Last week, the fault lay with the physician and not the medical science! My own inadequate understanding of clusters of geocosmic signatures and the effect of orbs of trading days were one of the causes of some faulty conclusions. I hope to rectify these from this week onwards. My only consolation is that we have come quite a distance from the first blog days in terms of our understandings of the market from an astro technical point of view...
May 14 to 18, 2012
Moon crosses the Equator from South to North on May 14th. This could signal a short term reversal of trend.
May 13th is the third quarter moon. One week before the New Moon. Since the Super Full Moon did not stop the down trend, it is sometimes seen that the next quarter moon could act as trend slowing factor, Super Moon (when the Full Moon coincides with Perigee-Moon being closest to the Earth, excitability could be at its highest. This could be one reason that the trend simply accelerated downwards past the Full Moon.
Moon will be the farthest from the Earth on May 19th.Excitability and volatility could be expected to be at its relative lowest by the next weekend.
On May 13th to May 21, Moon`s True Nodes turn into their customary retrograde motion. This is also taken as a reversal indicator of price trends.
On May 14th and 15th, Moon is in Pisces with the Sun in Taurus.( Both are Sayana positions.) Markets could reverse direction for the short term, because of Pisces being a watery sign.
On May 16th, 17th and 18th, Moon is in Aries with Sun in Taurus. This also corresponds to a short term trend reversal from a trough.
So, most of the lunar aspects are indicating that a short term trend reversal is on the cards. But as traders, let us wait for the price action to confirm this probability. If the price closes above 4969, possibly we should watch closer to see whether shorts should be reduced.
May 14 to 18, 2012
The week begins with a powerful Sun-Jupiter conjunction. Sun has started separating from Jupiter in fact. Saturn is at an evil 150 * away from Sun and Jupiter. This could reduce the reversal effect, but it still may have a positive influence .Effect is generally in four trading days. This also seems to spell reversal.
On May 17th, Retrograde Saturn and Retrograde Venus form a waning trine ( 240*) from Gemini to Libra. Generally this correlates with longer cycles forming a trough. Effect is seen within 5 to 12 trading days. This could indicate markets rising this week only to weaken next week or the week after next into a trough, marking the end of a rather long weekly cycle which began on December 23, 2011. Current week is the 20th. Usually the cycle stays within 15 to 19 weeks. Since this cycle has expanded or elongated Iam wondering if any other underlying long term cycle is causing the distortion? After all we have some pretty strong signatures coming up in the rest of the month and in June 2012.
On May 16th, 2012, Mars forms a waning trine with Pluto. This is the return trine formation. In March, when the Grand Trine was formed, Mars was retro and Pluto was direct. Now it is vice versa. This also points out to a cycle culmination within 7 trading days. Especially, if prices are falling into this trine band. So observation meant for Venus-Saturn trine holds good here as well. See the price chart for better illustration.
Venus goes retrograde on May 16th.It becomes direct on June 28th, 2012. Generally Venus Retrograde suggests reversals from a crest formation but if prices are falling into the retrograde period, then troughs are also likely. Again 4 trading days is the orb. What is of significance is that several separate astrological aspects indicate a short term reversal from the current downward direction and then a bigger trough formation later in the month. (Price must confirm all of these observations. This is why I trade by my red and blue lines in my charts and wait to see these events unfolding, to add to my confidence.)
Critically, Uranus and Pluto have started to come closer. They will be within 2 degrees on May 17th, 2012.While I do not expect any immediate trading issues, economic and financial cycles of long term nature could get affected and the effects will start manifesting in the months to come. Saturn and Jupiter being in QC (150* apart) also weakens the investment climate.
As per KP,Ayanamsa, Saturn will retrograde into Virgo on May 17th, 2012. This backward motion of Saturn could cause pessimistic movements in the markets next week.
As per Vimshottari dasa, Venus Antara of Ketu Bhukthi, Rahu Maha dasa ends of May 17th. Up to June 06th it is Sun Antara. Sun is currently in the 10th as per transit. Towards the fag end of the Antara period, Sun will conjunct, natal Jupiter and also move into the 11th house of Nifty Futures chart. So closer to June 6th, maybe there will be some recovery after some fall before?
In a nutshell, my take is to wait for the price to bottom out and turn up probably on Tuesday. Temporarily cut some shorts and ride the bull upwards, on double confirmation of prices, as suggested in other charts posted today.. Depending on price position on Friday, reduce the longs and exit all positions.