Sunday, May 11, 2014

Still waiting for breakout or breakdown

Randall Ashbourne, an associate of Astrological Investing, posts a weekly market report on his web site,  The following is this weekend's Eye of RA report: Week beginning May 12,  2014 

 Major world stock indices shuffled sideways for another week ... and with few clear hints about which way they're likely to break.

Wall Street finished Friday with the headlines gushing about the Dow's record close; which is technically true, but is also pure "spin".

We might start to see a bit more action in the coming week, since Venus is now in Aries and will conjunct Uranus, square Pluto and Jupiter and oppose Mars.

And the following week, Mars will end its unusually long retrograde in Libra.

These Venus aspects and the Mars change of direction will repeat the themes from April and earlier in the year ... and, perhaps, provide enough spark for either a breakout or a breakdown.

I'd thought we might look at some price targets for the Venus aspects, but there is little point with so little movement in most of the major indices. Since Jupiter, Uranus and Pluto have moved little, the price targets will be much the same as those I published a few weeks ago for the Cardinal Grand Square aspects.

Let's begin this weekend with a look at "the all-time record high close" in the Dow Jones Industrials. Yeah. Technically true. But not nearly as exciting as it sounds.

It was marginally higher than the 2013 close for the index. Now into the 5th month of 2014 and the index has gone nowhere.

London's FTSE index has gone nowhere for even longer. It made a high a year ago and has spent most of the time since, shuffling around in a 500 point range.

Most of the other major European indices are in a fairly similar situation.

The primary planets chart for Pollyanna, the SP500, is below. That index remains stuck along primary Pluto at about $1876.

And the ASX 200 performed last week fairly much in line with its Weekly Planets chart, topping just short of the 5494 price level in last weekend's edition.

Okay, so what we have is this ... months of trading within a fairly narrow range. Think of it like a spring being wound tighter and tighter.

When all that pent-up energy is released, markets are going to move hard and fast ... and it could be a very, very expensive mistake to be on the wrong side of the move.

Randall Ashbourne

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 2014, writes a free weekly column titled, The Eye of Ra on his web site in  which he explains the potential impact of astrological aspects and the current state of technical conditions. Ashbourne's charts are revealing illustrations of exactly what has occurred in the market and the probability of what to expect.
Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2014
(Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2014

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