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The World at Large - February 23 & 24, 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

Stock markets appear set for a sudden move and the direction should be clear by Wednesday of this week.

I said last week: “It is possible we could have as much as another week of range-trading, but that time span is getting towards the outside edge of what is likely.”

We got the week of narrow-range trading, with prices constrained by the converging diagonals shown in last week’s charts.
By Friday, it looked as if New York had decided the direction of the next move would be down.

However, a strong rally late in the day lifted the Dow and the Nasdaq back inside the triangle, leaving alive a small hope of a rally in the week ahead. The S&P 500 did not confirm that hope, however.

The astrological aspects in play last week did not suggest the opportunity for much upside, especially with a Lunar Eclipse occurring in fairly close conjunction to Saturn and I mentioned the week would close with the Sun heading for an opposition to Saturn.

Over the next couple of weeks there are astrological indicators of high-energy and a strong turn in the direction of the markets.
Technically, however, the charts are giving readings from which both Bulls and Bears can draw comfort.

Which is to say they are not giving a clear signal in either direction! One indicator, a 30-day Slow Stochastic, is making positive divergence against prices on American and Australian indices.

It’s actually a reasonably rare occurrence, but taken on its own, is an insufficient indication on which to base a strong, early position.

Financial stocks, particularly the banks, make up a high proportion of both the ASX 200 and the S&P 500 and a rally in either of those indices needs the participation of the banks to be strong and sustainable.

Australian banks have been in a panic plunge - falling far too far, far too fast. And, yet, the index itself has shown a remarkable contrarian resilience in the face of that plunge. We will take a close look at the Australian banks this week because a recovery in banking stocks is likely to lift the entire index.

Astrologically
We are now entering a week in which the astrological energies show what appear to be fewer pessimistic tendencies.
The most significant aspect this week occurs during Tuesday afternoon trading in New York, with a now-direct Mercury conjuncting Venus in the sign of Aquarius.

Also potentially significant is that heliocentric Venus will trine Saturn and conjunct Jupiter.

When Venus made these aspects on a geocentric basis in late January, culminating with the conjunction to Jupiter on February 1, New York markets rallied quite strongly for a few days.

However, it is the period from March 3 to 11 which is filled with very volatile energy patterns suggesting a decisive market turn – one way or the other.

Mars will not only change signs, going back into Cancer following its Retrograde period, but will oppose Pluto. Mercury and Venus will conjunct Neptune and the Sun will conjunct Uranus.

There is another, less-obvious astrological signal also occurring at this time – March 1st. Kaye Shinker has reminded me of her Jupiter research, which indicates the expansionary effects of Jupiter are about to change from raw commodities and resources back to the financial area.

The details for applying this research can be found in Kaye’s Textbook for Financial Astrology. Basically, it has to do with Jupiter hitting the 15 degree mark of Capricorn.

Kaye says: “That means look at Taurus stocks which we know are selling at bargain basement prices. In other words financials (20% of the S&P ) will be coming back.”

This is a very interesting piece of astrological intelligence – and it gels perfectly with the remarks I made about the Australian banks.

As we know, Jupiter has a tendency to exaggerate – to the upside or the downside – and the panic plunge in Australian bank stocks is actually typical of what we might expect as the planet is about to symbolise a sudden change in emphasis.

In many ways, it would be better to see the various indices continue to move sideways with a downward edge into the early March period – so that we could be sure the decisive turning point would be upwards into a strong, multi-week rally.

However, “hope” has no place in stock market analysis! We need to pay attention only to the technical charts, with help from the astrological indicators to act as a guide to timing when the charts indicate a big move is coming...CLICK HERE TO READ MORE

Click HERE to download the full version of this report with technical charts and further comments in 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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