Waiting for the dead cat to bounce

Randall Ashbourne, an associate of Astrological Investing, posts reports and articles on his web site at  theidiotandthemoon.com   The following is this weekend's Eye of RA report: Week beginning February 7, 2016 
It is now virtually certain that all major world stock markets are in the relatively early stages of a big bad Bear.  
We discussed the probability of that in the first two reports for this year, both of which can be accessed by scrolling down.
 
There is still a chance that Central Banks will try desperately to stop the drop, but they appear to have exhausted their ammunition.

The next major rally is, given the extreme levels of technical damage, most likely to be a dead cat bounce which will provide the last chance for many traders to exit Long positions before being wiped out.

That bounce may already be underway, with the mid to late January Lows marking a turning point for a upward-leaning grind that could run into May, perhaps even early June.

Venus conjuncted Pluto and squared Uranus last week, two strongly negative aspects. This week brings a trine to Jupiter. Given both planets are "benefic" and Earth signs are involved, we could see a level of stability return.

I did promise last month to include the current position of some Asian indices; we'll do that this week, as well as taking another look at Wall Street's SP500 and the ASX 200.

 The Nasdaq took a major hit last week, with some of the big name tech stocks rolling over badly. These had been helping to hold aloft the entire American market.

Pollyanna, the SP500, has not yet, I believe, actually confirmed it is now in a Bear market. But that scenario is now leaning heavily towards the probable, rather than the possible.

Below is the 500's long-range planetary price chart. The index is still trying to hold the Pluto level in the early 1870s. It is possible a rebound could take price all the way back to the 2080s. Still, long-term history shows it finds strong levels of both support and resistance at those orange Node lines.

The Weekly Planets chart for the ASX 200 is below, with the index opening and closing last week's trading within a band between grey Neptune now at 5012 and Uranus now at 4974.

There isn't much to stop a further drop if it dives again below the blue Saturns now converging at around 4949. And any rally is likely to find barriers in the 5184 to 5249 range.

India's Nifty is playing very closely to Pluto price lines. Traders can use these lines as potential targets, keeping a very close eye on daily charts for signs of positive or negative divergence starting to show whenever these targets are approached in actual trading.

Hong Kong has already fallen off its Bullish trend line ... something which has not yet happened decisively on the SP500 or ASX 200 ... and has also completed a backtest of the line. Big Bird, the 50CCI, is gasping in the dust of the mine floor.

There is a little positive divergence in the two faster Birds, giving at least some hope for a bounce "from the obvious" level of Fibonacci support.

It's a difficult call, though, since the index is currently stalled below long-range planetary price support. You'll note that in both charts, the next layer of major support doesn't come into force until around 16,000.

Singapore is holding up a little more strongly than the Hang Seng at this stage, still just hanging onto planetary support.

We can see the alternative levels of Fibonacci support and resistance in the chart below. Fibonacci levels and planetary prices will very often be quite close to each other.

The black lines are linked to the previous Bull High and Bear Low and the red ones run from the Bear Low to last year's High, and even a quick glance will show you both sets provide a reliable guide to the likely length of rallies and declines. Again, if you're actively trading in these dangerous conditions, use these as a big picture guide and watch the daily charts like a hawk for any potential turn as the prices are approached.

If this is a major, new Bear ... and it probably is ... the biggest, nastiest, fastest section of the crash is still ahead of us.

Safe trading - RA

 (Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2016

The Idiot and the Moon, eBook, available for purchase

The bounce in stocks ... and 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 June17, 2013

 Jupiter energy takes centre stage this week, when the fires of optimism will be stoked again ... or the fear will be.

Last weekend, we reviewed where we were within the correction and I indicated Venus was making two aspects we needed to watch closely.

I said: "So, the Friday bounce could be short-lived. We need to pay close attention to price reaction on Tuesday and Wednesday when Venus opposes Pluto and squares Uranus."

That was the timing for Europe and America. The aspects were in play on Wednesday/Thursday in Asia - and most Asian indices, including Australia, produced a classic turnaround bar on Thursday and bounced strongly into the week's end.

Whether the bounce produces anything more than a blip will depend on the reaction to this week's conjunction between the Sun and Jupiter. This is a once-a-year event. Symbolically, it represents a peaking of growth energy and packs enough oomph to cause an intermediate change in trend.

It's also the week when a major Bradley Model trend turn date is due and the Sun will leave volatile Gemini for the security of Cancer. As one of the Cardinal signs, Cancer is an "action" sign ... and it is where the action is geared almost solely towards protection of all those things which make us feel secure, safe and comfortable.

We'll review the status of the correction this weekend and the Weekly Planets charts for Asian indices.

At a glance, the correction on Wall Street still seems to be too shallow, in terms of both Price and Time, to be realistic - especially considering the rapid, steep declines in most other major indices.

Yet, technically, the SP500 remains in its uptrend channel. The Venus aspects to Uranus and Pluto produced another drop to again retest the validity of the lower channel trendline. We'll be in the lunar phase between the 1Q Moon and Full Moon, which tends to be statistically negative.

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At this stage, however, Pollyanna is not only holding the rally channel in play since last November, but remains within the upper level of a long-term channel based at the 2009 Bear bottom. In other words, it's still Bullish.

The index is still rising in a sharp angle within that broader channel and the long-range Canary in the oscillator panel has not lost the upper red level which would indicate a major correction is underway.

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This has not been the case with many other stock indices, most of which entered a major correction more than a month ago. Last weekend, I indicated those indices had reached potential bounce levels. The drops continued into the Venus aspects, but the delayed bounce was exceptionally strong.

We'll use the ASX200 Weekly Planets chart I've featured a couple of times in past weeks to review the bounceback. Despite the drop into the Venus aspects, Auntie finished the week in a stronger positon than the previous week. The Big Bird has turned higher without dropping as far as the Zero line.

Experienced traders I've talked to seem wary of the bounce. Yet, the index certainly seems to have met its targets for a major correction, which is what we thought this one was shaping up to be. It overbalanced the Price drop of the similar-level correction in early 2012, but not the Time - at least not so far.

We do need to continue to be cautious and not just because of this week's Bradley data and the Sun/Jupiter conjunction. We had several weeks of sideways shuffling at the end of the last correction of this magnitude.

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However, we also need to at least weigh the prospect of what is "normal" after a drop this deep and this fast. And normal would tend to indicate a more sustained bounce to "balance" the drop.

Many of the other Asian area indices display charts very similar to that of the ASX200.

India's Nifty began its decline after failing to close above the 6175 Uranus level on its WP chart ... and with very clear divergence between the Big Bird and Price peaks when the high was made.

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Singapore failed to even reach its Uranus barrier before turning down, with a negative divergence signal in the height of the fast MACD histogram peaks.

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While Hong Kong turned south after being unable to climb above a Saturn barrier.

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The build-up in the negative divergence levels on the oscillator for Jakarta was obvious and growing strident as that index struggled to overcome a Neptune price level in the mid-5100s ... but recovered the 4745 Neptune level with last week's strong bounceback.

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While Shanghai may be in the process of finding its bounce level after recontact with a primary Saturn price line at 2150.

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Now, each weekend we go through this exercise of trawling through planetary charts while I waffle on endlessly about astrological aspects and technical conditions. And that's just here. I got involved in a lively discussion with a couple of pals at the end of the week.

Both of them are not only intelligent, experienced, regular traders, but also have some enviable technical skills. We chat online virtually every trading day, swap tips and opinions, and tell jokes. These are conversations I wouldn't want to miss and if I had to trust someone else to invest for me, I'd trust these guys to make a profit more than any professional broker I've ever met.

Late on Friday, one of them was lamenting the fact his trading account was a little deeper in red ink than the previous week and I was reminded of why I wrote The Idiot & The Moon in the first place. And it's this ... a high-level IQ and an extraordinary degree of technical competence isn't a guarantee of making regular, reliable, safe profits from trading stocks. And nor is it even vaguely uncommon for regular traders to suffer varying degrees of despondency and anguish over trading decisions that continue to fail - no matter how much time, skill and effort they put into the job.

All of that is exactly why I came up with The Idiot. The Idiot is an Ego-destroyer without peer!

The Idiot reads nothing (except price bars), watches nothing, talks about nothing.

And yet ...

Well, here's the weekly Idiot applied to Miss Pollyanna. One of us made a lot of money trading this index. And it wasn't me. Even worse is the realisation it could, and should, have been me!

I do hope you all are smarter than I am!

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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

• 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!

Saturn, gold and WPs for TSX and Asia

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 April 29, 2013

 Markets rallied last week between 3 of the 4 astrological aspects reviewed in last weekend's edition.

It started with Venus in opposition to Saturn and continued into the lunar eclipse Full Moon (with the Moon conjunct Saturn) and tended to stall going into this weekend's Sun opposition Saturn aspect.

The remaining one of the four, and perhaps the most important, arrives midway through the coming week - Mars opposed to Saturn.

If markets continue rising into the aspect - and that is certainly possible given it's the end of the month - we will all need to watch target levels and oscillators very carefully for signs of a potential intermediate peak.

There are still no major alarm bells going off in the SP500's monthly charts, but signs of weakening are starting to become obvious in weekly charts.

However, since it has been a while since I reviewed the state of the Asian indices and because I neglected to update Canadian readers recently when I published updated Weekly Planets charts for Western indices, most of this edition will deal with those markets.

We'll also take another look at gold. I had an email exchange with an Indian businessman during the week who is tipping significant reversals in gold prices on May 10 and 17, based on his interpretation of the Vedic aspects.

I am by no means any sort of an expert on Vedic astrology, which forms part of the daily culture of Hindi society. However, I do know from past studies that it tends to be much better than Western astrology at predicting actual events and timing. As always, the accuracy of the forecast depends on both the skill and the bias of the interpreter.

The bounceback in greenback gold prices has been strong - and continues to conform to the planetary charts I revealed this year in Forecast 2013.

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Over the past couple of weekends, we've discussed gold at some length and in the Archives you will find the weekly chart with the major price targets marked. For those of you trading gold, or gold miners, without the benefit of the planetary charts, the Fibonacci retracement levels provide alternative targets.

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Obviously, the red FiboRx levels deal with only the recent nosedive, while the blue levels show a wider range from an earlier peak. What is interesting, at least at a surface level, is the apparent importance of 50% markers - something the ASX200 does often. Last week's continued bounce went close to recapturing the 618 FiboRx of the sharp downleg, before ending the week near the 50% marker.

Now that we have a wider range to view, we can see that the sideways shuffle before the plunge also took place within what can now be defined as a 618-50% horizontal zone. Important consolidations, either up or down, often become a 50% range marker. It could mean the gold correction is over. I'm still quite uncertain that is the case - and I wouldn't be confident about the resumption of a gold bull market until I see a marginally lower price trough accompanied by a higher low in the long-range oscillator.

Before turning to Canada and Asia, let's take another quick look at a chart I published recently for Pollyanna, the SP500.

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I indicated recently Miss Polly may be embarked on a run between different Uranus/Pluto planetary lines - a run which began at the lower yellow oval and may be heading for the higher oval, priced at around 1609.

Now, my apologies to Canada. I forgot to update you when I last looked at the Western indices. So, to make it up, I'll give you both a Weekly Planets chart and a long-range version, starting with the latter.

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And the Weekly Planets chart, with a narrower range of price targets, is below.

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India's Nifty50 is next. It put in a recent bottom at a Saturn/Uranus level - and backed off last week from a weekly Saturn line. If the index is going higher, it could have the next Saturn/Uranus zone as a target - around the 6200s.

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Next we go to KL, which has a tendency to target Node lines for major moves, with interim stalls at Saturn levels. The small-range stalling in the past few weeks is fairly obvious, but the oscillator isn't wavering and, having overcome the 1666 Node line, the next major target is in the 1750s.

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Jakarta appears to be in a weaker position. It has been trapped by a primary overhead Saturn - and the oscillator is declining. Since the oscillator is still well above the +100 level, it is possible it could turn out to be a continuation pattern and there'll be a new surge to about 5150, which is the next highest Neptune level.

If you look at the chart, you can see the past importance of the grey Neptune lines. Having consolidated on top of the last one now priced at 4750ish, the higher level does seem to be a valid target.

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Up to Singapore, where there has been much to-ing and fro-ing as the index consolidates below the primary Neptune level which capped the STI's 2010 price peaks. The falling highs of the MACD histogram peaks indicate growing internal weakness - and this Neptune level is obviously a strong one. Breakout puts the 3500s as the next major planetary barrier.

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Over to Hong Kong, where the Hang Seng has recovered from an apparent false break below a primary Saturn.

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And next a quick visit to Shanghai ...

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And, finally, to the ASX200 ...

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And that's a wrap for this weekend. The target prices within the Weekly Planets charts don't change too much from one week to the next, so you might want to keep track of your favorite index until these are updated again in a few 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

• 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!

Weekly Planets: 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 April 1, 2013
As I promised last weekend, this edition updates the intermediate-range Weekly Planets price targets for a number of Asian stock markets.

A couple of them - Malaysia and Indonesia - are way up there with the Wall Street indices.

Most world markets, however, have diverged significantly in a way not too dissimilar to what happened during the 1999-2000 Bubble top.

We'll have a look at a very long-range log chart for Miss Pollyanna, the SP500, in a moment. But, before we do, we'll have a little chat about the USA's horoscope for 2013.

And, I should also point out ... in terms of lies, damned lies and statistics ... that April is, on average, Pollyanna's strongest-performing month of the year; stronger even than the Santa Claus rally month of December.

But, let's talk first about America's 2013 birthday. Regardless of the exact time or date used to create the USA's birth chart as an independent nation, one thing is absolutely certain ... it has a Sun-Venus-Jupiter conjunction in the sign of Cancer.

Jupiter is still in Gemini, but is now tracking towards Cancer. Jupiter is "exalted" in Cancer. That is, the FatBoy is even grander, bigger and more benign than usual.

The Sun-Venus-Jupiter conjunction in the USA's natal chart explains a lot - both positive and negative about American traits and sociological history. And it also helps to explain why the country currently tends to believe it's immune from SinoEuropean contagion and is back in its "rightful" place as the leader of the world.

Hubris. In ancient Greek lore, it was basically the only real sin. Pity the modern Greeks and their Cypriot cousins forgot the old rules.

Below is a long-range log chart for Pollyanna, displaying a virtually perfect harmony with the trend line lessons and channels outlined in The Technical Section of The Idiot & The Moon.

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I've mentioned before that the period from 1999 until now shows a distinct similarity with what happened during the 1960s, the period marked with a yellow oval.

During that period, Wall Street had three Bull runs and three Bear crashes. The Bull peaks were successively higher and the Bear bottoms progressively lower. The current period is not an exact replica, but at an eyeball glance, it does look to be remarkably similar.

And that is a LOT of negative divergence building-up in the long-range oscillator.

The point is ... with Jupiter heading towards a conjunction with the USA's extraordinarily benign natal configuration, we can't totally rule out new highs in Pollyanna, and possibly a lot higher than we've believed likely. But ... when Polly exits stage left and Chicken Little grabs the spotlight again, the downside could cut very deep.

More about that in coming weeks. Let's take a look at some of the Asian indices, starting with the Shanghai Composite.

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A couple of editions ago, we had a chat about gaps. Shanghai created a couple of big ones on its weekly charts as it bounced strongly out of its last Low. The first of the gaps was filled with a strong decline 6 weeks ago and last week's downturn has gone very close to filling the one at 2233.

The state of the oscillator suggests there is no cause for panic or overt pessimism; it's the strongest it has been since early 2011 and its most recent peak displayed clear positive divergence.

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Hong Kong's Hang Seng Index is above. It is currently trying to hold the primary Saturn line around 22,000, after failing to reach the Neptune line at 24,000.

Singapore's Straits Times Index, below, is in a stronger position, still apparently striving to reach its Neptune target.

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The Singapore bounceback began within a Uranus/Pluto cluster of price lines and it may be trying to get to a similar planetary zone, now priced close to 3500 at its lower range.

Indonesia ...

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Jakarta is making all-time highs, though it's doing it with negative divergence just starting to show in the oscillator. That doesn't rule out new highs in the near future, but the wave structure is beginning to look complete, leaving the index ripe for a correction.

And Malaysia is looking similar ...

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Just at an eyeball glance, Kuala Lumpur has a tendency to make primary moves between Node price lines (orange), with weekly stops at Saturn prices. You can see why there has been a lot of stalling in the current price range; that's a first harmonic Node line the index is trying to breakout above ... from a bounce which began at a false break of the 1st harmonic line currently priced about 1300.

In other words, it has completed its full Node-to-Node price run and now needs to breakout or breakdown. And the price targets for both scenarios are listed.

Mumbai is next ...

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Okay, so that brings most of my Asian readers up-to-date. The price targets on the Weekly Planets charts from last weekend will not have changed very much. You can always copy the image and draw-in your own price bar for the week if you need a visual guide of how your favorite index is doing.

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

• 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!

Taking a look at Asian markets

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 March 4, 2013

On Wall Street, Miss Polly is bumping her head again; and in Washington they're talking budget blues again ... for the umpteenth time when Mercury is Retrograde.

It's fairly well accepted that during the Reagan presidency, Nancy kept her favorite astrologer handy to help with not just the timing of decisions, but the direction of decisions.

 Just maybe that's part of the reason Ron and Nancy enjoyed a lot more support at the end of Reagan's time in office than was evident at the start.

For the past few Obama years, however, it seems that every major decision is put off until Mercury is Retrograde; outcomes are difficult to negotiate; and almost invariably nothing real gets done and the can de jour just gets kicked down the road.

We're back on the same old treadmill. It's all too, too depressing for me to make any predictions this weekend.

We're approaching the midpoint of the Merc Rx period and this week goes into the 3Q-NM lunar phase. In terms of the SP 500 last year, only four of these phases were negative.

They tended to be slightly less positive than the FM-3Q phase, which is now ending. This weekend, we'll take a quick look at Pollyanna and the Nasdaq 100 and then take a closer look at the Asian markets because I want to demonstrate something about the Weekly Planets charts.

Almost boringly, we'll use the same 500 and NDX charts I've used over the past couple of weekends.

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Polly is back at the breakout-or-breakdown barriers of the planetary lines which capped the 2000 and 2007 Bull markets. To be frank, I have no idea at all which way this is going to go.

Overcoming that overhead Uranus/Pluto hurdle opens targets in the range from about 1548 to 1572. If things go the other way, my best guestimate for the downside would be the grey Neptune at 1466.

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The NDX, above, continues to be stalled by the Uranus barrier now at 2770 ... and continues to make what might, or might not, be the right shoulder of a head & shoulders formation. If it plays out, it's again Neptune I'd expect to stop the drop - at a price around 2440.

Anyway, I really don't know and I want to look at the Asian markets instead, because I want to show you something about my Weekly Planets charts.

The last time we looked at the Straits Times Index, Singapore, I think was in late January and if you check the Archives, you'll see the upside target was listed as 3319.

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Well, the high for the STI came in a 3319.19 - and the index has been in correction mode since it was hit. In other words, the hit was quite precise.

That Neptune line, which also capped the 2010 peaks, is currently priced a tad higher at 3332 and I've also updated the two most likely downside targets.

It's also been several weeks since I published Shanghai charts.

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The last time I published this one, the Neptune line was priced at 2407. There was a slight overshoot when Shanghai topped at 2434.48 and then went into correction.

Given the positive divergence which appeared in the oscillator as Shanghai made its final low, and because of the strong rise in that oscillator since then, I'd think the index is far more likely to breakout and the next upside targets are in the range from 2600 to 2800.

If you're a regular reader, you probably already "get" the value of these Weekly Planet charts in helping determine Entry and Exit levels for some very profitable trades. If you're one of the recent arrivals, these two serve as a good example of how it works - and you might want to trawl through the Archives to find your favorite index if it's not in this weekend's edition.

Hong Kong ...

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The Hang Seng is one of those which didn't reach the target on the last attempt and the fast MACD has rolled over. Still, there was no really major negative divergence at the high and the index is trying to hold an interim Saturn line as Support.

Indonesia ...

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Jakarta has been on a roll, one of the strongest indices in the region. I haven't created planetary charts for the index yet ... and I'm not sure the number of Indonesian readers warrants it. If the information really is of strong interest to you, drop me a line and I might work it out for future editions.

Just technically in the meantime ... this romp outside the upper boundaries of the Bi-BBs can't be sustained for long, despite approval from the fast MACD. Breaking the BBs normally means a sideways move, or downside correction, is not very far away.

Malaysia ...

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And there's a good current example of precisely how that works in the Kuala Lumpur index. Just cast your eyes back to look at what happened with the price on previous occasions when the top layer of BBs was broken.

Australia ...

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We'll finish, as usual, with the ASX200. The 4985 Saturn level held up as Support for the second week running. A rather mild case of negative divergence is developing in the oscillator, but it's not so bad yet that it sets alarm bells ringing. So far, I see nothing to change my mind that another strong rally is coming before we need to be really cautious about Auntie, even if the index corrects further before launching that rally.

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

• 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...