1. We did not close below the 1050 SPX as PPT or whoever thought it was time to trigger a short covering rally - though the main action came from the SOX and JPM was a big buyer of SPX lifting all offers. Therefor we produced a reversal pattern on a daily basis which very likely will spill into early next week as we can expect an 'uplifting news from the G7a about the PIIGS. On a weekly chart basis we added downside momentum but we are entering a tricky period as I had stated earlier that mid Feb was rather a brief period of positive sentiment short term (1-2 weeks) we are entering week 4 in the countdown next week. Week 4-6 can be confusing as their is often a countertrend swing and we will definetly have one but rather after the New Moon on the 13th. hence next week should start higher a very likely retest the lows and make even new ones (50%).
2. some astro insights - the jupiter venus conjunction the usa has in its birthchart will be activated from a good angle from jupiter and venus in pisces during the mid feb period, which will trigger a brief counter rally within the new bear campaign. Whoever missed to go short will have a good chance to participate. around the new moon one might even go long in selected stocks - we figure out next week which sectors are the most promising.
In short, the world is awash in debt. The debt ratings of countries all around the world are vulnerable to being downgraded further. And now the same is true of the United States as a result of its continually mushrooming debt. It is all related to Pluto in Capricorn, the midpoint of the Saturn-Uranus opposition and the focal point of the evolving Cardinal Climax of 2008-2015. It peaks, from an astrological point, in mid-2010. But the damaging consequences of this debt explosion will be felt for the next 2-5 years, and probably throughout the entire decade
What they may not have realized however, is that voters are discovering this too. And with Uranus approaching a square to Pluto-in-Capricorn, a populist revolt against politicians, bankers, and big businesses is already underway.
Nevertheless, the geocosmic picture of this month is not so ugly. Venus will first conjunct Neptune on Monday, and then Jupiter on February 16. This is known as a “translation” of Venus to the separating Jupiter-Neptune conjunction. Obama and the White House may experience something of a “comeback,” for it was the Jupiter-Neptune conjunction last year that supported the world’s belief in his powerful aura, or “magic.” But it has worn off sharply since its last passage on December 21, according to many polls. Yet, the translation of first Venus, and then the Sun (February 14-28) to Jupiter and Neptune can indicate a temporary recovery of that charisma and magic.