Showing posts with label Malaysia. Show all posts
Showing posts with label Malaysia. Show all posts

Sunday, April 20, 2014

Maximum impact is dead ahead!

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 21, 2014
The next few days could kill the 5-year Bull run which has lifted some major stock indices to all-time highs.

It is the week in which the extreme energy of a Cardinal Grand Cross involving Mars, Jupiter, Uranus and Pluto hits its exact orb with all four planets at 13 degrees ... of Aries, Cancer, Libra and Capricorn.

Many stock markets roared northwards again last week, getting a lift from the lunar eclipse Full Moon in Libra into Thursday's Venus trine with Jupiter as the Moon went into Sagittarius.

In the next few days, many things will break. You may have noticed the unusually larger number of significant earthquakes reported in the past few weeks, many of which sparked tsunami warnings from the west Pacific to the coast of South America.

This is one of the "expectations" from a hard aspect involving Uranus and Pluto.

And it's an energy which will hit maximum impact between Monday and Wednesday.

It will coincide with earnings season reports for USA stocks hitting high gear. Some of the world's biggest companies ... Apple, Microsoft, McDonalds, Facebook and Netflix ... are due to report and Wall Street is hoping the results will be good enough to lift markets above the resistance levels that have been holding them back for the first few months of this year.

Margin debt on USA stocks is at its highest level since the previous Bull peak and, by traditional PE methods, the SP500 is massively overvalued.

And the negative divergence on weekly and monthly charts has been building steadily.

Last weekend I published a number of charts showing the exact planetary price levels to watch closely on a number of indices as this week's trading unfolds. I'll include the charts for a number of other indices in this edition.

However, let's begin with an update on the state of Pollyanna, the SP500. Regular readers will know $1876 is an important, long-range price barrier for this index. Last week's strong bounce regained almost all of the previous week's losses and has put the level in-play yet again.


If you're a new reader, you might want to consult the past few editions of the Eye for more background on what to expect. It is possible that this week's action will confirm a long-range Bull market peak has been hit.

The chart below highlights the historical reaction of Pollyanna to two of the aspects hitting exactitude this week. The red bars are Mars opposing Uranus and the blue bars are Jupiter squaring Uranus.

As you can see, one or both were present at both previous Bull peaks for Pollyanna. And that's without having Pluto in the mix!


The next few charts show the exact price levels of these astrological aspects on, in order, the Amsterdam, Paris, Singapore and Malaysian indices.





The relevant chart for my home index, the ASX200 was published last weekend and you can see it there if you need a memory refresher.

Perhaps even more importantly, though, is the fact that on April 10th, the ASX200 briefly kissed a technical level which always sparks a strong reaction downwards.

We discussed this a long time ago now when the American indices hit the level. It is a little-known reaction called hitting "the last low before the high". We're talking about the massive spike down in August 2007, which was the last low before the 2007 Bull high.

It took the index a very long time to get back there - $5483 - and the rebuff from it was sudden and sharp.


It is probably the key breakout level for the Australian stock market, which has dramatically underperformed throughout this 5-year Bullish phase.

The boxed red numbers show the size of the slumps which have occurred during the recovery. You will notice the long-range Big Bird oscillator disagrees emphatically with the attempt to break out northwards.

There is huge danger in hitting major resistance, with weakening oscillators, in the exact timeframe of one of the most extreme aspects we will see in our lifetime.

If this goes as "expected" - which is a breakdown, rather than a breakout - the resulting slump will dwarf those previous declines.

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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Sunday, August 11, 2013

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

Randall Ashbourne
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

Friday, March 29, 2013

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
intermediate-range Weekly Planets and the USA horoscope for 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.

Click for larger image

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.
click for larger image

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.
click for larger image

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.
click for larger image

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 ...

click for larger image

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 ...
click for larger image

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 ...
click for larger image

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

Randall Ashbourne
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!




Saturday, March 2, 2013

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

Randall Ashbourne
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...