The Sagittarian Moon produced a brief spike in optimism last week, but north American markets couldn't hold the gains.
We now have significant divergence building across world indices, with important markets in Europe and Asia topping their September/October peaks.
Wall Street remains captive to the "fiscal cliff" scenario, with big tax increases and spending cuts set to come into effect from the New Year unless a compromise deal is done ... and fast.
Pundits are betting there's only a 25% chance the deal will get done in time, but are still pinning hopes there'll be retrospective legislation in January. Since some of the tax increases affect capital gains, there's a danger of a panic-selling event as traders and investors scramble to unload gains to minimise the tax impact.
There are a couple of major astrological events this week ... Venus trines Uranus and the Sun makes its transition into Capricorn.
I mentioned a few weeks ago that a trine should not be read as either benign or difficult, but that it does imply "the rapid removal of obstacles". So, there is a chance we could see a sudden breakthrough in the talks between President Obama and House Speaker Boehner this week.
In any case, Venus trine Uranus is one of those major aspects with a habit of moving markets; which is understandable since Venus rules money and Uranus has rulership of stock markets.
It is, however, an aspect somewhat more inclined to producing a downturn in prices, rather than a near-term bottom.
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Above is a weekly chart of the SP500 with past instances of the aspect marked with red bars. The last three all produced slumps which lasted for several weeks.
Markets in Europe and Asia are putting in new Highs above the September/October peaks - including the FTSE, the DAX, the Nifty, the STI, Hang Seng, ASX and Japan.
The coming week may well decide if north America joins them - or provides the catalyst for a worldwide decline. We got the normal Sagittarian effect on Tuesday and Wednesday last week, producing a short-lived spike in indices like Pollyanna, the SP500.
Unlike the other markets mentioned, Wall Street and the Nasdaq couldn't hold the new ground - still well below the level of the 3Q peaks.
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Miss Polly pushed up into the twin Saturn zone a few dollars either side of 1440, but dropped back to finish the week still playing around the 1410ish zone marked on her long-range planetary charts. Above is the 500's Weekly Planets chart and the importance of that primary Neptune around 1410 is obvious.
Other indices are still playing within the bounds of the December range charts I published for a broad group of indices in the December 3 edition, available in the Archives.
Forecast 2013
There will be no update next weekend. I'll take this opportunity to thank you all for your interest during the year and wish each of you a happy holiday season.
I'm still researching material for next year's Forecast - but it will contain in-depth chapters on a couple of areas which will be of major interest to some traders.
One of those chapters will be on gold and I'll reveal, I think for the first time anywhere, precisely which planetary price lines set the long and medium term range targets for the price of gold.
I'll also be taking another look at The Moods of The Moon ... specifically which of the world's major stock indices produce the highest profits by trading the monthly lunar cycle. And that's going to be a real surprise!
In the meantime ...
Safe trading - RA
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
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