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.

click to view larger image

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.

click to view larger image

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.

click to view larger image

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.

click to view larger image

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

click to view larger image

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.

click to view larger image

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.

click to view larger image

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.

click to view larger image

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.

click to view larger image

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

click to view larger image

And next a quick visit to Shanghai ...

click to view larger image

And, finally, to the ASX200 ...

click to view larger image

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!

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.

Click for larger image

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.

Click for larger image

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.

Click for larger image

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.

Click for larger image

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 ...

Click for larger image

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 ...

Click for larger image

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 ...

Click for larger image

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 ...

Click for larger image

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...