Financial / Stock market forecast for the week – September 24
There was a T-square between Sun-Mars-Pluto last week too, the midpoint of which occurred on September 19. That happened to be the day that several indices made their high of the week. It was expected to be extremely bullish or bearish market. I forecasted for bearish market last week. It seems to be long term bullish story. And that makes this stressed aspect as a bull supportive aspect.
FED Funds lowered its rate on Tuesday by a half percent, when most were expecting a reduction of only a quarter percent. It could be really risky decision in long term. Subsequently, Crude oil and wheat are making all-time highs. Gold is back to its highest level in 27 years. And the Dollar has fallen to a new historic low against the Euro currency.
In the Far East and Pacific Rim, the stellar equity performers were in Hong Kong and India. The Hang Seng skyrocketed to a new all-time high on Friday at 25,893. India’s NIFTY index was right behind, soaring to its highest level ever at 4855 on Friday, up over 21% since August 21.
Astrologically, this bullishness can be explained by Mercury movement ways. Heliocentric Mercury in Sagittarius (September 11-22) and the Moon in Sagittarius (September 17-19, also known as the “Sagittarius Factor”). Remember Sagittarius and its ruling planet Jupiter has in common the theme of exaggeration and expansion. It is not so unusual to witness strong rallies (or collapses) when the two ingresses are happening simultaneously.
For this week, the major geocosmic indicator will occur on Friday, September 28, when Mars moves into Cancer. Mars will stay in this emotional sign until May 9, 2008. It is very long time for Mars in a house. This movement can help the market to be less bullish than Mars in Gemini. Another big event of the week is full moon in Aries on September 26. This full moon is happening near T-square of Sun-Mars-Pluto. It could lead to volatility in market.
In conclusion, the week ahead can be volatile near September 26 and 28. On all other days, geocosmic energy seems to be bullish.
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