Awoe! Alas! The sky is falling –
again; the banks are broke – still; and the Emperors of Wall
Street have no clothes.
Is there any part of this we didn’t
know already?
One of the ratings agencies has declared the banks
are “probably” now halfway through their writedowns.
For some reason, the markets found that reassuring – as if
it’s somehow nice to know the banks which are broke now will
be only twice as broke in the
near future.
The US Federal Reserve, acting in concert with
other Central Banks, pumped another couple of billion greenbacks
into the banking system last week. Not quite enough, apparently,
to fill the tellers’ drawers at Bear Stearns.
This coming week, the Fed meets again –
facing demands from the Masters of the Universe to slash interest
rates by as much as one full per cent.
Everything that glitters is gold; oil is a gusher;
and there are rumours that the US dollar is now so low they’re
used as wallpaper in Zimbabwe.
The news is awful, awful, awful. And that’s
before the banks actually begin reporting in the next week!
And yet. Stock markets, particularly the American
indices, are still holding at the levels I showed in a series of
charts back on January 12 when it looked as if a worldwide crash
was imminent.
The only questions we really have are …
will markets be able to produce a strong rally from these levels
– and, if so, when?
We’ll turn to the technical charts in a minute to see what
they might be able to tell us.
But first, an update on the astrological conditions
…
Astrologically
The admission by Bear Stearns that it’s now in real danger
of going belly-up comes as the money planet, Venus, opposes Saturn
this weekend – to be followed almost immediately by Mercury
making the same aspect.
It’s interesting that as Venus made its
entry into Pisces, the sign of its exhaltation, the Fed announced
new moves to help bail out the banks.
The key question is whether, between now and the
end of the month, Mercury and Venus travelling together repeat the
pattern of the Sun’s recent transit through the same aspects
… that is, “translating” a high-energy negative
pattern from Saturn to Uranus and, thus, sparking an extraordinary
volatility.
I outlined my personal belief last weekend that
it will not have nearly as adverse an impact as the New Moon conjunct
Uranus because the difference is that Venus is now exalted and under
special protection from the other Gods of Olympus.
Symbolically, I think we are seeing that in the
initiatives being taken by the Central Banks. I’m certainly
not expecting to see any good news from the overall banking sector!
The simple interpretation of Mercury opposed Saturn
is “bad news”. Too, the Moon is heading towards its
monthly conjunction with Saturn this coming week – and the
Moon conjunct Saturn is nearly always a depressing aspect.
We also need to consider that during the waxing
phase, between the New Moon and the Full Moon, the conditions highlighted
at the New Moon “grow” in their worldly effect. The
Sun will soon renew itself in Aries – and will square Pluto,
before moving on to
square Mars.
Now, it is entirely possible that my interpretation
of the astrological symbolism ahead is way off – and it is
very likely that the coming week will see some volatile reactions
to both the Fed’s decision and the results from the American
banks.
Nevertheless, the weight of the astrological aspects
over the next few weeks leans more towards a display of positive
energy than the high-energy negative aspects of the past few weeks.
I would not be in any rush to pile on Long positions
in the markets just yet, but it does seem to me – because
of the astrological conditions I’ve outlined in some depth
over the past two weekends – that the tide of energy is beginning
to turn.
We all know that even if we are already in a developing
new Bear market, there are strong rallies within the long-term downtrends.
And as I explained a couple of weekends ago, the
Big Picture astrological conditions for this year – on top
of the fundamental conditions of the Asian markets – tend
to suggest we should put in one, perhaps two, more High marks before
the Bear market really starts.
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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