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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
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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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