Sunday, May 6, 2012

Ray Merriman

As Venus prepares to retrograde, it would be smart to check in with Ray Merriman.

Here is a snippet.  Go HERE for the whole article.

Let’s take a couple of examples from last week’s market activity. On Tuesday, May 1, the Dow Jones Industrial Average soared to its highest price in 4 years. After making a 3-month low just three weeks earlier on April 10 (nearby to Mars turning direct), this would appear to be a bullish chart pattern to most market watchers. But also on May 1, neither the S&P nor NASDAQ futures were able to take out their recent highs of late March and early April, which created a case of intermarket bearish divergence. Still, they looked healthy and as if they would make new highs – until Friday. And then everything changed as the NASDAQ fell to its lowest price since early March. The DJIA plunged 168 points and the S&P futures fell 23-1/2 points. The decline in the DJIA is within a normal 38-62% corrective pullback of the move up from April 10, which would seem bullish. But in the NASDAQ, the pullback was closer to 100%. Those with a bearish bias would see the NASDAQ as bearish and those who with a bullish bias would see the DJIA as undergoing a normal corrective decline. Financial astrologers would be wondering: what is Neptune doing? Neptune is not doing much, but Mercury is in opposition to Saturn as we head into the weekend of a Taurus-Scorpio full moon. Monday and Tuesday finds the Moon in Sagittarius too (the “Sagittarius Factor,” and maybe big range days). This can be stressful and a sign of worry and apprehension. But the “magnet” pulling prices down is Venus about to turn retrograde on May 15. We are within days of that cosmic event now, which is close enough for it to have an impact on market behavior. Once this energy reaches its climax that is due within two weeks of May 15, history says there is an approximately 75% probability of a big reversal


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