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The World At Large
Week beginning June 29, 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

The United States celebrates its birthday this week and Wall Street trading will be shortened.

It’s not a particularly happy birthday for many stock market investors worried by the new bearish Lows in Wall Street’s most famous index, the Dow Jones Industrials.

However, the divergence between markets continues to build – worldwide and in the United States.

Of the major world indices, it is only the DJI and India’s Sensex which last week broke below the Lows of March.

The S&P 500, the Nasdaq, the Russell 2000, the FTSE, ASX 200, Nikkei and Hang Seng all held at higher levels.

Friday’s trading in many markets was marked by very high volumes – indicating strong buying interest at those low price levels.

The question is whether the buying interest can turn the downtrend around … or is nothing more than temporary support which will fold under any new wave of selling.

We have a confirmed Hindenberg Omen on the clock, pointing to a greatly increased chance of a severe correction within the next three or four months.

However, technical analysis suggests this current downleg is close to completion and that there needs to be substantially more distribution before another impulse wave down develops.

And it looks as if a potential bottom was being marked out in many indices last week as Uranus, the planet which has rulership of stock markets, turned Retrograde, an astrological condition which has a strong connection with significant market turning
points.

Mars is about to trine Pluto and change signs to Virgo – and Mars changing signs is another signal for a market turn. Venus shortly opposes Jupiter and trines Uranus, both of which suggest more positive energy than we’ve been seeing into the Uranus Rx station.

Technically, the next rally which develops should be at least a second-degree; meaning it will run for 7 to 12 days – and if it begins this week, that would bring it into the Mars conjunct Saturn aspect, which is quite negative, in the middle of next week.

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

The DJI looks bearish and there is virtually nothing in our normal indicators to suggest an imminent turnaround.

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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