Reviewing the correction & Asian indices

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 2, 2013

Big Bird - the 50CCI oscillator - remains distinctly unhappy.

And now we enter September which has been, on average, the worst month for Wall Street since the 1950s.

In a few moments we'll look at a couple of options for where we probably are within the correction. At this stage, I'm still assuming that it is a major correction and not the first leg down of a new Bear.

Before we get to the charts, though, let me outline the astrological weather for the month ... and the most likely dates for trend changes.

The most critical dates for the month I expect to be September 6 and 20.  In Forecast 2013, I said this about the month:

"September has the potential to bring relief from the volatility, though it probably won’t occur until the second half of the month.

While August looks to be a high-stress month, the September transits hold more promise, beginning with the Venus trine to Neptune as the month hits the halfway point.

Both Mars trine Uranus and Venus conjunct Saturn have a spotty record for turning markets during sustained trends, but can produce significant highs or lows during those periods the oscillators have moved into overbought or oversold readings.

The Venus trine to Jupiter has a more reliable record and tends to produce more highs than lows. It will be important here to watch the strength and direction of any market moves leading into the date, since the aspect can mark a turning point."

Well, August has been a high-stress month ... for most markets. The most important aspects for September involve Venus and Mars aspecting Jupiter, Saturn and Uranus.

Sep 01     SUN trine Pluto
Sep 05     New Moon
Sep 09     MARS square SATURN
Sep 14     Venus trine Neptune
Sep 15     Mercury square Pluto, MARS trine URANUS
Sep 16     Mercury trine Uranus
Sep 19     Full Moon, VENUS conjunct SATURN
Sep 20     Mercury square Jupiter, Pluto Direct
Sep 27     Venus trine Jupiter


I indicated last weekend I thought the Wall Street indices had entered what I stressed was a temporary bounceback mode. And it was very temporary, which suggests a stronger bounce might now have started.

I really don't want to delve too deeply into Elliott Wave analysis. But the basics are that corrections tend to trace 3 distinct waves, referred to as an ABC ... where A is down, B is up and C is a downwave which completes the pullback. The difficulty in real time analysis is that each of these waves can break down into their own abc patterns - and since an A wave can be made up of 3 or 5 waves, it's often hard to know exactly where it has finished.

So, we'll take a look at the two most probable options.

In our first chart this weekend, we'll assume that the A wave down did not complete until last Wednesday - making it a 5-wave A, rather than a 3-wave affair which finished on Wednesday of the previous week.

In the next chart, we will look at the alternative scenario ... that the A wave down finished on August 21, that there was a B bounce into last Monday's high, and that the index has been in a C wave down since that high.

If this is the case, there are some loose rules which provide a guide. The minimum "normal" distance for a C wave is a Fibonacci 618 extension of the A wave. More normal still is that C will equal A - giving a target around 1600 for the end of the correction.

There are occasions where C runs longer and/or deeper than the A wave - which gives two targets in the upper 1500s.

We will know the second scenario is in play if there is a close this week below last Wednesday's low.

There are, unfortunately, other scenarios, too. And that's the problem with Elliott Wave analysis in real time, rather than in retrospect.

With hindsight, it's the perfect theory. In practise, it can be extremely difficult at particular times.

Overall, I have little doubt the correction is not finished. Last weekend, I showed the Dow Jones Industrials to illustrate why; this weekend, we get the same sort of reading from the 500's weekly channel chart.

Big Bird - the 50CCI oscillator - remains distinctly unhappy. As with the Dow, the 500's oscillator is making a deeper plunge than it did during the June correction, indicating the potential for this downturn to go at least as deeply as it did in June.

Now, that's "potential", not a guarantee. As I said last weekend, let's not get married to the idea, but continue to watch the charts for clues ... and especially the direction of the index going into the dates marked with a yellow highlight on the list above.

Having largely neglected the rest of the world for the past couple of weeks, it's time to restore some international balance.

AUSTRALIA:

Company reporting season has been a relatively benign time for the ASX200. Apart from some individual stock performances, the market isn't stretching itself in rally mode - but nor has it been battered by big declines.

The index continues to move between two important Weekly Planet levels ... major Saturn acting as a downside floor and a lesser Neptune/Saturn zone providing an upside cap to the range. Big Bird is not at all happy and unless the index can breakout above the Neptune/Saturn "ceiling", the danger of an extremely negative Head&Shoulders pattern remains.

However, "predicting" the immediate future of the ASX is made more difficult by the imminent Federal election. To some extent, the index is already pricing in a conservative victory. That doesn't necessarily mean it'll be a case of "buy the rumour, sell the news", though an upset win by the incumbents would probably cause turmoil.

INDIA:

While many of the Western indices have been holding up reasonably well, several of the Asian markets have been taking a Bear-like hammering - including India's Nifty and Sensex indices.

Long tails on the last two weekly bars indicates buyer support is re-emerging at the 5280s Uranus and 5100s Neptune levels on the Nifty's Weekly Planets chart. It's probably an example of the potential facing indices like the ASX200, if it doesn't overcome the Head&Shoulders pattern very quickly.

INDONESIA:

Jakarta may also have hit bounce levels. The oscillator has plunged very deeply, indicating more trouble ahead.

MALAYSIA:

At this stage, Kuala Lumpur is not in the same state as some other parts of the region. The index gapped to new highs earlier in the year when the ruling party beat off a very strong challenge from opposition groups in the national elections.

The price action over the past couple of weeks has simply closed the gap and there are no clearcut alarm bells from the oscillator to suggest Malaysia is in Bear mode.

SINGAPORE:

The Straits Times Index has probably seen the worst of its drop. This is an example of the ABC style of correction I was talking about earlier ... the A wave plunge, the B bounce, and the index now getting close to completing what should be the C wave.

So far, the C wave has stalled at the level where it is 61.8% of the length of the A wave drop. It may be over, but probably not.

HONG KONG:

The Hang Seng seems to be in a stronger position in the near-term. However, for the moment we still have lower Highs and deeper Lows - so an abundance of caution remains necessary. You can see the decline from the February peak into the June lows appears to be an ABC 3 wave pattern.

But. Arghhhh! There is the possibility that it's not a complete ABC correction, but merely an abc correction which completes a 3-wave A ... and the index is topping out its B bounce.

Yes, yes, yes! It IS confusing ... and complicated ... and fraught with difficulty. This is why you and I don't talk about Elliott Waves very often!

And why I introduced the three-timeframe Idiot system so that we don't have to drive ourselves nuts with this stuff!

Next weekend, I'll try to look at the European indices again and bring those charts up-to-date for you.

Until then ...
Safe trading - RA

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.
Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2013 , 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 - 2011-2013


The Idiot and the Moon, Forecast 2013  Sale price 1/2 off!

• Major trend change dates for the full year, plus a month-by-month breakdown of high-energy trading dates and critical reversal dates.

• An index-by-index analysis of Moon Trading across major American, European, Asian and Australian stock indices-

• Identifies the major indices where following the phases of the Moon can dramatically cut profits, or even result in large losses.

• Old Gods & Gold ... a Eureka! discovery about exactly what drives gold prices during rallies and corrections and charts showing highly-reliable target levels to both the upside and downside.

These price charts are individually-tailored to each index and cover Wall Street, Australia, Canada, Hong Kong, Singapore, Shanghai, India, England, Germany and France.

You will not see these charts anywhere else on the Internet!

And much more...

It is NEVER too late in the year to have this monthly information!
Sale Price $10.00

September 2013 Astrological Calendar - Transits for NY NY, The NYSE

Astrological Calendar showing the day and times of planetary aspects for the NYSE, for the month of September, 2013.

Using locational transiting aspects is critical in market timing.

To have these calendars BEFORE they are posted each month, they are available to purchase.  They come complete as full 13-month calendars January 1, 2013 through January 31, 2014.

There are three separate 13-month calendars - with transit to transit aspects for the NYSE, FTSE, and ASX.

SALE! - These can be purchased individually for $4.00, or all three for $10.00

The calendars are perfect for viewing on an iPad or other electronic reader - and they can be printed.  Included are dates of Moon Phases, Planets Stationing (changing directions) and Eclipses, as well as a schedule of open hours and days for each market. 
Click here to purchase

September 2013 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 September, 2013.

Using locational transiting aspects is critical in market timing.

To have these calendars BEFORE they are posted each month, they are available to purchase.  They come complete as full 13-month calendars January 1, 2013 through January 31, 2014.

There are three separate 13-month calendars - with transit to transit aspects for the NYSE, FTSE, and ASX.

SALE! - These can be purchased individually for $4.00, or all three for $10.00

The calendars are perfect for viewing on an iPad or other electronic reader - and they can be printed.  Included are dates of Moon Phases, Planets Stationing (changing directions) and Eclipses, as well as a schedule of open hours and days for each market. 
Click here to purchase

September 2013 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 September, 2013.

Using locational transiting aspects is critical in market timing.

To have these calendars BEFORE they are posted each month, they are available to purchase.  They come complete as full 13-month calendars January 1, 2013 through January 31, 2014.

There are three separate 13-month calendars - with transit to transit aspects for the NYSE, FTSE, and ASX.

NOW ON SALE! - These can be purchased individually for $4.00, or all three for $10.00

The calendars are perfect for viewing on an iPad or other electronic reader - and they can be printed.  Included are dates of Moon Phases, Planets Stationing (changing directions) and Eclipses, as well as a schedule of open hours and days for each market. 
Click here to purchase

Looking at targets for the bounce

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 August 26, 2013

Mars in Leo.." because it's Fire, is more obviously aggressive,
in the very broad sense of the word"

Wall Street is in what is probably temporary bounceback mode after dropping into last week's Jupiter-Uranus square.

The volatile moves are likely to continue this week since Venus is now in her second home sign, Libra, and is squaring Jupiter and Pluto while opposing Uranus.

In other words, it's another Grand Square. The two astrological benefics should be especially benign ... because Jupie is exalted in Cancer and Venus is partial to fairness and balance in Libra.

Unfortunately, that's not the only Spooky Stuff happening. Mars is shifting into Leo. The impact of that move may be more obvious in world politics than in stock markets. And I need to digress for a moment ... simply because the former will affect the latter.

When most astrologers talk about Cancer, they reach for the cookbook and waffle about love of family and cooking. Which is okay. But, it's shallow.

What Cancer is really about is security; about cultural, ethnic and tribal roots; about security of the homeland, as much as protection of the home life. Leo symbolises a more outward-looking energy ... and because it's Fire, rather than Water, it's also more obviously aggressive, in the very broad sense of the word.

Leo loves to be adored. Eh! Don't we all. Leo needs to be adored. As one of my Texas Republican friends moans every so often: "Obama is such a Leo!" I think it's intended as an insult!

However, it does serve as a good example of the Leo principles. Needing to be adored, the "good side" of Leo energy will strive to make itself worthy of adulation. It recognises that to be worshipped as a god, one should actually strive to behave like a god. So, on the good side of the ledger, Leo will not only put on a glorious show, it'll put on the best show you've ever seen and leave you so entranced that you keep coming back for more.

Of course, there's always the "other side" of the ledger ... the one where the Leo energy demands to be worshipped, but does nothing to actually make itself worthy of the adulation. Think of the "Sun Kings" of the former French aristocracy. And think of Leo's opposite sign, Aquarius ... the radical revolutionaries who don't know when to stop.

And so we come back to the Martian sign shift ... and to Egypt, Syria, Greece, Spain. And I remind you, once again, of the overall meaning of the Uranus-Pluto square which remains in effect for the next couple of years and now has the king of the Old Gods, Jupiter, making a Cardinal T-square. Uranus in Aries is radical change challenging plutocratic rulership and support of the status quo, represented by Pluto in Capricorn ... with both of those now being aspected by Jupiter in Cancer - exaggerated defence of homeland security.

The symbolism is everywhere in some nuance or another. Potential problems now arise with the Mars move into Leo. Since one of the symbols of Mars is military aggression ... and Leo is a Fire sign ... we can expect to see many of these political situations literally fired-up again.

So, while the primary shift in energy may be more obvious in world politics, the fallout is likely to be felt in stock markets.

Okay, that's enough of the Spooky background; let's get down to some details in the stuff we're interested in. As I said back in late July, we're probably in a major correction mode. That's very obvious on Asian markets. Some of the European indices have been hitting new peaks.

We'll concentrate on Wall Street again this weekend, however.

The indices declined into the exact timeframe of the Jupiter-Uranus square last week. In last weekend's edition, I published the following chart, with two price-crossing levels to be watched closely midweek.

Pollyanna, the SP500 index, didn't hit the exact price level during NYSE trading hours. Annoyingly, it did do so out-of-hours ... within $3 for the index futures and virtually exactly with the 1631.50 overnight low for the ES-Mini.

Why the bounce occurred where it did is more obvious from another chart. In The Technical Section of The Idiot & The Moon, I outline the importance of learning how to draw important trend lines, and of taking parallels from the initial line to create high-probability charts for future moves.

Below is Pollyanna's New Moon/Full Moon chart, with thick red bars for the day of the NM and thick blue bars for the dates of the FM. It uses parallel blue trendlines to show the channel the 500 has been rising in since the major rally got underway late last year.

Two things about this chart. The first is that I applied the lesson from The Technical Section ... taking a red parallel of the blue channel lines and anchoring it at the June low. It worked. Perfectly.

The second thing I noticed was that 3 of the previous correction lows came in exactly one day past the Full Moon. And we had a repeat performance there, too. The combination proved strong enough to launch what I believe is a temporary bounceback within a larger-scale correction.

We'll take a closer look at target levels for the bounceback in a moment. Why I believe it's temporary is that the Dow Jones Industrials continues to display a very weak technical condition. While the Dow's price managed to climb back to close the week on its trendline, the health of the Big Bird oscillator continued to deteriorate ... strongly suggesting that this is a major correction which has longer and deeper to run before it's over.

Next we look at an update of another chart from last weekend - Miss Polly's weekly Bi-BB. We've had a bounce from the mid-level, making the first level of the upper tier a reasonable target.

That target level in the early 1680s also comes out a couple of other ways. Firstly, there's an obvious gap at 1684.83. Secondly, there's a routine Fibonacci Retracement level close to that price.

Working in its favour are two other conditions. We are entering the monthly changeover period where markets have a general tendency to be positive - most of the time; and we are in the FM-NM phase which is statistically positive - most of the time.

If I'm correct about what's happening within the bigger picture, the correction will resume once the bounce is finished. We still can't be sure whether it's going to eat Price or Time ... though the technical condition of the Dow certainly suggests the June lows are going to be taken out before this downswing is finished.

But let's not get married to that idea; but rather, continue to watch the charts for clues. If it is going to be a hard-and-fast downswing, the bounce won't last long and won't reach very high. And the ultimate low could be as low as 1520 for Pollyanna. The alternative is that it could eat a lot of Time, without eating very much more in Price.

I'll try, next weekend, to get back to looking at a broader range of indices, especially with the weakness showing up across Asia and particularly India, Indonesia and Malaysia.

However, since it's my home market I will include the ASX200 Weekly Planets chart before I go. But, I also want to say this ... the disclaimer at the end of these reports is not just a lame method of avoiding responsibility. These Eye of Ra reports are actually intended to be educational, rather than advice.

There's nothing in them that isn't explained in The Idiot & The Moon so that you can learn to do it all for yourself. It's pointless adopting me as your "guru", simply to replace someone else. It's your financial future you should be working to protect and that means you should actually be working at it.

It's not particularly hard or strenuous work, folks. There are a few techniques that are relatively simple and easy to learn and which, when properly applied, will help you to make profits most of the time. These weekend editions are nothing more than lessons in how-to apply the lessons from the book in real time, to whatever you're trading.

Since I have an unaspected 5th House Sagittarian Sun, I'd have to confess I'm not exactly averse to putting on a bit of a show; the 5th is the Leo house, after all! But it is a Sagittarian Sun, not a Leo ... I don't want to be your guru; I just want to broaden your horizons so you can become your own.

Here's Auntie's WP:

Safe trading - RA

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.
Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2013 , 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 - 2011-2013

The Idiot and the Moon, Forecast 2013  Sale price 1/2 off!

• Major trend change dates for the full year, plus a month-by-month breakdown of high-energy trading dates and critical reversal dates.

• An index-by-index analysis of Moon Trading across major American, European, Asian and Australian stock indices-

• Identifies the major indices where following the phases of the Moon can dramatically cut profits, or even result in large losses.

• Old Gods & Gold ... a Eureka! discovery about exactly what drives gold prices during rallies and corrections and charts showing highly-reliable target levels to both the upside and downside.

These price charts are individually-tailored to each index and cover Wall Street, Australia, Canada, Hong Kong, Singapore, Shanghai, India, England, Germany and France.

You will not see these charts anywhere else on the Internet!

And much more...

It is NEVER too late in the year to have this monthly information!
Sale Price $10.00

Price targets for the correction

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 August 19, 2013

Venus adds weight to the Uranus/Pluto square

The correction I've been warning about finally started to bite deeply last week ... at least on Wall Street.

I indicated last weekend it was becoming difficult to generalise about stock indices because not all markets were moving in the same direction.

The variations continued throughout last week. However, the main show remains Wall Street and that's what we'll be concentrating on this weekend.

The coming week brings an exact hit of Jupiter square Uranus, an aspect which packs enough punch to either turn the markets ... or accelerate the downswing. We'll take a look at the relevant price levels as we go deeper into the charts.

The Sun is nearing the end of its journey through Leo and will enter Virgo. Leo is a "good mood" sign. It likes a show and has rulership over gambling. Virgo is much more picky and critical. Pull the wool over Leo's eyes and all it sees is the fabled golden fleece.

Try pulling the wool over Virgo's eyes and you'll get a sharp slap in the face, along with a nagging lecture about how dirty and unhygenic it is to be playing with that daggy, disgusting piece of animal skin.

And Venus will soon add her weight to the long-running Uranus/Pluto square.

We'll begin this weekend with an update of a chart I used in the July 29 edition - Imminent danger of another fast drop. I indicated then that I thought there was very little upside left in the rally and the potential for some rather severe downside.

At the time I thought the maximum likely reach for the rally was only 1.6% higher at the 1719 Pluto barrier. Pollyanna, the SP500, couldn't quite get there ... and finished last week below the first downside target I marked in the July 29 edition.

For the moment, we cannot be certain whether this correction is going to eat Price or Time. In other words, it could go on for weeks, but not lose a lot of value ... or it could be a fast, deep plunge.

The state of the Dow Jones Industrials tends to favour the second scenario. Below is the DJI Weekly. The negative divergence between the higher Price peaks and the lower Big Bird peaks became very strident.

And there is no sign yet that it's lessening. Notice how the oscillator has now gone below the trough it recorded at the price low in late June?  It's a preliminary warning the chances are high that Price, too, will plunge lower than it did in June.

So, let's take a three-timeframe look at the 500 to try to get some sense of just how low this might go. We'll use the same mechanism across the monthly, weekly and daily trimeframes - the Bi-BB charts with a fast MACD.

For 9 months Pollyanna has been pushing the outer limits of the upside Bollinger Band, with only partial support from the MACD signal lines and at least some disagreement from the peaks in the MACD histogram.

Three previous corrections have declined all the way to the middle of the BBs. That seems a layer too far this time around. But the middle band of the upper tier, currently at 1583, is also close to the 1578 level listed as a target on the first chart.

The weekly Bi-BB chart is next. The top band has started to roll over, underpinning the potential for a significant correction. All corrections since this upleg began in 2011 have broken down through the middle of the bands, which tends to suggest a drop to at least 1590; pretty much in the same league as the 1583/1578 targets from the earlier charts.

And the daily Bi-BB is below. It suggests a bounceback, or at least a sideways consolidation, is very nearby. The reason why that is so is outlined in The Technical Section of  The Idiot & The Moon; a break of the outer bands almost always stalls the move, regardless of whether it's a topside or downside break. The stall need only be temporary.

Now let's look at what could turn it - or accelerate the downswing. The main astrological show this week is Jupiter squaring Uranus. I've been through this a few times in recent weeks and you might want to visit the Archives for a refresher.

The chart below deals only with the current Jupiter/Uranus/Pluto price levels in terms of the "price crossings" currently in range. To be assured of a strong bounce, we would need to see Pollyanna's price hit 1631-1632 fairly exactly on Wednesday/Thursday of this week ... and close higher than that price!

If the price closes below 1607.80 at that time, the downtrend is likely to plunge even deeper.

That's all for this weekend, folks. The Weekly Planets and long-range charts for various indices I've published recently contain valid price targets for other indices and you can check the Archives for those.

For the moment, the primary action is on Wall Street and what happens there is likely to have considerable impact on virtually all other markets.

Safe trading - RA

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.
Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2013 , 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 - 2011-2013

The Idiot and the Moon, Forecast 2013  Sale price 1/2 off!

• Major trend change dates for the full year, plus a month-by-month breakdown of high-energy trading dates and critical reversal dates.

• An index-by-index analysis of Moon Trading across major American, European, Asian and Australian stock indices-

• Identifies the major indices where following the phases of the Moon can dramatically cut profits, or even result in large losses.

• Old Gods & Gold ... a Eureka! discovery about exactly what drives gold prices during rallies and corrections and charts showing highly-reliable target levels to both the upside and downside.

These price charts are individually-tailored to each index and cover Wall Street, Australia, Canada, Hong Kong, Singapore, Shanghai, India, England, Germany and France.

You will not see these charts anywhere else on the Internet!

And much more...

It is NEVER too late in the year to have this monthly information!
Sale Price $10.00

More target levels for various indices

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 August 11, 2013

Targets for Various Indices

While it is slow getting started, the odds still lean towards most major world indices now entering another significant correction. 

It is difficult to generalise because not all markets are moving in the same direction.

In Europe, for example, England and Germany have failed to take out their May highs, but France and Holland have exceeded those levels with some technical indications they can go still higher.

In the broader Asian region, New Zealand, Malaysia and Indonesia are still close to all-time highs, while India, Singapore and Hong Kong are struggling to recapture peaks from earlier in the year.

We will review some further long-range and intermediate charts for a range of indices this weekend - including the SP500, the FTSE, the DAX, France and the Netherlands, India, Singapore, Hong Kong and Australia. I'll add some others in the next few weeks.

Astrologically, we're within the period I went into some detail about last weekend - where Jupiter is starting a series of oppositions to Pluto and squares to Uranus; two signatures associated with long-range peaks in the Wall Street indices.

We'll begin this weekend with the long-range planetary price chart for Pollyanna, the SP500. I've been warning for the past few weekends that technical conditions on the daily and weekly charts were deteriorating badly and in the July 29 edition I published a chart showing there was probably very little upside left for the bounceback which began in June.

At least so far, Pollyanna has been unable to reach that target - around the 1720 level.

We can't be absolutely certain that a major correction is now underway. But the odds are likely that is the case.

While American markets have taken out the May high, the FTSE has spent the past few weeks trapped between two major planetary price lines at a lower level - and the oscillator continues to be very unhappy.

The same is largely true for Germany's DAX index (below).

The French CAC40, however, is attempting to break out higher - with no disagreement at all from the long-range oscillator.

Holland's AEX is receiving even stronger signals from the oscillator.

Mumbai's Nifty, however, shows signs of continuing weakness. It has retested a Uranus level in the 5520s, but one doubts it can hold ... largely because the Big Bird oscillator has plunged to new depths, even though price is at about the same level.

Singapore is now in its 6th week of pushing against an overhead Saturn level well below its May peak.

Hong Kong is having similar problems; worse to some extent because the Hang Seng peaked early in the year and is starting to make lower highs and deeper lows.

Australia, too, may be in deep trouble. It is trying desperately to hold an important Saturn level now around 5040 on the ASX Weekly Planets chart but is in dire danger of setting up a very negative Head & Shoulders pattern.

As I indicated at the beginning, it's now getting very difficult to "generalise" because of the growing disconnect between major markets.

In a healthy environment, there is a tendency for everyone to move in the same direction. There are always some exceptions, of course, because of local or regional factors which tend to be relatively short-lived. That's not really what we have here, even allowing for some regional differences and changes in currency rates.

In any case, I hope these intermediate and long-range charts help you determine probable targets - both for what I think is probably another downswing correction and, also, for potential tops to the Bull market in any bounceback out of the correction.

Safe trading - RA

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.
Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2013 , 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 - 2011-2013

The Idiot and the Moon, Forecast 2013  Sale price 1/2 off!

• Major trend change dates for the full year, plus a month-by-month breakdown of high-energy trading dates and critical reversal dates.

• An index-by-index analysis of Moon Trading across major American, European, Asian and Australian stock indices-

• Identifies the major indices where following the phases of the Moon can dramatically cut profits, or even result in large losses.

• Old Gods & Gold ... a Eureka! discovery about exactly what drives gold prices during rallies and corrections and charts showing highly-reliable target levels to both the upside and downside.

These price charts are individually-tailored to each index and cover Wall Street, Australia, Canada, Hong Kong, Singapore, Shanghai, India, England, Germany and France.

You will not see these charts anywhere else on the Internet!

And much more...

It is NEVER too late in the year to have this monthly information!
Sale Price $10.00

An Astrological Trip Around the New Moon in Leo

Astrological Investing New Moon forecasts show general trends and financial outlook for the month. The New Moon in Leo, 2013  - Chart from the point of view of Wall Street and the NYSE.

New Moon in Leo, August 6
Chart from the point of view of Wall Street and the NYSE

August -  While I've been spending my Summer traveling going to places where I can get out of the heat,  August finds most of us looking forward to cooler weather, the Fall season, and children going back to school.

To keep current with planetary aspects that affect the market AND what is going on technically, always read the weekly Eye of Ra Report by Randall Ashbourne (also posted on the Astrological Investing Blog) each weekend.

Saturn rules the Leo New Moon chart - And this is a fortunate situation for the market!?!?
In the midst of a season influenced by Uranus square Pluto, the market continues an upward rally.

An Astrological Trip Around the New Moon in Leo Chart

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. Since I read the chart for the location of the NYSE, and not Washington D.C., my interpretations take on a less political, and more economical, viewpoint.

The Leo New Moon chart has seven planets in these important houses, first, fourth, seventh and tenth.

Pluto is in a powerful position in the first house conjoining the Capricorn Ascendant, and Saturn, ruler of Capricorn, is in Scorpio in the tenth house. Saturn in Scorpio, is in mutual reception with Pluto in Capricorn. 
I've discussed mutual reception before, so I'll briefly explain... each planet gives the other planet the position of being a guest of honor in each others sign and house - and therefore very strong - regardless of the sign and house they are transiting.  However, because Pluto and Saturn are "VIP Guests" in each others signs,  they don't quite act as if "at home", rather, as any honored guest should act, they act with positive expression of their pure energy.  However, please keep in mind that both these planets - even when acting on their best behavior - express difficult energy!

In mundane astrology, the first house represents the common people and the general state of affairs.  In reading this chart for the NYSE,  Pluto in the first represents the power of shareholders and the general state of affairs in the market.

So, imagine what Pluto-in-Capricorn-Shareholders want?  Strong corporate management that encourages company growth and generate even more profit!  They want stock price shares on the open market to increase.

Activities that reveal secret or hidden information, and activities that bring about transformation, are ruled by Pluto. Therefore, anything that undermines what Pluto wants is either destroyed or transformed.

Saturn, ruler of the New Moon chart, in mutual reception with Pluto, is in the tenth house, trine Neptune.  The tenth house represents the NYSE corporations and Chairmen of the Boards.

Saturn trine Neptune in the second house
Neptune's energy can be very idealistic - and unrealistic.  Earlier in July Ben Bernanke calmed and quieted anxieties about an early Fed roll back on stimulus, stating the the US needs a "highly accommodative monetary policy for the foreseeable future."  Saturn trine Neptune in the second house supports Ben's approach to improve economic conditions, and suggests that the easy-money policies will continue. Stocks, shares, and investments will benefit.  Hospitals, and healthcare institutions may gain through improved regulations or administration, as well as charitable institutions.

To read the interpretation of  all the planets, Click to read newsletter . 

When reading the newsletter on the web site, be sure to take note of the Moon Phases section and get the "Head's Up" - upcoming astrological events list.

Moon Phases
FORECAST 2013  - 1/2 price off!  - Includes an index-by-index analysis of Moon Trading across major American, European, Asian and Australian stock indices showing variations in the performance which can help traders time Entry and Exit levels for greatly enhanced profitability - the analysis also identifies those of the major indices where following the phases of the Moon can dramatically cut profits, or even result in large losses.

Read Randall Ashbourne's 2011 article, The Moods of the Moon - Trading the Mood Swings of the Monthly Lunar Cycle

Safe Trading! Marley

Revolution and turmoil ... arriving now

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 August 5, 2013

Implications of the Cardinal T-square

This week kicks off 9 months of turmoil likely to change the face of security, finance, debt and taxes across large parts of the world.

We'll spend most of this edition looking at the implications of a rare Cardinal T-square involving Jupiter, Uranus and Pluto.

I indicated last weekend stock markets were in imminent danger of another fast drop ... but that the "odds" suggested the bounceback had just a little more time to run.

The dangerous technical conditions I outlined last weekend have not improved ... and we are about to lose the positive tendency which normally occurs over the 6 days straddling the end of one month and the start of another, especially when a New Moon coincides with that timing.

If you missed last weekend's edition, click here. I don't have much to add to that this weekend and the price targets shown in that edition are still valid.

What I think is important this weekend is to look at the big picture and discuss the implications of the Cardinal T-square which is about to unfold.

We are now entering a timeframe where volatility is about to go through the roof. And not just in stock markets. 

At various times over the past couple of years, in these weekly reports and the annual forecasts, I have discussed the nature of the Uranus-Pluto square, an aspect which is repeating continually over a multi-year timeframe.

Basically, it is Uranus in Aries making a challenge to Pluto in Capricorn. In really basic terms, it is angry, aggressive demands for reform aimed at overturning the power of what we might generally describe as Plutocrats determined to preserve the status quo.

Plutocrats is a nice term. It basically means government by the wealthy. But it has many more nuances than that.

Let's do some basic astrological symbolism for those of you unfamiliar with just how deep and complex it is. Uranus exemplifies a rebellious energy. It is extraordinarily stubborn. It sometimes displays flashes of pure brilliance, but is, just as often, totally illogical and immune to rational discussion.

Uranus in Aries is an angry, aggressive, even armed rebel. Can we say ... Libya, Tunisia, Syria, Egypt?

Pluto is the Old God of the Underworld. In his domain, he is absolute ruler. Even the other Old Gods stayed well away from Hades. Pluto is also extraordinarily stubborn. He is a dictator without remorse and with a venomous nature.

Pluto in Capricorn is a dictator absolutely determined to keep hold of the reins of power, money, death and taxes and will use all the power at his disposal ... including the aptly-named Plutonium ... to maintain his privileged position.

So this is the general background of an important phase in world history. We see the themes playing out over-and-over.

The revolutions in the Arab world are at the extreme end. Uranus in Aries is quite literally armed revolt against grossly-rich dictatorships.

We have a couple of more polite manifestations in America ... the Tea Party fighting against the cosy deals of the political elite; Occupy Wall Street fighting against the power of the Wall Street "banksters".

Virtually every nation on the planet is openly embroiled in some form of this energy.

Well, we ain't seen nothing yet! But, we're about to!

Enter Jupiter, head honcho of the Old Gods. In astrological symbolism, Jupiter expands and exaggerates. And in a Cardinal T-square the energy explosion is NOT going to be pretty. It's going to be wild and totally over-the-top.

The aspect has three exact-hit timeframes over the next 9 months, starting in the middle of the coming week. Some parts of the world are, quite literally, going to explode.

And this in spite of the fact that Jupiter is exalted in the sign of Cancer and would, normally, be on his best behaviour. But there is another side to Cancer. It is a sign ruled by the Moon and is generally considered to be a bit "soft" and malleable.

Until it is put under pressure. Cancer is a water sign. On land, water naturally takes the path of least resistance ... it goes with the flow. You can pour water into a container of any shape and it will take the shape of the container.

But there is one thing you cannot do with water - compress it. Even with a little bit of pressure, such as a kitchen tap or a garden hose, water doesn't flow so much as it spurts. Increase the pressure even further, and fail to provide an outlet, and the water will break something to get itself free.

Now, imagine that symbolism massively exaggerated ... Jupiter in Cancer. In totally "normal" mode, the benign Head Honcho in the soft, gently-flowing energy of Cancer is a wonderful symbolism.

But, that is not the appropriate imagery. Because we have two extraordinarily stubborn pressure points ... one intent on violent overthrow and reform and the other a powerful cartel of poisonous Plutocrats determined to keep control at all costs.

It is war, at every level. It is the Self-absorbed "rebels" Bradley Manning and Edward Snowden exposing the dirty hidden secrets of government spy agencies. Nothing will convince Manning and Snowden they did the wrong thing. They ARE Uranus in Aries ... the New Age warriors acting on behalf of "the people" to expose the hidden and secretive manipulations of government (Pluto in Capricorn).

Nothing will convince the NSA and the power elite that Manning and Snowden aren't traitors.

It's a bit like the modern "catch-all" grounds for divorce ... irreconcilable differences. That's what we have everywhere, from Egypt and Syria to Spain and Italy, Greece, Mali, the USA. Even Australia. The manifestation of the energy varies from one region to another, from one type of regime to another, but the overall principle remains the same.

And, starting this week for the next 9 months, Jupiter is about to shine the world's biggest spotlight right at that energy. From a Cardinal water sign ... where any attempt to "keep a lid" on things is going to cause a massive rupture in the pipeline.

Do you feel better now, dear?

No? Oh, tsk*tsk. Well, at least you might be a little better prepared to accept some of the explosions that are coming.

Stock markets are not going to get through this period unscathed.

Jupiter squares to Uranus and oppositions to Pluto don't happen very often. And the market does have a tendency to react strongly. On the chart below, Jupiter-Uranus squares are thick red bars; Jupiter-Pluto oppositions are thick blue bars.

Yes. They do, indeed, dramatically raise the danger levels! Jupiter-Uranus squares were in operation at both previous Bull market tops.

And the last time Jupiter-Pluto oppositions were also involved, things got very, very nasty.

Personally, I think Timing is the most difficult part of stock trading to get exactly right - at least reliably and consistently. I much prefer to deal with Price targets, rather than Time targets.

I've been discussing this in general terms in the past couple of editions ... about how Price has to meet exactly with the Time of a major astrological aspect before we can be reasonably sure of a significant trend change.

And we've been discussing how the technical conditions are now starting to shape up - with the probability of another sharp drop in the very near future, but no clear sign yet that The Top is cemented in place.

If we were plunging into this sort of Jupiter/Uranus/Pluto energy, I'd be looking for signs of positive divergence in the oscillators, getting ready to Buy, Buy, Buy.

But, we're not. We're seeing strong potential for exactly the reverse ... high chances of a repeat of the 1999/2000 and 2007 Bull peaks.

Precisely when we hit this peak I cannot even pretend to predict with any degree of certainty at this stage. For the past few weeks, we've been looking at Price levels with a strong chance of marking The Top ... and we'll continue to look at those as conditions develop.

In the Eye of Ra edition for June 3, available in the Archives, I discussed the Bradley Model major trend change dates for this year ... and expressed the view I thought we were very unlikely to go into multi-month crash mode at the trend change date in mid-June.

I said: "Okay. So why am I at odds with the Bradley forecast and why am I not convinced that we have reached THE top of this Bull run?

Because it wouldn't be "normal". And it's true these markets aren't normal. They're hitting these levels because central banks like the US Federal Reserve have been printing money by the *ahem* helicopter load and dropping it into asset purchases to prop up stock markets.

Nevertheless, it is "normal" for markets to undergo a topping PROCESS. It takes Time. We now have what MIGHT be the first sign that The Top is in the process of being put in place."

I think it may be useful to look again at how the Bradley is performing so far. In the chart below, the blue line is the closing price graph of the SP500 and the green is a tweaked version of the Bradley Model trend change indicator. I stress once more that is is the DATES of the Bradley that are important, not the direction nor the amplitude of its swing. You can see that sometimes the blue and green lines peaked or bottomed very close to each other ... and at other times the Bradley made a peak while the index made a low. In other words it was close enough with the date, but it had the direction "wrong".

The next chart shows the normal version of the Bradley plotted against a weekly closing price graph of the 500. Again we see that sometimes the peaks and troughs coincided exactly and at other times the dates were close, but one was making a high while the other was making a low.

And there is our problem! The Bradley predicted a major trend change due for June 22, a Saturday. The 500 made a correction Low on June 24, the Monday trading day after the Bradley date.

The next major Bradley date doesn't arrive until October. Are we going down into it ... or up into it?!

Yes, it's incredibly bloody irritating, isn't it! If only the index had made a clear-cut High on that date.

But, as I said ... it's why I pay much more attention to Price, as determined by planetary lines or Fibonacci retracements and extensions, and to whether my oddly-coloured Canaries are all singing sweetly or twitching on the floor gasping for clean air.

You can see not one of the three Birds in the oscillator panel on the weekly above is happy with Pollyanna's reaching of new all-time Highs.

And you can see the monthly version of the Birds below. The short-range green and medium-range red Birds ARE getting unhappy, but the blue line, the Big Bird, is still in full songbird mode.

So, putting aside all the angst and analysis, I'm not yet hearing anything other than intermediate-range alarm bells. I think there is VERY strong likelihood of another multi-week correction VERY nearby. I am decidedly iffy about the potential for a crash into October, though August/September can be an extraordinarily volatile timeframe. And I lean heavily, at this stage, towards the view that The Top of the Bull run has not yet been seen.

But, to me, the danger signals are starting to go off all over the place ... and Jupiter's looming confrontation with the Arien rebel forces and the Capricornian Plutocrats sets the stage for Star Wars ... The Reality. There are no endearing Ewoks or shaggy Wookies in this story. There is a Death Star. And it is gonna blow. But probably not just yet.

I indicated last weekend that I'd publish some more Bull targets for other indices this weekend, but I'm out of time ... and the markets probably aren't just yet. So, in the next couple of weeks.

Safe trading - RA

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.
Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2013 , 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 - 2011-2013

The Idiot and the Moon, Forecast 2013  Sale price 1/2 off!

• Major trend change dates for the full year, plus a month-by-month breakdown of high-energy trading dates and critical reversal dates.

• An index-by-index analysis of Moon Trading across major American, European, Asian and Australian stock indices-

• Identifies the major indices where following the phases of the Moon can dramatically cut profits, or even result in large losses.

• Old Gods & Gold ... a Eureka! discovery about exactly what drives gold prices during rallies and corrections and charts showing highly-reliable target levels to both the upside and downside.

These price charts are individually-tailored to each index and cover Wall Street, Australia, Canada, Hong Kong, Singapore, Shanghai, India, England, Germany and France.

You will not see these charts anywhere else on the Internet!

And much more...

It is NEVER too late in the year to have this monthly information!
Sale Price $10.00