanna, the SP500, along with a weekly Bi-BB chart showing the upper boundary for the week at 1438.79.

Polly's Weekly Planets chart also had 1439 marked as at least an interim target, should there be a breakout from the stalling level around 1410. The index hit a multi-year High of 1437.92 on Friday, only a whisker off the WP and Bi-BB targets.

Now, just in case this rally is to continue towards the November elections, I have updated the higher price targets on the 500's long-range chart.

click to view larger image

The two previous all-time Highs in this index were capped by contact with a Pluto line, currently priced at 1518. An overshoot of that could take Miss Polly all the way to 1578.

Either target would present a multi-decade triple-top formation and the downside becomes disastrous - especially if all the trillion-dollar bail-outs do is prop up bad bank behaviour and Wall Street, while ignoring the real economy of what the Americans call "Main Street".

So, with the SP500, price has reached an intermediate level important on the Weekly Planets charts and has 3 obvious planetary targets above that level.

Not so with Germany's DAX. I published this chart recently to show the long-range impact of Uranus price lines and suggested the index was aiming for another hit of that price zone ... accomplished last week when the market liked what Mario offered, even if the Bundesbank didn't.

click to view larger image

Germany's Constitutional Court is a potential fly in the ECB ointment this coming week when it's due to rule on the validity of bailing out the Med countries with German savings. Regardless of that, the Dax Weekly Planets chart indicates a potential target in the 7490s, if there's a breakout above the long-range Uranus lines, the first of which has now been overcome.

click to view larger image

For quite some time now we've been using rising and falling Sun lines on London's FTSE index to get a read on what would happen with markets generally. I'll skip those charts this weekend and concentrate on the long-range position of most indices. However, you might recall that last weekend, I indicated it would take some bad news to keep the FTSE under the influence of the falling Sun-Mercury lines.

click to view larger image

As with the other indices, the Mario bounce was strong after the FTSE made a false break of the Saturn level shown last week as 5664. It's worth making a mental note that the FTSE did NOT break above the earlier highs, unlike the 500 and the DAX. That puts into question whether the FTSE has enough oomph behind it to reach the next target levels.

Those levels are around 6000 - and there is no difference between the FTSE Weekly Planets and its long-range chart.

click to view larger image

I cannot, however, rule out the chance the FTSE will pop.

click to view larger image

A long-range technical chart for the index shows price obeying the confines of a triangle, jumping from the uptrend line and stalling at the downtrend angle. As price gets forced into the business end, it will have to breakout, or break down. The reason I cannot rule out the former is the state of the long-range Canary, which is recording higher peaks even though price has not done so. There are a couple of horizontal technical levels which have "history" and are worth watching closely.

Let's turn now to India's Nifty 50 and update the targets for its Weekly Planets chart.

click to view larger image

And, finally, we'll take a close look at my home index, the ASX200. Last weekend, I introduced one of my private charts, saying:

"As y'can see, the index has a track record of stopping-and-turning, or at least stalling, when it runs into this particular set of planetary lines. For the week ahead, we can see there'll be a triple effect in play around 4400 on the topside ... and probably not a lot further to drop before Support comes into play."

So, how did it go?

click to view larger image

Far from shabby, as it turns out. The "probably not a lot further to drop" price markers were at 4277 and 4262 and Auntie put in a Low of 4161.20 ... less than a dollar off the target, before bouncing strongly.

The chart is helpful for setting Entry and Exit points for moves when the index is trapped within a Weekly Planets range, as shown in the chart below.

click to view larger image

Now, while these Old Gods charts form the basis of one of the main chapters of The Idiot and The Moon, I'd remind you they're not the only show in town and Fibonacci Retracement and Extension levels are a perfectly workable alternative method, particularly for newbies and the budget conscious.

If you need good stock software - dirt cheap - you'll find a link to Incredible Charts under the Software button in the main navigation menu. The free version will do the job very well and can be easily configured to do most of the tasks outlined in The Technical Section.

We'll use the next two charts as working examples.

click to view larger image

Now the methodology is the same, regardless of the timeframe of the chart. We'll look firstly at the long-range and it's clear two sets of Fibo Rx levels are important - the red retracement of the Bull market from 2002-2007 and blue retracement of the 2007-2009 Bear.

We can see the next upside target in the blue range is in the mid 4500s, which coincides pretty closely with one of the intermediate-range targets on Auntie's Weekly Planets chart. Beyond that, 50% of the red range comes into play at 4772. I've mentioned before that this index has been playing to 50% Fibonacci Rx levels on a regular basis.

And that tendency is the core of Auntie's current problem.

click to view larger image

In the chart above, the blue levels are the range from the lower double top down into last year's August plunge. There have been three attempts by the index to break that 50% barrier and each one has failed quickly. So far. Nonetheless, we again get targets in the 4500s, if Auntie can finally break north above 4371.

We've been keeping an eye on the upside breakout levels for a few weeks now, even though it seemed madness to push prices back into the irrational exuberance zone with so many economies faltering badly. I've attempted this weekend to show the maximum probable reach. It's a madness which could extend to the American elections, especially if the big boys have made the decision they want Obama back, rather than Romney/Ryan and the Tea Party people.

Safe trading - RA

Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, 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 article, 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 - 2011-2012