Oct 3, 2011 Update

SP500
I believe we are due at least a short term reversal which could take place tomorrow. Possible spike low then a reversal up or the reversal is Tuesday. If not a reversal one should take place in the first 2 weeks in October.

If there is a spike low the SP may find support around 1110 which is the grey (Neptune) line on the following daily chart.

Towards the end of the month there is a very long term transit taking place on Oct 24th.. That is Uranus in waning square to Hades. Hades is not a planet per se but a Uranian point. Don't expect anything drastic that day as it is very long term event. Hades rules waste, the unattractive side of life, filth and decay. Sounds pretty good so far. Hades also rules ancient secrets and lost wisdom on the more positive side. Uranus of course is sudden changes. the unexpected, originality and freedom. They are both in cardinal signs, potentially giving them more power. watch the blog for further details as this square develops.

Gold

Gold is at the 23.6% retracement of the whole move up from Nov 2008 to the early Sept highs. Note the trend has followed the red band on the bottom side of the fork. The trend is uncertain at this time but Gold has the potential for further losses. On Oct 15 Heliocentric Mercury enters Sagittarius which has a history of being positive for precious metals. Positive approx. 80% of the time. The other 20% has been a history of sharp declines.

 

Silver

Silver may follow the Jupiter line (blue) or follow the Venus line (green) up. Silver often hits a trough when Venus is in Libra. It exits Libra on Oct 9. As mentioned under Gold, the precious metals are often bullish when heliocentric Mercury enters Sagittarius. This occurs next on October 15.

 Crude

Crude looks like it is headed down for further lows and may be falling into a 17 month cycle troughdue in late Oct or Nov.