India continues to hit new Highs, but now faces a technical challenge after the Nifty hit 8617 last week. That's a precise 100% extension of the first recovery rally from October 2008 to November 2010, anchoring the current rally from the December low of 2011.
Germany's DAX was also a strong performer last week, but many other indices mirrored the go-nowhere behaviour of Wall Street.
The SP500 is still trying to reach the planetary barrier at 2082 shown in last weekend's charts. Astrologically, we are heading into statistically negative Full Moon next weekend, but the key day in Euro-American markets is likely to be Thursday when the Sun trines Uranus, Venus trines Jupiter and Mars leaves Capricorn for Aquarius.
As we've talked about before, trines have a tendency to break barriers and Uranus, in particular, likes to break things. With the Sun and Venus both in Sagittarius interacting with Uranus and Jupiter, we would expect to see some exaggerated moves ... simply because Sadge, the FatBoy and El Weirdo never do anything with quiet good taste and discretion.
So, we're likely to see the professionals return to their desks this week, bouyantly optimistic about where it's all going ... or gripped by fear that they've run too far, too fast.
Thursday should give us a clue.
Safe trading - RA
(Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)Copyright: Randall Ashbourne - 2011-2014
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.
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