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
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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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