NY starts the week at 11,951/1288. This looks like another negative week upcoming as a number of hard aspects are perfecting. In the background there is the promise of some upside as a harmonically favourable relationship between Jupiter and Uranus is forming. I still think this has another week to go before we see any big upwards movement from it, however. Monday should decline by at least 1% as Mercury opposes Saturn. Friday also looks quite bearish. I think we'll see new intraday and closing lows (below 11,500/1270) at some point in NY in the week, possibly as low as 11,250/1250.
Tokyo and Bombay will follow suit . The Nikkei starts at 12,241 and is already down below 12k in early Monday trading. I think we'll see a range from 12,500 to 11,400 during the week and it will close below 12k by Friday. The Sensex opens at 15,760 Monday and will likely finish below that level by Friday, possibly near 15k. A range between 16,200 and 14,500 is possible.
The Euro continues on its bull run this week and into the Spring. Monday and Tuesday look fantastic and we should see at least a 2 cent gain in those days, perhaps getting us as high as 1.60 by week's end. We are in good position to ride the Euro significantly higher by May.
Oil is due for a pullback this week as tr Sun squares Ketu and Neptune while Mercury and Venus square Uranus-Jupiter. While some new intraday highs above $111 are possible, I think the safer bet is the downside, perhaps as low as $105. And given the recent speculative volatility of this market, I would not be surprised to see crude to fall below that.
Gold is shining brightly this week and will add to last week's historic gains. While we may see lows in the $990 range, it will close above $1010 by Friday, probably at least $1020-1030.
