Full Moon low ... or something else?

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 June 16,  2014 

It was a week when all the expectations became reality ... the war drums started sounding again, the Moon in Sadge delivered wide-range days, and Polly and the DAX turned down from long-range planetary price lines.

What we don't know yet is whether it was just a Full Moon drop, part of a Mercury Retrograde spurt-and-reverse, or the start of something significant.

If it's the first, this week should see stock prices stablise and start to rise again.

If it's the second, no real turnaround can be expected until late in the week. That's because there is a general tendency, by no means certain, for a trend which begins near the start of the Mercury Rx cycle to reverse course halfway through the phase.

There's not a lot of astrological activity this week, leading into the Solstice. The most notable event Up There is still Mars and its moves. We've had the square to Pluto and the red planet is now heading into opposition again with Uranus (exact midway through the following week).

The war drums will continue beating. They always made the cavalry nervous.

We'll begin this weekend with a quick look at Canada, which went in the opposite direction from most other Western indices. Price of the composite is still trying to reach an important Pluto/Node zone priced from the early 15,000s to just above 16,000.

If we backtrack, we can see the last two Bear bottoms came in at Pluto/Node zones ... the last one of which I've circled. The reason I highlight that zone is because it's made up of "mirror" lines and the orange Node line now priced at 16,012 was a major player in stopping the last Bull peak.

There's a general tendency for these zones to act a little like strong magnets over the longer term. That tendency is why I was fairly sure both the SP500 and Germany's DAX were due to make an exact touch of some overhead planetary prices. The DAX hit 10,033 on Tuesday, a slight overshoot, and then started backing off strongly.

Pollyanna hit her high on Monday, also with a slight overshoot. In both cases, the indices have hit long-range planet lines which should be strong enough to cause a strong countertrend. However, it's difficult to be sure of anything with Mercury Retrograde.

There is also a technical reason for last week's drop. Earlier in the year we spent several weeks discussing potential trades set up by price breaks of the outer BBs and I circled some past instances of normal behaviour when that happens.

India also ran into troubles last week, failing to break past a couple of Saturn barriers on the Nifty's Weekly Planets chart. The price bars are daily, not weekly, and so is the Big Bird oscillator which was clearly disenchanted with the new price highs.

The ASX 200 has been in an intermediate downtrend, though it's really more of a sideways shuffle so far. Weekly Big Bird suggests there is more downside to come.

The problem for the ASX continues to be the August 2007 spike low ... a resistance barrier I've talked about before, known as hitting the last low before the high.

The LLBH price is not far above an important Fibonacci Retracement level. Still, in overall terms, the index is clinging to a weak uptrend, riding external Fibonacci parallels of its main pitchfork. All 3 Birds ... Fast 6, Medium 14 and Long-Range 50 ... are stacked in decline mode.

There hasn't been a monthly close below the current Fibonacci fork extension since the index fell off the main tynes.

As stocks dropped, gold jumped ... getting a boost from holding support at the horizontal Pluto level and rising Sun. The rise brought it up to the next Pluto level.

I'm still wary about just how long this rally will last or how far it can go ... because of the technical damage done during the last big dump on the overnight markets.

.

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


  Purchase Forecast 2014 and receive a special report on GOLD
 

Weekly Planets for Europe & 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 November 25, 2013

America and Germany push to new highs. Pretty much alone.

Wall Street will be closed Thursday and will close early on Friday as the USA takes time out for Thanksgiving.

There are four significant astrological aspects this week. Mercury conjuncts Saturn on Monday and trines Jupiter on Thursday.

Venus opposes Jupiter on Thursday and the Sun trines Uranus next Saturday.
The current blow-off rally on Wall Street launched itself on October 8 with Mercury conjuncting Saturn not long before the little guy went Retrograde. There's a chance of a near-term top developing Monday or Tuesday.

Gold made its August high exactly as Venus squared Jupiter. So, there's a chance gold may find a sustained low this week as Venus makes another hard aspect to the FatBoy.

The Sun is now on its annual trip through Sagittarius, which does have a tendency to boost stock prices.

Over the past few weeks, I've published a number of charts showing important planetary barriers overhead for the SP500, as well as gold charts.

You can consult the Archives for the relevant price levels for both.

This week, I'll concentrate on updating Weekly Planets charts for a range of other world markets.

And we'll begin with my home index, the ASX200. Auntie made another test of the Uranus line now priced at 5311 and managed to close above it, though not nearly as decisively as the previous week.

Big Bird is dropping, though it remains in positive mode since it has yet to lose the +100 red line. Still, the internal strength continues to fade, with the last peak in the oscillator much lower than the peaks it recorded earlier in the year.

GERMANY is next. The next upside barrier is 9272, with a stronger Resistance level at 9464. Since there is no negative divergence evident in the oscillator, that high-level target needs to be considered as a "probable" destination for the DAX.

LONDON has been in decline for the past few weeks, with the FTSE's ability to break out capped by Saturn lines.

PARIS has also been in consolidation mode, though its stall has been happening on top of an obviously important Neptune line at 4222. It's probably worth noting that this rally began in 2011 when the CAC made a false break of a primary Pluto line and launched a recovery.

Since it started at primary Pluto, it may not end until it gets to another one - priced at 4400.

AMSTERDAM remains strong above a Neptune price line. If we track the index's past performance, it's fairly obvious it plays to the cyan Saturns when not trapped by Uranus/Neptune lines.

INDIA'S Nifty index is next. Big Bird approved of the high a few weeks ago, so we can probably assume there will be another attempt at reaching the Uranus level at 6384 when the current correction is finished.

 

INDONESIA is still working off the excesses of its record run earlier in the year. Jakarta made an attempt last week to regain the Uranus barrier at 4409, but was quickly rebuffed.

For the moment, the index is probably stuck in a range from the 4400s down to the 4220s.

SINGAPORE seems to be playing Follow-the-Saturns. For the past few weeks it has managed to stay above the lines. So long as it does, another attempt at the 3326 Neptune seems likely.

I'll try to update a few more world index Weekly Planets charts next weekend and, perhaps, take another look at gold.

You might want to hold onto this week's charts because it's likely to be quite a few months before I publish them again. The updates for the remainder of the year will be relatively brief because I need to spend the next few weeks researching and writing Forecast 2014.

If all goes well, the Forecast will be available from early January. There is no need to pre-order. I'll install banners onto the website home page and on the Eye of Ra page when it's finalised and ready for sale.

Safe trading - RA

Astrologicalinvesting.com note:  Randall Ashbourne's Forecast 2014 will be available to purchase in January 2014 at 
www.astrologicalinvesting.com  as well as www.theidiotandthemoon.com 

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.
Randall Ashbourne's Forecast 2014 will be available to purchase at www.astrologicalinvesting.com/html/shop.htmlwww.astrologicalinvesting.com  as well as www.theidiotandthemoon.com 


(Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2013

Murky Wrecks ... and more gold mystery

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 October 21, 2013

There are a couple of astro events this week likely to have an impact on stock markets ... Mercury goes Retrograde and the Sun shifts from Libra into Scorpio.

Firstly, the usual warning about Merc Rx - Murky Wrecks - make sure you double-check everything you do and expect some data feeds to go haywire.

Most of us make a few mental blunders during the Merc Rx periods; like hitting the Buy button when we actually meant to Sell.

It's just a lack of concentration, which is easy to overcome if we're aware of the tendency and adopt a policy of double, even triple, checking.

There is also a general tendency for stock markets to start a move in the few days around the Merc Rx date which reverses course halfway through the phase (normally about 3 weeks long).

It doesn't always happen, but it does more frequently than not ... and since the last Mercury Retrograde phase in June/July launched a strong rally throughout the period, the coming phase probably has a higher chance of returning to "normalcy" mode.

We'll take a look at a chart on the topic in a moment. We'll also be taking another look at gold, where mysterious big money buyers have replaced the mysterious sellers, and I'll start the process of updating the Weekly Planets charts for a range of indices ... starting this weekend with India's Nifty, London's FTSE and Singapore's STI.  

There is great joy across America as its politicians vote to send the nation deeper into debt while refusing to do anything about its profligate spending.

This is good. It means we can all get back to the really important stuff ... like why Miley persists in sticking her tongue out so far when it's always covered in white fuzz ... or whether there should be a law compelling Kim Kardashian to wear a full burqa so we are all spared another one of those endless "selfies" displaying buttocks that would shame a dairy cow into going on a diet.

And speaking of vacuous trolls ...

Miss Pollyanna, the SP500, gapped up on Friday into the Full Moon date, which statistically tends to be a low point in market mood. This inversion of the normal also happened at the last Full Moon - prompting a 3-week decline.

The new Price high has received an approving nod from the Big Bird oscillator, which has also recorded a higher peak ... though not as high as it recorded in May.

Next, we will look at a Mercury/Node chart for the index. In the left third of the chart I've marked the previous Merc Rx phase with two black verticals. The index rallied all the way through the phase, which is a little unusual.

Miss Polly has a tendency to travel between Node price lines, which are the orange horizontals on the chart above. And there's one of those immediately overhead.

The astrological symbolism applied to Mercury Retrograde periods is that it denotes time for a RE-think about what's happening. I showed you a few weeks ago that the Sun in Libra tends to be a bit chaotic. Libra symbolises balance and a drive to reach agreement and an harmonious outcome.

I also said it can just mean the iron fist is wrapped in a velvet glove. We had that sort of stuff happening in Washington. Nevermind. We got the agreement, which kicks the whole mess down the road until early next year.

The Sun's shift to Scorpio, in conjunction with the Merc Rx phase for the next few weeks, means it's very likely there'll be a national re-think about how to handle all the debt (Scorpio) issues.

So, we do need to be aware that the breakout could be subject to a reversal. However, it is a breakout and the next highest level of long-range planetary price resistance doesn't come into effect until the $1770s.

The optimism displayed by Pollyanna is not universally shared.

London's FTSE index remains below its May highs; in fact, it's still below its August and September highs.

The daily Big Bird is crawling higher, even with the price lower. There's not quite the same level of agreement from weekly Big Bird on the FTSE's Weekly Planets chart (below).

Still, either on this rally or the next one, the FTSE seems to have its target set at the upside Saturns - in the 6700s.

Mumbai's Nifty Weekly Planets is below and the index has been playing those close to perfection. Big Bird likes the bounce and breakout is likely to target the 6400s.

The Straits Times Index has been constrained by Saturn for many weeks - and its Big Bird is not giving clear signals for a move in either direction.

Similar to the Nifty, Auntie - the ASX200 - is playing almost perfect WP touches. We have preliminary indications of a break northwards ... and it's open space all the way to around 5500.

I'll try to update more European and Asian WP charts over the next couple of weekends. But now, let's turn our attention to the latest shenanigans in the bullion bazaar.

And bizarre it was again last week when, in the wee hours of New York's Thursday morning, a wave of Buy orders worth over $2.3 billion surged onto the markets, causing a 3% jump in prices in a matter of minutes. The manipulation continues unabated.

Let's look first at my planetary price chart for greenback gold. We got the lower prices when gold slumped down into the 1250 Pluto level early in the week and rebounded with all those mysterious early-am Buy orders on Thursday to finish the week capped by a falling Sun line.

 

Thursday's raid also produced a breakout above the red downtrend line which has controlled the market since it peaked in August. Fast Bird (green) likes the move and so does the red Medium Bird.

So, despite Friday's stall it appears higher prices are ahead. So go consult the planetary chart.

But remember that there's still a lot of overhead resistance which has yet to be overcome before we can be sure gold has embarked on a sustained 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
(Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2013

A major shift in planetary energies

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 July 22, 2013

Shift in planetary energy

Wall Street completed its Grand Trine week with the SP500 closing at a new all-time High.

But the rest of the world did not. It has been one of those relatively rare instances where American markets rallied all the way through the Mercury Retrograde cycle.

And that's part of what now leaves everyone just a little more vulnerable.

Because this week brings a major mood shift as various planets change signs, or direction. The Sun goes into Leo, Venus into Virgo; Uranus has gone Retrograde and Mercury is turning Direct again.

Mars will conjunct Jupiter, providing a last burst of energy to the Grand Trine involving Jupiter, Saturn and Neptune. By the end of the week, the energy shift of the planets could turn markets from optimism to pessimism.

The Sun will square Saturn and Mars will start igniting the Uranus/Pluto square again ... as a precursor to Jupiter making the same aspects in what I mentioned last weekend Ray Merriman calls a bankruptcy signature.

Since we've been discussing the danger that markets are now in the process of topping-out the Bull run, I'll publish some more targets for non-American markets this weekend.

We will deal first, however, with a little more of The Spooky Stuff. Probably the two most significant transits in the immediate future are the Mars conjunction to Jupiter followed by Mars square Uranus.

Many of you may have heard dire, dire warnings of ... gasp*shock*horror ... "the Mars-Uranus crash cycle". I have dealt with this before. It's carp. And, yes, that's a misspelling. Mars makes some aspect with Uranus a couple of times a year ... and the hard aspects have no regular, reliable track record of producing a crash. Not even a little one.

In the chart below I have marked the Mars-Jupiter conjunctions with thick blue bars and Mars-Uranus squares with thick red ones. We have eight examples of Mars-Uranus squares ... and not a single one of them produced any sort of crash. In fact, one could argue the reverse.

There is more danger of Mars-Jupiter conjunctions producing an intermediate top.

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Either one of these aspects does carry enough punch to turn markets in a new direction. BUT! Time and Price have to "meet" precisely before one can predict a change with any degree of certainty.

I was watching Pollyanna, the SP500, and the ASX 200 quite closely last week to see if either of them intended making that "meeting". They didn't.

But, they do have another chance early this week. For Pollyanna, the two key Price levels are at 1704 and 1654. Allow about $3 either side of those numbers.

IF Miss Pollyanna jumps to 1704 and immediately starts to back down strongly, get out of Dodge! This is the Time & Price meeting place in space for the whole Mars-Jupiter-Saturn-Neptune interchange.

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It's interesting that Miss Polly was not the only index to studiously avoid that meeting last week. So close ... and, yet, so far, was also the case for the ASX 200.

Auntie ASX just stopped in mid-air, flatly refusing to go to a meeting that could have forced the index to change direction.

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And it was mid-air, which is a little more obvious in my personal planetary chart for the ASX below. Had either of these indices hit those exact price levels and failed to break through, it would have been a very bad sign for further gains in the intermediate future.

The Time & Price meeting place is activated again early this coming week and the action - and reaction - will have to be watched very closely if Polly hits the very early 1700s, or 5042ish for Auntie.

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 Failure to hit the exact Price levels, on Time, makes it a lot more difficult to determine a significant change of direction.

Now, I showed Bull target levels for Pollyanna, the FTSE and the ASX last weekend and indicated I'd update charts for other indices in the coming weeks.

This weekend, we'll look at India, Singapore and Shanghai.

INDIA

Our first chart is a long-range monthly for the Sensex. It is once again approaching the key level in the 20,200s ... and with a medium-term oscillator looking distinctly unhappy. Obviously, to eliminate the danger implied by making a triple-top, the index needs to break through the long-range barrier decisively.

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The Weekly Planets chart for the Nifty is below. It ended last week retesting a Saturn-Neptune price zone. It's a key level the index must break through decisively to trigger the final potential targets for India's Bull.

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If it can do that, the next danger zone is in the range from about 6200 to the mid 6400s. This is the range of the planetary line-up which stopped the two previous Bull peaks. If the Nifty gets through that barrier, the target becomes the 7000s.

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 SINGAPORE

The STI is also approaching a key barrier. I used the American charts last week to show how Big Bird and the medium-range oscillator tend to give advance warning when markets are making either a long-range top, or bottom.

And there are further examples below. The double-bottom in Price terms of the early 2000s Bear showed clear positive divergence in the oscillator ... as the run into the 2007 Bull peak showed clear negative divergence.

And then, another obvious case of positive divergence at the 2009 Bear bottom. And I repeat what I've been saying about Pollyanna ... we are not yet receiving warning sirens that suggest we are in dire and imminent danger. There is some relatively mild divergence in the current state of the oscillator versus price. The sirens are starting to go off ... but they're not yet becoming strident.

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Now, while the chart above shows a technical level of significant resistance in the early 3300s, the STI's Weekly Planets chart, below, offers three higher targets if the topping process is going to continue into the August-October timeframe.

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CHINA

It's difficult to get a read on Shanghai, which continues to test the validity of the Bear low. Mild positive divergence in the oscillator seems to be trying to build, but so far can't manage to get traction.

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But the index needs to recover the Neptune level at around 2056 on the long-range planetary chart below ... or it's in danger of plunging another 25%.

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Okay, for those of you unskilled in technical mischief, you can do a right-click on any of these charts and save them as an image to consult in the coming weeks. Yes, I know ... India, Singapore, China. Not a lot of technical ineptitude going on there.

Keep a close eye on what prices Polly and Auntie get up to on Monday/Tuesday. Loud warning sirens if Polly especially goes to around 1704 and poops her panties! If she goes through ... decisively ... we'll probably go back into goo-goo/ga-ga/gush mode.

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  Sale price 1/2 off!

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• 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.

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Breakout or breakdown: Part II

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 February 25, 2013

 And now you know why I sometimes refer to the Pollyanna index, Wall Street's SP500, as a vacuous troll!

Last weekend, I said: "This week ... next week probably at the latest ... the vacuous troll has to make up her mind whether she's going to breakout or breakdown." 

And she did both! Arghh! The one-day break above the long-range planetary lines which capped the 2000 and 2007 Bull peaks was quickly followed by Chicken Little rushing back to centre stage. Briefly. Or not?

That's the question we'll consider this weekend ... because if that was "a false break" last Tuesday, we've only seen the first part of the storm.

Mercury goes Retrograde this weekend and stays that way until March 17. I mentioned briefly last weekend that we all need to be extra careful during Merc Rx and make sure we're pushing the buttons we actually intended to press ... and, that the "normal" mode of Mercury Retrograde, is to start a move which reverses course halfway through the period.

One of the other totally reliable signatures of Murky Wrecks is that computers do strange things and price feeds go oddly awry at the most inconvenient times.

It's usually worst on the couple of days around the Rx and Direct dates.

We'll start with updates of the Pollyanna and Nasdaq 100 charts I showed last weekend.

Click for larger image

Tuesday opened with a blast above the Uranus/Pluto price barriers Miss Polly had been bumping her head against for a few days ... and it provoked a sudden reaction downwards on Wednesday and Thursday. A "false break" is when price suddenly overcomes a key barrier, regardless of whether it's a technical line, Fibonacci, or planetary, and suddenly gets scared. They have a tendency to prompt very fast, wide-range moves.

I mentioned a few weeks ago that I was going to start keeping manual charts for the SP500 because the official Open figures provided by the NYSE were too often an outright lie. If you pay even scant attention to various indices, you'll notice they all have "quirks".

The FTSE for example opens each day at exactly the price it closed the previous day. It's a joke. The TSX, ASX, DAX and NDX all use the actual figure. Anyway, on the Pollyanna chart above, I've used the real figures.

Because, the false figures from the NYSE deliberately conceal "gaps" in the price. Nature abhors a vacuum and gaps get filled! We can see it at work short-term on Friday, when the bounceback closed the gap from Thursday's Open. But there's one real Duesie of a hole waiting to be filled from early January when the big boys goosed the overnight trade to put a rocket under the Santa rally.

So, what do we do? Well, we know where the upside Resistance is and I indicated last weekend this was starting to look like a completed stage running from one Uranus/Pluto zone to another. But I didn't think then, and don't think now, that the correction is the start of The Big One. I would doubt, at this stage, that a correction would fill that gap from early January.

Now, let's have another look at the Nasdaq 100 ...

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I thought a couple of weekends ago that the falling light green Sun line would drag the NDX down, but the decline held off until it bumped into the falling Venus line at Wednesday's Open. There are two obvious, unfilled gaps in the index. In fact, if the decline resumes this week, I'd think it's likely to run to the yellow Uranus line below the first gap.

The faster Canaries, green and red in the oscillator panel, have plunged deep enough to indicate they'll have to show an instance of positive divergence (higher troughs at lower prices) before the correction is finished. The only caveat I have is that the Big Bird, the yellow line, may be in the process of bouncing from the Zero line - and I've mentioned before that a "Zero Line Rejection" can produce a strong move (in this case it would be rally).

Click for larger image

And a rally is possible if last week's action was just a plunge into the statistically negative mood of the Full Moon. Not looking so good, though, on the NDX Weekly Planets chart above. The potential head&shoulders pattern, which is decidedly negative, still seems to be in play.

Now, a lot of H&S patterns eventually don't turn out that way; they morph into something else. But, in this case we have some big time negative divergence underway in the fast MACD, now making another lower peak in both the signal lines and histograms. Remember, this is a weekly chart, so if the price pattern follows the oscillator omens, this will be more than a short, sharp correction over a couple of days.

Canada ...

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The capped version of the TSX 60 has been range-trading. I use this chart for those of you wanting to try your own version. The red lines, of course, are Mars ... and most of the regular Canadian readers will know Mars is the "driver" of markets. The grey and yellow horizontals are Neptune and Uranus.

The index has a distinct tendency to travel along Martian channels between Neptune/Uranus stop-offs. Anyway, the effect is easy to see and this is a chart you can replicate relatively closely without shelling out for expensive planetary software ... just set the horizontal S/R lines at 12-Loony intervals.

London ...

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The FTSE last week made a precise touch on the high side of the Weekly Planets targets and immediately backed off. No surprise there, eh? Despite the stalling, I wouldn't bet on London having reached The High just yet, even if it corrects further before launching a new rally. There's hardly a whisper of warning from the fast MACD.

Mumbai ...

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India's Nifty didn't quite make it to the overhead Saturn - and that seems to be a repeat of what happened with the index in February last year, when it broke above a Uranus barrier for one week and then went into decline. It seems to be repeating the pattern with the Neptune line at 6027. There's a primary Saturn line at 5813 and it could be useful to closely monitor how the oscillators behave if it declines to that level.

Just as a technical reminder, note the negative divergence peaks in the Big Bird, which recorded lower peaks as the price was making higher ones.

And finally, for this week, a look at Auntie, the ASX 200 ...

Click for larger image

Showing this chart last weekend, I said: "While Wall Street is back close to its old Bull peaks, the ASX 200 made its own milestone last week - closing above the 50% recovery barrier for the first time since the bottom of the Bear plunge in 2009.

And there appears to be more room to run ... I'd thought that primary Saturn line at 4985 would provide stronger Resistance; it'll be interesting to see if it converts to Support during the next correction."

Well, we got the more room to run ... and then primary Saturn converted to Support. Ahem! IF the correction is finished.

From an "eyeball" viewpoint, it looks as if this is probably going to be a correction of the same order as the four-week pullback last October/November. If that's so, it'll be followed by a further, strong rally ... and that's when we'd start looking for signs of a Canary croaking. At the moment, it's still in fine voice with a sweet song.

One item of housekeeping before I wander off ... there's now a dedicated Archives section for this year's old stuff. Red button under the Eye!  ( Eye of RA report: Week beginning February 25, 2013 )

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...