USA, India, Hong Kong reach Resistance

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 September 1  2014 

Wall Street will be closed on Monday, but the shortened week to follow is likely to be volatile.

There was no Eye of Ra last weekend and for many markets last week was a narrow-range, do-nothing show.

It was a week I indicated in the August 18 edition that markets had to crash through ... or face the prospect of a crash.

They didn't crash through.

And that now leaves them vulnerable. It was a week I'd indicated was likely to be important because of the Mars conjunction with Saturn being squared simultaneously by Venus.

It was the Old God of War meeting the Old God of Borders ... and the Queen of Material Values having a hissy fit over their interaction.

Reportedly, Russian artillery crossed into Ukraine. As I said in the August 18 edition: "Mars, in Scorpio clothing, is heading for a conjunction with Saturn. This won't be pretty. Think ... Cesare Borgia and the "charm" of a King Cobra off for a little chat with the King of Naples. Soon to be the dead, former King."

And I suspect this could all get double-plus unpretty very fast. Mars in Scorpio is not the brash, upfront Arien version of the Old God; it's the fight-to-the-death version ... secretive, silent, and extremely toxic. Mars now enters the last third of Scorpio ... the nasty bit with the deadly stinger in the tail.

You know the one from the old tale ... the bit that made it foolish for the frog to play at being the ferryman.

We also discussed in the last edition the Sun opposition to Neptune, which happened last Friday. And that alone is a danger sign.

And here's why. We've discussed in the past why astrological aspects between planets sometimes impact upon markets exactly as "expected" and at other times don't work at all.

I've explained that price must meet the planet crossing point precisely in time and space.

Well, with the SP500 it did exactly that on Friday.

The chart on the left shows a declining, dotted green line crossing below a dotted grey horizontal. That's the falling Sun line opposing Neptune.

So, when Wall Street opens on Tuesday, the big boys' computers are going to have to force a gap above $2004 ... or the index will be in danger of starting a dive.

And it's now not the only major world index hitting its head against major overhead planetary price resistance.

In the next few charts, we'll look at both the near-term and long-range planet prices for Pollyanna, the 500 ... and at the Hang Seng and Nifty.

The chart below shows only the primary planet lines for Pollyanna. We've discussed in the past the importance of this Node range, now priced at 1960 and about 2000.

Having lifted from earlier in the year on rising primary lines, the index is now facing downward pressure from falling primary lines, with the green Sun line having been very important to the uptrend and now, potentially, another correction downwards.

The potential danger is even more obvious when we examine the long-range monthly chart below. These Node price zones have a long history of changing the trend, or at least stalling it significantly.

India's Nifty has now hit major planetary resistance.

And Hong Kong has made it back to a zone it has been struggling to regain for the past three years ... and faces another major hurdle not far north of that one, if it makes it through.

The Australian stock market went nowhere last week. Below is the ASX200 Weekly Planets chart I'm sure you're all now thoroughly familiar with.

Its daily chart is not dissimilar to Pollyanna's ... price is already dropping under the influence of a falling primary Sun line.

The one potential bright spot in the AWP chart above is that the Big Bird oscillator wasn't at all unhappy with the new price high. That's not the case with the same oscillator on monthly charts, but it's just enough to make me think the ASX has enough internal impetus below the surface to make another breakout attempt ... if not immediately, then after the next correction downwards.

Gold. Same-old, same-old. The central banks continue their games in the paper markets; the Chinese keeping buying every single gram of the physical stuff they can get their hands on; the Lows from earlier in the year continue to hold and my personal leaning remains that gold prices are now within the early uplegs of a new Bull run.

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.

Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2014  

  Purchase Forecast 2014 and receive a special report on GOLD   

Venus & Jupiter ... the Lion's love-in

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,  2014 

 
 A few weeks ago, in "Storm warnings in space", I indicated the astrological weather patterns were making a dramatic change and could generate a superstorm.

There's a good chance we'll see a lull in the storm over the next week, with Venus changing signs to Leo on Tuesday and heading for her annual conjunction with Jupiter.

In the symbolism of the Old Gods, these two are the "benefics". It's the Prince and the Showgirl heading for a kissy-smoochy love-in ... in the, uhm, theatrical sign of Leo.

Leo loves to be adored. Venus is adorable. Ask her. And Jupie ... well, he's head honcho. So, just plug Katy Perry's "Roar" into your iPod and wait out the paw-nography.

That conjunction takes place on Monday week, August 18. I suppose that amount of bliss will take a little while to come down, but it shouldn't be too long.

Because the Monday after that one, the 24th, Mars will conjunct Saturn and Venus will move to square both of them. And remember, this is not diplomatic Libran Mars ... it's fight-to-the-death Scorpio Mars.

So, let's start this weekend by looking at the past track record of the key aspects ... Venus conjunct Jupiter and Mars conjunct Saturn. In the chart below, the annual Venus-Jupiter love-ins are the blue bars; the two-yearly Mars-Saturn conjunctions are the red bars.

At least Pollyanna, the SP500, tends to rise consistently into the Venus-Jupiter aspect ... even, take note, during the Bear market from 2007 to 2009. The Mars-Saturn conjunctions aren't quite as reliable in providing strong evidence of price reversals.

I said last weekend that we should see some relief from the pressure last week. It worked for Wall Street and some other markets, but as we see increasingly now, it was far from universal.

Still, as a general indication, I'd expect Venus-Jupiter to provide a lull in this overall storm and will be interested to see just what sort of bounceback rally the Leo love-in can generate.

Before we go to Spooky Stuff planetary price charts, I thought we might return to the simple technical charts. Mercury changes signs to Virgo this coming week, so turning the "mind" to the techie side of things is really quite appropriate.

We'll start with the Dow Jones Industrials again ... and my apologies that this is now getting a little "busy". Okay, this was the one which issued the warning shot a couple of weeks ago with a break of the blue uptrend line. The January drop chomped up $1247 and last weekend the current decline had eaten $714.

I also said last weekend that the depth of the Big Bird oscillator's dive indicated the price drop had further to go. By Thursday's low, the DJI decline had reached $817.

We also took a look at the Dow's weekly chart, marked with a three-line blue uptrend channel and three orange horizontal Support and/or Resistance levels. So ... this is what happened. We got both the further price drop and the expected relief from the pressure, with the Dow still trying to stay on top of the top level of horizontal support in its weekly charts.

It will be very interesting to see if the usually positive price performance going into the Venus-Jupiter conjunctions can get the DJI back inside its uptrend channel. And that probably also now applies to the Pollyanna index. What's interesting about these two is the relative weakness of the Dow.

Note that in the earlier chart, it declined below the 382 Fibonacci Rx level, while the SP500 turned above that marker and recovered to the 236 FiboRx level on Friday.

I'll come back to Polly's planets in a moment, but there is another technical chart we need to have a look at first. I've chatted with you about the dive in the DAX and its dramatic retreat from its Pluto price high.

The German index might be double-bottoming at the level of the March Low, marked with the short, orange horizontal below. But. More to this story.

Have a look at Big Bird. Price might be same-same as March, but our long-range Canary has fallen off his perch and is gasping horribly for non-toxic air. It's a clear warning sign that the "storm" I talked about a few weeks ago hasn't blown over the horizon just yet.

Okay, enough with the techie twaddle ... let's get back to The Vacuous Troll's planetary prices. You know ... the serious stuff. Okay, last week I had the declining Mars price line at $1944 and Pollyanna's high for the week was $1942.92.

I'd have thought she should be able to climb above Mars in the coming week, and if she does, we need to watch how she handles the $1958 Node price line.

Now to my home market, the ASX. We do now have some fairly severe damage. The index has badly lost the Saturn price line, which was at 5530 for last week. It now becomes Resistance. Again.

The weekly Big Bird oscillator has also dived into unhappy mode. That sprint northwards to the 5629 Neptune level is now beginning to look more like a false break rather than a dinky-di breakout.

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.

Important reading:  Randall Ashbourne's The Idiot and The Moon, Forecast 2014  

  Purchase Forecast 2014 and receive a special report on GOLD