January 29, 2006

Stocks rebound

After falling almost 4% the week before last, stocks staged a comeback and recouped their losses last week. From my perspective, this wasn't entirely expected, although Mercury has yet to move deeply into the 8th house. It's possible that the drop Jan 16-20 will be the extent of the decline as predicted by Crawford but I think there will be volatility in the week upcoming. Look for some downward pressure on prices as Mercury moves past 25 Capricorn.

As is usually the case, assessing contradictory planetary forces is never a straightforward thing. So while Venus stations on natal Ketu and Mercury and sun move into the troublesome 8th house, benefic Jupiter is approaching a trine to the ascendant at 25 Gemini as it moves towards a retrograde station on March 3. The strength of this slower moving aspect will certainly overpower other short term stressful influences so February may see a general uptrend.

Of course, the deeper metatheoretical question is: does this NYSE composite chart even work? The price movements in the next month or two should tell the tale.

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