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The World At Large
Week beginning July 6, 2008
by Randall Ashbourne

Astrological conditions affecting stock markets combined with technical analysis


Click here for the full version of this report including technical charts in PDF format

Six significant astrological aspects occur over the next nine days, indicating the potential for a growing turnaround in major world stock indices.

This week, we will take a look at the weekly and monthly charts of some key indices to try to get an idea of whether the next rally will be a second-degree countertrend which lasts only a couple of weeks, or whether it will be a longer, cyclical movement.

Wall Street may have bottomed with the intraday lows last Tuesday and be in the process of confirming an intermediate-term low.

But, we cannot be certain the bottom of the downtrend since late May is in place until we see what unfolds with the Mars conjunct Saturn aspect which takes place late on Thursday trading in New York.

Of the six aspects due to complete over the next two weeks, Mars conjunct Saturn is the strongest – and it can be highly negative.

Mars, however, can manifest early and the energy of the aspect could unfold not long after New York opens after the holiday weekend when Mars makes a parallel to Saturn.

Together with the Uranus Retrograde station and Mars’ sign change to Virgo last week, the combined energy may signal the start of a directional movement which lasts several weeks.

The other key aspects are Venus trining Uranus before making a sign change to Leo and the Sun opposing Jupiter before going on to repeat the Venus trine to Uranus.

As the month closes out its final two weeks, Mercury will repeat those Sun/Venus aspects and Mars itself will go on to trine Jupiter.

The combination suggests a significant amount of positive astrological energy is building behind the scenes, waiting for the extreme negativity of the Mars/Saturn confrontation to exhaust itself.

And, technically, an exhaustion of selling energy is precisely what we’ve been seeing in the markets as indices break key Support levels and fall through even sharp downtrend lines.

Some real damage has been inflicted on technical charts, calling into question whether major stock markets can put in another new High before the Bear takes total control.

UNITED STATES
Dow Jones Industrials [click to view the charts and download the entire Adobe PDF file]

The daily chart of Wall Street’s blue chip index, the DJI, shows very little reason for optimism.

The index has dropped lower than either January, or March, and the only thing in its favour is that it is deeply oversold......(read more...CLICK HERE to download the full version of this report with all technical charts and further comments. (PDF format)

The World At Large is delivered in advance to Astrological Investing Premium Member subscribers.  Randall Ashbourne is a former journalist and political strategist residing in Australia. *QHT Technical Charts created using Quick Harmonic Trader Software, by P.A.S. Astro-Soft, Inc. makers of Galactic Investor Astrology software.

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