Most worldwide stock indices
have a lot of ground to make up in short time if they are to return
to levels they were at when Mercury went Retrograde late last month.
Technical indicators suggest most
stock markets will bounce higher this week and the Wall Street indices
are within relatively easy reach of returning to within a per cent
of the Mercury Rx price levels by the time the communications planet
returns to Direct motion late this week.
However, other indices – such
as the ASX 200 and London’s FTSE 100 – would need to
rally hard.
And then we have some other indices,
like Japan’s Nikkei, which managed to put in a new High, rather
than falling, during the Mercury Rx period.
In short, the Mercury Rx period has
performed erratically, as we expected that it would.
It has, however, inflicted significant
technical damage on many indices. Some of that damage can be explained
by last week’s square aspects of the Sun and Venus to Uranus,
which again “translated” the still-emerging energy of
the Saturn-Uranus opposition which becomes exact for the first time
late this year.
Once again, we have seen a warning
of how badly stock markets may be impacted by this long-term aspect,
which will repeat itself five times between November and mid- 2010.
The aspect unfolds only every 45
years. In plain-speak, it is one of The Big Ones. Uranus has rulership
of stock markets and Saturn is the planet we associate with restriction
and hard times.
Saturn in opposition to Uranus represents
the climax of a cycle which began when the two planets were last
in conjunction with each other early in 1988. As Saturn neared the
conjunction in late 1987, world stock markets crashed.
As the conjunction occurred, Wall
Street started out on a spectacular Bull run which lasted until
1999/2000 when Saturn began squaring Uranus – and prompted
a big Bear slump.
What we’ve seen this year are
the fast planets – Mercury, Venus and the Sun – making
an aspect with Saturn and then transferring its energy to Uranus
as they’ve moved forward.
And that’s what happened again
last week. Given its occurrence during a Mercury Rx period, it is
possible we’ve now seen the worst for the short term and that
we will return to a period of more stable trading.
However, we now need to be aware of
several different factors which can influence markets quite dramatically.
- We are entering a seasonally
weak period for stocks … the “Sell in May and go away”
mantra.
- Significant technical damage
has been inflicted on some charts.
- A series of high-energy astrological
aspects begin unfolding over the next few weeks, some of which
have a strong historical relationship with major market turning
points.
To start … this weekend Pluto
has re-entered the sign of Sagittarius. It is possible that its
temporary break from the heavy Capricorn influence will help “lighten
the mood”, especially as it affects the big financial stocks.
Mid-week, Venus will oppose Pluto
and that will be followed by the Sun’s opposition late in
the week. Given that Venus rules money … and Pluto rules Big
money … we can expect something to happen which impacts on
banking and financial stocks.
Mercury goes Direct again not long
after Wall Street opens on Thursday. Before that happens, Heliocentric
Mercury will conjunct Jupiter and Geocentric Mars will inconjunct
Uranus. The latter aspect suggests there will be a significant “adjustment”
to stock
prices.
This week, both the Sun and Venus
will change signs to Cancer and next weekend Mars will oppose Neptune,
an aspect likely to have a strong impact on oil prices.
The last week of June sees Uranus
going Retrograde. And then, in early July, the Sun and Venus will
oppose Jupiter as Mars conjuncts Saturn. The Sun/Venus oppositions
suggest some sudden, big movements in prices on Wall Street and
the Mars conjunction to Saturn suggests “drive” will
hit a brick wall and be stopped dead in its tracks.
The problem here is in trying to forecast
where markets will go as this high-energy period unfolds.
If the January and March Lows marked
the bottoming of a four-year cycle, as many analysts believe, stock
markets should be in the first stage of a new Bull run which takes
markets to new Highs before the Saturn-Uranus opposition begins
to give real bite to a new Bear phase in the long-term cycles.
But, it’s difficult to see the
“energy” being there to fuel a big rally with the drive
planet, Mars, rapidly heading for a big, brick wall.
And so, we need to look at the technical charts – as confounding
as they may be by Mercury’s mischief – to see what is
more likely to happen.
UNITED STATES
Dow Jones Transports [click
to view the charts and download the entire Adobe PDF file]
The Transports formed a Bearish short-term double top at the level
of last year’s Highs before retreating to find price support
at a high level – and on the uptrend line rising from this
year’s Lows.....(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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