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The World at Large - April 12 & 13, 2008
Astrological conditions affecting stock markets combined with technical analysis
by Randall Ashbourne

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

Friday’s price collapse on New York stock indices, caused by disappointing earnings and outlook from GE, appears to have pushed markets worldwide into a weak position.

Weak Fridays tend to lead to weak Mondays – and last week’s action has the majority of market technicians now calling for a drop in prices to retest the bottom of the horizontal band which has acted as a floor since January.

I warned last weekend that because they were nudging against the ceiling of the horizontal band, and because of the normal length of “time” involved with second-degree trends, many indices would be immediately vulnerable to another downturn.

Astrologically, last week began with Venus moving into Aries and squaring Pluto and by Thursday, the Sun squared Jupiter and Mercury squared Mars. I indicated last weekend that “all three suggest sudden moves up and down”.

Friday’s big plunge in New York took care of the sudden down expectation … to the point it has the Bears growling of another significant downleg immediately ahead.

Technically, they have considerable evidence to support that assertion. However, there are some contrary indications from the astrological energy.

I want to try to weigh the evidence dispassionately and it will get a bit complex, so bear with me.

Astrologically and technically, there are several key dates pointing to trend changes. The first of these happened last week – centred on April 8 to 10. Quite apart from the astrological aspects, like Sun square Jupiter, centred on that time frame, those dates came up in relation to various cycle and Fibonacci readings.

The next key date is April 22, followed by the period from May 1 to 9. Again, these are key cycle and Fibonacci periods, as well as dates which correspond with significant astrological aspects.

Most technicians are now calling the April 8 to 10 reversal zone as a High and are expecting indices to continue falling into April 22. However, there are other technical readings which suggest the rally should continue to April 22 – or early May.

And, as I’ve been indicating for a few weeks, the lack of any significant negative astrological energy from now until at least April 24-25 suggests support for a rally, rather than a decline.

That’s because the next two weeks are full of sextiles and trines, with the Sun and Mercury moving to trine with Saturn and Pluto, Mars moving to a trine with Uranus and an opposition to Jupiter and Venus entering the action at the end of that period by
forming a T-square with Mars and Jupiter.

All the action players get pulled into this high-energy astrological field.

From May 3 to 9 is another high-energy zone – with Jupiter going Retrograde, Saturn going Direct, Mars changing signs to Leo, as we head into a time period when Venus squares Saturn.

Now, the astrological symbolism of trines is the rapid removal of obstacles. This can mean that the floor gives way – and that any energy holding the markets up suddenly collapses.

However, this is the first stress-free astrological period for quite some time and it does tend to suggest the elements exist for a surprising and strong turnaround.

If the markets were going to act negatively, it should have happened last week when the three squares, all of them fairly high-energy patterns, were strongly in play.

And we did see very negative news all week.  What was interesting, however, if we look closely at the American and European charts is that the indices spent a little time testing the upper boundary of the horizontal price band....to read more and view the charts, download the PDF file

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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