The Uranus Pluto square theme is gaining prominence.
The global economic situation is worsening.
Stimulus efforts which yielded results in the past are not working as strong now.
The surge of relief from the Euro Summit is fast waning off, as the fine prints are coming into focus. More and bigger bank frauds are getting exposed. Spanish Bond yields have gone back to 7%.Two rate cuts by China, an extension of Operation Twist by the Federal Reserve, record rate cut by ECB and a $77.6 billion quantitative easing did not increase the confidence of the markets.
Our markets have held up far better than most others. But will this sustain?
It is against this back drop that we look at our market this week.
Here is the very short term wave picture…
The medium term weekly looks like this…..
And of course the Astro picture….
On July 09, 2012, Moon is in Jupiter star, in the 8th house, till 12.30 pm. Moon crosses the equator upwards, signaling a minor reversal. So we can expect a negative start and a recovery in the second half of the session, post lunch.
On July 10, 2012, Moon is nearly conjunct Uranus and it is in Saturn star. So the market could go up till Moon enters Mercury star by about 14.30 hrs. Since Mercury is in the 12th, maybe a reaction could be expected.
On July 11, 2012, Moon continues to be in Revathi (Mercury star) and forms an opposition to Saturn. It is also the first quarter Moon day. The lunar nodes are turning direct today and will be so till July 14th.Mars is in trine with Rahu and Ketu. Three malefics colluding! The Sun Square Pluto and Uranus gets triggered in today (after the orb period of 8 days.) So the reaction of yesterday could deepen today. Check the Technicals and act accordingly. Short term traders may cover their shorts at the fag end, because it is a Ketu day tomorrow (July 12, 2012).
On July 12, 2012, Moon is in Ketu star. It is also sextile to Neptune. Uranus begins a sextile with Jupiter. Mars also moves into a trine orb with Jupiter. So this could be a green day.
July 13, 2012, Moon is into Venus star. (Bharani.)Venus is in sextile formation with Mercury. But I think it is a mixed blessing and not purely bullish. So despite profit taking Nifty might hold up. But be careful. Mars is about to form a big, nasty square with Pluto and an opposition to Uranus early next week. And during the weekend Sun will form a square with Saturn. Uranus will turn retrograde on Saturday, July 14th.And Mercury will turn Retrograde on Sunday, July 15th. I won`t be surprised if some effects of his show on Friday itself. For short term trades, if Technicals confirm then it is better to get out of long positions in the weekend.
The possible quantification of the movements, up and down have been illustrated in the charts itself. Astrology can at best be a leading indicator. Always, always,wait for price confirmation before committing your money, please.
Have a wonderful trading week!