Despite strongly positive
astrological conditions which should be helping to push markets
higher, the rally in some world stock indices is showing worrying
signs of weakness.
However, it would take a dramatic slump
in prices and confidence to cancel the odds now in favour of a new
Bull market developing over the next few months.
Major stock indices are continuing
to hold above their new uptrend lines and positive divergence is
emerging in both the British FTSE and the Australian ASX 200, both
of which last week decided to brush off Wall Street’s latest
bout of Chicken Little bird flu.
The Bullish divergence also continues
in the Dow Jones Transport Index which went very close on Wednesday
to breaking last year’s Highs – in spite of the current
bubble in oil prices.
Some of the positive astrological
energy I expected to drive stock prices higher obviously has been
diverted to the crude oil market. I should have given more weight
to the fact that Jupiter is the original ruler of Pisces, the sign
which rules oil.
On Friday, Jupiter went Retrograde
and later this month, so, too, will Neptune – the modern ruler
of Pisces. Between now and the end of the month, the oil bubble
should pop.
By late June, Uranus, now transiting
Pisces, will also go Retrograde and that may further relieve pressure
on oil prices.
In the meantime – not this coming
week, but next – Jupiter will again perfect its sextile aspect
with Uranus. Since Uranus has specific rulership of stock markets
and Jupiter is the symbol for expansion, we should begin seeing
more of the positive astrological energy shift away from oil and
back to stock markets more generally.
There was a 9-month cycle due to bottom
last week and there is still a major Bradley Model turn date due
in early June. I mentioned last week that the first week of June
is also the timeframe for a bottoming of the 10, 20 and 40 week
cycles.
So, it is possible that these cycle
Lows due in the next few weeks are what is reining-in the upside
in stock markets and causing the astrological energy to be transferred
to other markets, like oil and various commodities.
However, I did make the point quite
strongly very early in last weekend’s report that we had to
expect a price pullback to the new uptrend lines I had added to
various technical charts.
I said: “But, “but”
I must! And the reason is simple … at some stage within the
coming days, or weeks, the breakout will be tested for its strength
and resilience.”
When we come to the charts to try
to get a handle on what lies ahead, we will see that the Dow Jones
Industrials, the S&P 500, the FTSE and the ASX 200 all stopped
their drops at precisely the price points we expected Support to
show itself.
The question for the week ahead is
whether the uptrend lines continue to hold.
Astrologically
Jupiter went Retrograde on Friday and
Mars is shifting signs to Leo this weekend. I indicated last weekend
that both are market-moving energy shifts.
The key remains Jupiter again forming
an exact sextile with Uranus, which I touched on earlier. This aspect
represents an “opportunity” for markets to expand.
On Monday and Tuesday, the Sun will
light up that energy by making its own sextile to Uranus and trine
with Jupiter.
And then, as the following week gets
underway, Venus will repeat those aspects from her home base in
the very stable sign of Taurus – and the Venusian charge comes
just before the Jupiter-Uranus sextile is exact.
This is a re-emphasising of the energy
patterns I went into at some length several weeks ago when I suggested
the emerging pattern of Venus-Jupiter-Uranus energy pointed to a
surprising turnaround in world stock markets.
And since it does re-ignite the pattern,
especially with the Sun adding its warmth, I seriously doubt the
Bulls are about to allow the Bears to reassert control over the
markets.
In fact, the underlying strength of
the mood behind the rally can be seen from its relative resilience,
given the bubble in oil prices and some food commodities, and the
fact that a number of significant cycles are trying to make their
Lows.
Certainly, those factors are hampering
the gains. We are entering that period in the middle of the month,
when markets can tend towards softness, and Americans are probably
aware of the old saying: “Sell in May and go away …
Don’t come back until
Labour Day.”
So, we do have to balance some weak
seasonal factors, as well as bubble market factors, against the
positive flow of astrological energy.
I’m not sure the “sell
in May” strategy will hold true this year – especially
if the major Bradley Model turn date in early June coincides with
a stock market Low. If it does, I’d expect it to be
a significantly higher Low than the January-March troughs …
because I suspect we’re now trying to find a High for the
first leg of a new Bull run.
But, let’s turn to the technical
charts to see what they can tell us...click
to view the charts and download the entire Adobe PDF file
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the full version of this report with all technical charts and further
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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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