EXERPT:
http://www.stariq.com/marketweek.htm...The story is that in times of uncertainty, Gold and the US Dollar are seen as safe havens. But we have been in a time of uncertainty for quite some time now, and the Dollar has gone opposite metals for most of this period, as would be “normally” expected—except under Mercury retrograde, when the “norm” is no longer is reliable.
Short-Term Geocosmics
The Mercury retrograde period ends this weekend, February 1. However, it may take all of this week before markets return to more normal technical conditions, especially given that the Employment and Payroll reports will come out Friday, February 5. If that is not enough to make the market on edge, consider also that Saturn will makes its second of five oppositions to Uranus that day, and Venus will complete its “translation” of the Saturn, Uranus, Pluto T-square then as well.
------As stated last week, “… but more relevant to market reversals is the translation of Venus to the developing Cardinal Climax planets of Saturn, Uranus, and Pluto. These three planets are moving towards an 80-90 year T-square configuration with one another. From January 22 through February 5, Venus will first conjunct Uranus (January 22), then form an opposition to Saturn (January 24), and finally a square to Pluto (February 5)…. Thus these markets either reverse in this time band (January 23-26), or else they break down and enter a “panic” phase, which has been the pattern with these translation periods in about 80% of cases in the past year.”
This week is important. Will the lows of January 23-26 hold? Or will they break and be followed by yet another panic? The answer will tell us something about the status of the longer-term trend. I have my bias, which will be shared with subscribers in this week’s weekly report.
Longer-Term Thoughts
What ARE they thinking? The economy is headed into its deepest recession since the 1930’s, the stock market has suffered its greatest decline since the 1930’s, and the government has taken nearly $1 trillion of taxpayers’ monies to “rescue” the banking and financial services industry that is perceived to be at the root of this problem. And what do these Wall Street and banking firms do with that money? They give bonuses exceeding $4B to their executives and buy new corporate jets for travel convenience for these same executives.