Kaboom! The Old Gods go to war

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 10, 2014 

 Volatility is about to come roaring back, as the little Gods pick sides in an all-out brawl that involves every single one of the big Gods.

We are likely to see volcanic eruptions, earthquakes and tsunamis ... either literally or metaphorically.

It begins this weekend as Venus squares Jupiter before conjuncting Saturn midweek; the Sun will make the same aspects; Mercury will trine Neptune which goes Direct next Sunday.

And Mars will conjunct Pluto and square Uranus. It is a LOT of cosmic energy being triggered over the course of the next 10 days ... and most of it will be concentrated into this coming week.

We've already had a preliminary taste test ... the Republican sweep of Congress and the Senate, the USA air attack on the IS leadership meeting in al-Qaim, the turmoil in Burkina Faso where the military (Mars) has seized control (Pluto) after a mass uprising (Uranus) ousted the President (Capricorn).

As all that energy becomes exact in the coming days, more regimes may topple, more bombs will go boom, more rebels will rise up.

Stand by for what could be one of the most "interesting" weeks of the year.

We will take a look this weekend at the exact price levels where all that energy is concentrated in a number of world stock markets ... New York, Toronto, London, Amsterdam, Mumbai, Sydney - and gold.

The Venus square Jupiter takes place on Monday in Australia and Asia, as does Mars conjunct Pluto; Venus conjunct Saturn and Mars square Uranus will occur on Thursday; Sun squares Jupiter on Friday. The aspects will occur the previous day in Euro-American markets. (This is just the way the international timezone boundary works.)

Basically, the rocket will take off ... or it will all go kaboom.

Pollyanna first ... the SP500. On the chart below, Mars is red, Uranus is green, Pluto is blue. And here's how it works. The rocket is in warp drive if price breaks through the $2057 planetary price crosssing zone. It will be heading for $2082.

But, if it gets strongly rejected from the 2050s, Wall Street may immediately go back into a strong correction.

And the reverse also applies. If Pollyanna drops to around 1990 or 1967 and starts to rise rapidly, it probably means the boosters have been triggered.

It's the same general principle on all other indices. Here's Toronto ...

Above is the weekly chart. Toronto needs to hold the 14,518 level to have a real shot at the 15,200s. The daily chart, below, provides another potential clue to which way it will all go. The Sun/Venus aspects to Jupiter and Saturn are just below the 14,800s. A strong daily break indicates the run to the 15,200s is on.

And if it doesn't break through and starts to drop, the plunge is likely to take it to at least the 14,200s.

The FTSE is next ...

If London starts the week by rising, it is likely to run into trouble in the 6650-6690 range. If it drops into the early 6400s early in the week, it could bounce. The daily chart below shows that a Sun/Venus meeting with Saturn stopped the recent drop. That was a weak semi-sextile aspect. The circled overhead one is a lot stronger in its trend-change ability.

Amsterdam ...
The AEX has been riding Venus upwards and has been stalling at a blue Jupiter. Monday will tell the story ... it will get a boost from the power of the price crossing, or close below last week's price level and be in danger of a drop.

 

Mumbai's Nifty is below. It must break above the 8486 zone by midweek for further rises. If it drops, the 8212/8234 needs to be watched carefully for Support. If the Support fails to hold, the chances of further strong downside increases substantially.

Sydney is below. The ASX200 has been stalled in the Mars/Uranus/Pluto zone for a week. The key price level to hold to provide a rally boost is 5515. There is price crossing Resistance in the 5580s.

And, finally, gold.

The weekly chart is above, showing the Mars/Uranus/Pluto price crossing levels. Our regular Sun/Pluto daily chart is below. I was always a little unhappy that gold continually bounced from the secondary Pluto line at 1182, believing it really "should" hit the primary Pluto at 1158.

It now, finally, might be getting a boost from a false break of primary Pluto, with even further support from a rising primary Sun line. But, as with the stock indices, it is likely to be impacted by this week's severe traffic jam of planetary aspects and needs to get decidedly above 1182 again before we can hope for a sustainable rally.

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

Price points for a Pollyanna bounceback

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 15, 2012

Goldman Sachs has issued a "buy, buy, buy" alert and Citigroup's chief stock strategist is tipping "a raging Bull" market into 2013 with an SP500 target of 1615.

And Gloom Boom & Doom guy, Marc Faber, spent last week reiterating his prediction of a 20% plunge in the same index.

For the moment, either scenario is possible - but there doesn't yet seem to be sufficient evidence to determine which one is probable.

In predicting a strong rally, Goldmans is relying on the statistical norm of what tends to happen in US Presidential election years ... 87% of the time Wall Street spurts during the 4th Quarter, with an average gain of 3.5%.

Last weekend, we went through both weekly and long-range charts for a number of world indices in an effort to set probable upside and downside targets for the current month. We looked at a couple of planetary charts for the SP500 which indicated prices were likely to decline - and a couple for the Shanghai index, indicating it was likely to recover.

Monday brings a New Moon ... which tends to be a statistical high ... as well as a Mars trine from Sagittarius to Uranus in Aries; and on Tuesday Venus will square Jupiter. We'll have a look in a little while at exactly what Miss Pollyanna needs to do to get a boost from either of those astrological aspects

But before we do that, lets have another look at the Shanghai composite index. I indicated last weekend the main Chinese index may be bottoming at a primary Saturn line which played an important role as both Resistance and Support in the past. Those charts can be reviewed in the Archives (available from www.theidiotandthemoon.com ).

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As we anticipated, Shanghai is attempting to recover above the primary Saturn boundary, shown on the chart above with the thick cyan line ... and there is technical support for continued higher prices from the relatively mild positive divergence in the oscillator.

However, our main focus this weekend will be the state of Pollyanna, the SP500. Once again, my apologies to Canadian readers. Yahoo Finance stopped providing historical data for a number of indices back in June, including the TSX and DJI, and I'm having trouble finding a replacement data source.

I showed two charts last weekend which indicated the likely immediate path for Pollyanna was downwards ... because the index had topped out the previous week backing away from an exact price crossing point involving Mercury and Saturn.

I said at the time: "What normally happens with these points is that if price breaks through and Closes above the exact level, it sets the stage for a rally boost.

On the other hand, if price rises into the exact level and then backs away, the odds increase that an important target peak has been hit - and the immediate path ahead is downwards.

Friday's price action suggests this is what has happened ... and the negativity is strengthened because the block shows up in both directions."

Well, "what normally happens" did happen, in spite of the generally positive mood which prevails from 3Q to New Moon.

Statistically, markets tend to peak around the New Moon. But, there is the potential for either Mars trine Uranus, or Venus square Jupiter, to provide a boost.

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And the key to direction will be how price performs on both Monday and Tuesday. On the chart to the right, note the intersection of the falling red Mars line with the thick yellow Uranus line.

It's at 1434. Pollyanna must close decisively above this level on Monday to re-enter rally mode. She gets a second chance at an astro energy boost on Tuesday, if she fails the 1434 Monday test.

In the chart above, the Venus square Jupiter price crossing point (rising green intersection with horizontal blue) is 1426.

So there are two things to watch for ... a Monday close above 1434, or a Tuesday low at 1426, from which price bounces.

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Mars is now in Sagittarius and it'll be joined by the Moon later in the week. Sagittarius has a tendency to exaggerate either the optimism ... or the fear. And wide-range days are the norm when the Moon is in Sadge.

The first hint to which outcome is more likely will be provided by price performance on Monday and Tuesday and how the index reacts at the 1434, or 1426, price crossing points.

In terms of the big picture, the index is still riding the central tyne of a Bullish pitchfork anchored at key long-range highs and lows. The rally angles within the pitchfork are extremely sharp - a result of all the money borrowed by central governments to boost the banks.

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We still have no croaking of the long-range Canary which would lend support to Marc Faber's view of an imminent plunge - though Faber has set a timeline of up to 6 months and we could get an instance of negative divergence by then.

Sticking with the big picture, let's review the weekly charts for the 500.

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The last two peaks on the long-range Canary have come in lower than its peaks during the first stages of the recovery rally. That's a warning sign ... but, it's an early warning sign. There's another one from Pollyanna's apparent inability to rise above the highest level of the channel lines.

I published the long-range planetary chart and its prices last weekend, so you can check that if you need to. The chart above concentrates purely on three levels of technical horizontal support/resistance. We'll zoom-in now and have a closer look at that chart.

click to view larger image

So, if Miss Polly fails the astro energy boost price crossings on Monday/Tuesday, the weekly chart above shows key levels of horizontal and diagonal Support likely to stall the fall.

And, really, there's not much else to look at. The charts in last weekend's edition remain valid for setting the likely range for the month in individual indices - and most of those indices will be influenced over the course of the next week by how the SP500 reacts. If that index can climb above the price crossing points, the Sagittarian effect is likely to exagerrate the optimistic outlook. If it fails the two tests, we're more likely to see fear rising and markets continue to fall.
Safe trading - RA

Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, 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 article, 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 - 2011-2012