The confusing technical signals
typical of a Mercury Retrograde period have started already, making
for a trading environment that’s difficult to predict.
While Bulls have taken control of
some world stock indices, the Bears have control of others.
Divergence has started to appear between
markets. In the United States, the Dow Jones Transportation Index
and the Nasdaq re-entered Bullish mode last week – and small
cap indices also gained significant ground.
The Dow Jones Industrials and the
S&P 500 could not rally as strongly; but in Britain and Australia,
the FTSE and the ASX 200 did not rally at all and spent most of
the week flatlining after the initial decline.
It is as if those two latter markets
were discounting the rise in other indices, especially the American
ones, as typical end-of-month behaviour that will soon be reversed
downwards.
We have a cluster of Fibonacci turn
dates in the week ahead – a period in which there is a direct
Fibonacci mathematical relationship to previous important Highs
and Lows in the American indices.
Astrologically, we have a New Moon
in Gemini and Heliocentric Mercury and Venus will both square Saturn.
Kaye Shinker’s New Moon newsletter has been emailed to members
and Kaye points out it is an especially strong influence.
This is more than usually important
with Gemini’s ruler, Mercury, now Retrograde. It tends to
indicate a period which could be quite volatile and erratic.
A large, one-day move on the Dow and
the 500 is imminent. In all probability, it will be up – but
the negative divergence from the FTSE and the ASX suggests it will
not be sustainable.
Too, markets often change direction
within the Mercury Rx cycle – and sometimes twice!
However, there has still been no confirmed
Hindenberg Omen and until we get one, there is very little chance
of an abrupt decline which feels like a crash.
UNITED STATES
Dow Jones Transports [click
to view the charts and download the entire Adobe PDF file]
We can see the Bulls trying to drive the Transports to a new High.
The strength of this
index is remarkable....(read more...CLICK
HERE to download
the full version of this report with all technical charts and further
comments. (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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