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The World at Large - February 9 & 10, 2008
by Randall Ashbourne

We will dispense this week with the normal format while I try to give a big picture overview of where we’re at and, more importantly, where we may be heading.

    1. We may have entered a particularly nasty Bear market that could run for another five
      years.

    2. We may be in a nasty secondary correction within an ongoing primary Bull market.

    3. No-one can, this weekend, be 100% certain which of those two scenarios applies.

    4. Absolutely regardless of whether 1 or 2 is the case, markets worldwide are
      very likely to rally strongly within the next 3 months, probably within the next
      few weeks.


    5. Before that intermediate-term rally begins to be as near as we can get to "a sure
      thing", we may all have to suffer through another sudden plunge.

As far as is possible, we need to put bias, emotion and media misinformation aside and pay attention only to the charts.

To make things clear, I want to state that I do have a personal bias - and it is in favour of Scenario 2; that we are in a nasty secondary correction within an ongoing Bull market.

In the past few weeks I have explained through discussions of both the longer-term astrology and the fundamental shift in economic power from Euro-America to Asia and India why I believe the market turmoil since late last year is a massive head-fake.
However, it is also true that the financial problems created by the grossly incompetent and completely unprincipled Masters of the Universe have the potential to create a total collapse of the world’s biggest banks and financial institutions.

It is simple fact that if it were not for the mega-billions hurriedly supplied by the US Federal Reserve and the mega-billions supplied by sovereign wealth funds from Arabia to Singapore several of those banks would have no cash.

Not one cent. Zilch. Diddly squat. They’d be bankrupt, broke, doors closed, out of business.

That’s how serious the problem is.

These Masters of the Universe, of course, never learn anything. At a time when rebuilding confidence in the Western world’s financial system is of paramount importance, these twerps are still playing juvenile games of imagined brinkmanship -
issuing self-important downgrades of each other.

One of the leading ratings agencies which slapped its AAA-rating on toxic sludge a firstyear accounting student - with principles - wouldn’t put an F on has even threatened to downgrade the USA itself to less than AAA status if it has to undergo an inquiry into its practices.

At the moment, we are poised on the brink - we face a total financial collapse in much of Euro-America, or the system has to be bailed-out so that some value is restored to assets to allow for a more orderly dispersal.

No-one in their right mind throws perfectly good babies out with the dirty bath water, so the sane, rational, common-sense solution leans heavily towards the bail-out at any cost side of the equation.

Which means this ... the price of assets, virtually all assets, needs to be forced back up to levels which ease the capital reserve demands on the banks and frees up some ready cash.

As I indicated last week, even in Bear markets there are strong, upward rallies if for no other reason than the big money boys make damn sure they happen so they can unload more of their crud to the suckers.

I believe that will turn out to be the worst-case scenario. The best-case scenario is that in trying to restore the appearance of stability, in creating situations where distressed assets can be offloaded to strong hands who can afford to take a long-term view of what those assets will be worth in 20 years, rather than next month, we may actually create the reality of stability, leaving the way open for another leg of a long-running Bull.

We will be able to extract a more realistic view of Bull or Bear by the way markets worldwide react to that rally. In the meantime, we are still in the stages of trying to determine when that rally will begin.

And, also, how deeply markets might plunge before they decide to stop flip-flopping.

In the USA it is options expiry week, which often produces high volatility; Australia is in the middle of a reporting season, with the Commonwealth Bank due to report this week, following the National Australia Bank’s results last week.

As we will see on the charts, the various indices are trading in a narrow band, currently testing the downside edges from which they will either bounce, or fall through to retest the January Lows - perhaps even putting in a marginally lower Low as we’ll see the DJT put in before launching itself on a very strong rally.

However, before we go to the charts, let’s review the Astrology at work.

Astrologically

Worldwide indices plunged from late December into very Bearish Lows on January 22/23, which was quite precise timing with the first of a series of Jupiter trine Saturn aspects involving the Earth signs Capricorn and Virgo.

We’ve discussed this one at length since January 12th, including the findings of Kaye Shinker’s considerable research over the years which ties conjunctions and oppositions of Jupiter and Saturn to economic recessions.

From Kaye’s extensive research and testing - and from the technical behaviour of the various indices since that first trine happened on January 21st - we can have a reasonable expectation that market low point was very, very significant.

The next significant aspect was Venus, the planet which symbolises money, moving first to trine Saturn and then to conjunct Jupiter - the meeting of the lesser and greater Benefic, as Venus and Jupiter were known in ancient times.

That period, finishing February 1st, was when most indices hit their short-term peak - although it flowed over into Monday’s spike on the ASX.

From that peak, indices fell again last week into the Solar Eclipse in Aquarius, the sign which has rulership over stock markets and company profits.

That eclipse happened during the ASX trading hours, virtually on the midpoint of a mundane sextile between Venus and Uranus, the latter of which has rulership of Aquarius.

The ASX 200 stopped falling within minutes of both the Moon and Mercury hitting the exact midpoint of the sextile...and continued rising the next day.

Three significant geocentric aspects occur this coming week, beginning with the Sun conjunct Neptune just after midday Monday on the ASX - to be followed by a Venus inconjunct with Mars a couple of hours before the close of Wednesday trading in New
York and a Sun trine to Mars not long after the New York open on Thursday.

It is the Sun-Neptune conjunction which has the most potential to symbolise a significant turning point, perhaps especially in oil prices since Neptune has rulership over Pisces.

Since the markets have been retesting the lower edge of their most recent trading band, it could signify a turnaround to go back up and retest the upper limits of the band.

The trine to Mars tends to suggest a positive mood, although the real meaning of a trine is the rapid removal of impediments - ie: if markets are making a real attempt to break through a restriction, the obstacles will suddenly disappear. But, if they’re trying
desperately to hold their head above water, it’s the buoyancy which suddenly disappears.

The following week, Venus moves into Aquarius and Mercury resumes Direct motion – and it’s the combination of those two in close proximity which just might give us a clear rally.

To Read more: Download the entire PDF documents with all charts and further comments by Randall Ashbourne 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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