Anyone feeling a little wobbly, this weekend we had the long term heliocentric Uranus Pluto waxing square. Uranus is sudden events and the
nuclear deal is certainly that.
If there are Astrologers out there I'm looking at a chart for
Iran based on Feb 1,
1979 at 9:30am in Tehran.
I use Uranian points and mid-point analysis. I believe this was not the time
for such an agreement. I hope this wasn't the U.S. Democrats coming up with an
event to distract the public from on-going problems. Before I get emails on
this statement, I do not live in the U.S. and not supporting Democrats
I believe we are in the 7th week of the primary cycle and due for a more substantial pullback. Although we did have a 3 day pullback I am expecting more. The difficulty is the FED's QE program. It is supporting the index with false valuations. The FED's economists don't live in the real world and unfortunately, by their actions, are manipulating the market.
Remember the definition of an economist.
"An economist can tell you 100 ways to make love to a woman. But he doesn't know any women". Before I get emails please reverse for female economists. We'll need to keep our sense of humor over the next couple of years.
Nov 24 we have the Sun in waning square to
This signature has a history of market turns given a week either side. Neptune is the planet of illusion and delusion and is
powerful in it's own sign. On the positive side the Sun just entered
Sagittarius which is most often positive for the markets and the days around
Thanksgiving in the U.S.
also have a positive history.
Nevertheless, all things considered I'm expecting a pullback. We are at a 27/54 week cycle (green line on the following weekly chart) and Nov 28 has geocentric Venus opposing Jupiter very close to the heliocentric North Node of Pluto. A disruptive signature.
The 27 week cycle was on the Nov 17th post. 27 is an interesting number. The moon takes 27 days to revolve around the earth and then approx. 2 1/2 days more to catch up to the earth's movement. The Sun takes 27 days to rotate once at the equator. 27 * 4 = 108 an ancient Indian number.
I would wait for a move below 1,770 as seen on the following Fibonacci expansions chart before considering a short.
On Gold, the Sun in waning square to
on Nov 24th, also has a history of trend changes in Gold but within a few days.
We are in the 6th week of the Primary cycle so a trough could be forming for
the 6th week cycle low (major cycle).
If we get a move up it will probably be short as the longer term cycles are pointing to late December or early 2014 for a larger low. Watch the 1233 area for support now.
Although due for a move up I'm waiting to see what effect the
nuclear deal will have on the price of crude. If sanctions effecting crude are
lifted prices could drop significantly.