The next weeks trading will be very demanding but can pay handsomely if you are quick and have an open mind - basically we can expect a 2-3 week decline and a strong rebound thereafter briefly at least when Jupiter and Uranus are close enough around June 6th in Aries volatility will be as extreme as it gets on both directions but rather an upside bounce is most likely then.
Sentiment is neutralish but some indicators like Rydex leave plenty of downside scope and a retest of the recent lows is very likely.
This fourth layer of the Cardinal Climax technically begins this week. Transiting Venus will enter Cancer on May 19. As stated last week, that will “… (set) off the Cardinal Climax by entering the “grand square” position of the T-square between Jupiter-Uranus, Pluto, and Saturn. The week after that will witness the 20-year opposition between Jupiter and Saturn." In fact, between May 17 and May 23, there will be eight important geocosmic signatures, and three of them are the most powerful Level One types (i.e. historically the highest correlation to primary or greater cycles). As Venus enters Cancer, it will square both Saturn and Uranus, and oppose Pluto, May 18-23, creating a case of translation to the Cardinal Climax.
But it is the two following weeks which are also a great concern to Financial Astrologers. On May 28, Uranus enters Aries. On June 6, Jupiter enters Aries. On June 8, Jupiter and Uranus will conjunct one another in the first degree of Aries. There are no geocosmic signatures with an historical higher correlation to primary or greater cycles than Jupiter and Uranus within 11 trading days. Both of these planets represent speculation, as does the fire sign of Aries as well. There are probably no two planetary combinations that represent greater volatility than Jupiter and Uranus (perhaps Mars belongs in this group too, but that will have to wait until August to set in). We can already see its influence manifesting in financial markets in the past 10 days, from the intraday 1000 point drop in the DJIA on Thursday, May 6, to the 1000 point rally from that low into last Thursday, May 13.
And while all that happened, the Euro currency fell to a new 4-year low and Crude Oil dropped back to 70.00/barrel, when just the prior week it was trading at its yearly high of 87.15 and Gold soared to a new all-time high on Friday, just below $1250.00/ounce.
We are entering the fourth layer of this spectacular and bizarre portal. The rules that worked before don’t work now. But that doesn’t mean that there will not be exceptional trading opportunities. To the contrary, the most exceptional trading opportunities of a lifetime are unfolding now. Unfortunately this also means the risk of loss is greater than ever before too. If you don’t understand Astrology, you might start to think that the world and its leaders have gone mad as a Hatter, and Alice really is the leader of the Tea Party (is he really the only sane one?). It can make for great entertainment if you can remain detached and keep your wits about you.
The only thing is that I don’t think Mother Nature is viewing this craziness with much sense of humor these days, certainly not in regards to deep sea oil drilling. This can be a time for laughter, if you can remain detached, but it can also be a time for tears, caused by senseless and careless behavior leading to accidents and loss of life.
Yet Pluto in Capricorn will hold one accountable to all behaviors now, even the Mad Hatters of government and big business (they are all in it together, including the Freddies and Fannies) as well as Alice and her Tea Party, and Robin Hood too. As Yogi Berra once said: “It’s déjà vu all over again.” Only in our self delusion, we may think that “This Time It is Different.” In some ways it is, but in terms of the outcomes, it’s not.
Take your risks, but keep them measured. Keep your seat belts fastened. There are a whole lot more surprises and revelations coming up on this roller coaster ride through the Wonderland of the Cardinal Climax. It is turning out to be everything it was hyped to be.excerpt 2
|MONDAY, MAY 17, 2010|
INVESTOR SENTIMENT READINGS
High bullish readings in the Consensus stock index or in the Market Vane stock index usually are signs of Market tops; low ones, market bottoms.