We might as well take a look at Pluto and see what it's all about, and what it's up to these days...
Hey look... LIAM NEESON is there heaving Breakfast On Pluto... LIAM, Why don't you get with the program, back away from the cornflakes, and RELEASE THE DAMN KRACKEN!...
No doubt that Pluto is wild and crazy place... OK... Enough COMEDY JOKES!... Hell, I thought that recently astronomers were talking about how Pluto wasn't even an official planet anymore... It's too small or something... And if that's the case, why should it figure in astrology? It wasn't even discovered until 1930 (probably an insignificant year stock-wise)... So how can ALL OF HUMAN HISTORY prior to 1930 have any application to Pluto? Of was the "telling" of history retrofitted to the discovery of Pluto?
Anyway - This is how PLUTO is supposed to matter (size notwithstanding)...
Pluto is the agent of transformation and rebirth. It is connected to death and it can sometimes lead us to encounter and deal with death in the world. However, physical death is just one of the many layers of meaning in Pluto. It is about endings that reach so deep they spawn a regeneration process. Transformation is the transition of change between the old and the new; between death and rebirth. Pluto's endings are a necessary end to what was, in order to release energy which then fuels the transformation process and then facilitates the rebirth into a new form.
* July 30-31, 2010: This marks another intense few days. Mars joins Saturn at 0° 49' Libra, opposing the Moon, Jupiter, and Uranus in Aries and squared by Pluto. Again, large masses of people may be affected by so much planetary energy concentrated near the cardinal points. Since cardinal signs are action-related, there may be a lot of people on the move (demonstrators, troops, refugees). The Mars-Saturn conjunction is on the Midheaven in Indonesia, China, and the South China Sea, creating conditions for a crisis in that area.
* August 6-7, 2010: A cardinal grand cross is formed, involving Jupiter-Uranus in Aries, Pluto in Capricorn, the Moon in early Cancer, and Venus joining Mars and Saturn in early Libra. The Sun at 15° Leo makes stressful aspects (45°/135°) to the entire grand cross. We'll need to remain calm and balanced to deal with the relentlessly stressful aspects this summer. The electricity grid may be threatened; unusual Earth or weather changes could be part of the picture.
Since CV sucks at stocks charts, I decided to re-apply my energies into doing astrological charts... My first effort is on this "Cardinal Cross" thingy... So - Here it is, I think there ought to be something in there for everyone...
And OK... If 1065 does, in fact, happen to be important... What's wrong with this scenario? The LD was broken on the upside (but that happens all the time, and as of this point, it's wavering and is screaming OVERBOUGHT)... Also, the 50MA is comfortably within the boundaries (perhaps heading towards the apex)...
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Just for good measure...
Laughing at hatches (reminds me of LOST!)
No biggie but fyi:
Tuesday, July 27th, 2010, 3:09 pm
Each of the "big-four" banks, Bank of America (BAC: 14.20 +0.35%), Wells Fargo (WFC: 28.38 +1.68%), JPMorgan Chase (JPM: 40.68 +0.87%) and Citigroup (C: 4.17 +0.48%) released quarterly earnings reports for Q210 in July, reporting a total increase of $9.5bn in nonperforming or foreclosed properties from the same quarter last year.
Each bank categorized the foreclosed properties into different definitions, and some include commercial properties.
http://www.housingwire.com/2010/07/27/big-4-banks-add-9-5bn-in-nonperforming-foreclosed-properties-in-one-year
Yeah, that "Horn of Africa" can be a killer.
If you hadn't, CV, it would have been me, again! Too bizarre.. I don't even keep track..
Anybody want to take any bets as to whether we GAP DOWN tomorrow morning?
It sure would be a nice place to leave a gap...
It would practically INSURE that on any move down, we'd have to come back up to fill it in short term...
REST OF WEEK
- Wednesday/Thursday (nervousness that "rumors" that the GDP number was leaked and it going to come in WTE - jobless claims on the rise - LIBOR at alarming levels)...
Weakness thru Friday...
Friday... MEH...
and Bob Pisani comes on TV and says...
"the markets are digesting this move in an impressive way"... we rally back...
July over - put it in the (cooked) books...
@Amen
Why Death Cross Must Be Beaten by Golden Cross
http://www.cnbc.com/id/38409381
So there you have it... a new "MUST" mantra...
MUST... BEAT... DEATH... CROSS
lol
As far as CV is concerned...
If they're so worried about BEATING THE DEATH CROSS, and so confident in their bullishness that they can achieve it...
Why not go right back down now and re-test 1082... bounce back... and do it then?
I mean, even the Spartans took some time in between their battles with the Persians...
1082 is where the 50MA is right now
CV
Figured they would use that as their new cheer.
Pluto is still a planet. Only four percent of the IAU voted on the controversial demotion, and most are not planetary scientists. Their decision was immediately opposed in a formal petition by hundreds of professional astronomers. One reason the IAU definition makes no sense is it says dwarf planets are not planets at all! That is like saying a grizzly bear is not a bear, and it is inconsistent with the use of the term “dwarf” in astronomy, where dwarf stars are still stars, and dwarf galaxies are still galaxies. Also, the IAU definition classifies objects solely by where they are while ignoring what they are. If Earth were in Pluto’s orbit, according to the IAU definition, it would not be a planet either. A definition that takes the same object and makes it a planet in one location and not a planet in another is essentially useless. Pluto is a planet because it is spherical, meaning it is large enough to be pulled into a round shape by its own gravity--a state known as hydrostatic equilibrium and characteristic of planets, not of shapeless asteroids held together by chemical bonds. These reasons are why many astronomers, lay people, and educators are either ignoring the demotion entirely or working to get it overturned.
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