The extremely negative astro aspects in the first part of August did not seem to work too well. However according to Larry Pesavento there was a big one on August 11, 2010 which did show a big drop in the market and there is another one on August 26, 2010.
From my understanding the August 26, 2010 aspect is many orders of magnitude greater than all the previous ones. Apparently it is also possible this date could coincide with some type of ‘event’.
After reviewing all my charts and the bearish MACD and Histogram setup, the cross over the zero line down and the bearish McClellan summation index, the VIX and the Bonds, it looks like this market is going to make a major high volatility low right into August 26, 2010. If short the market now (I am as of 8/19/2010), then it looks like August 26, 2010 is the ideal date to close out those shorts as a major possible spike low.
That is my game plan right now. The setup is there, the charts are confirming the Astro timing into the 26th. There are 5 trading days until the 26th (the 26th is the 5th one). A lot can happen in the market during 5 trading days. The price action before and during the May 6, 2010 flash crash was about a 3 day affair. So it would seem 5 days is more than enough time to get this market prepped up for a big drop.
Complacency is everywhere. There is no fear. That is why this market can drop as much as 1000 Dow Points. . .
It is going to be very interesting to see how the price action unfolds next week. I thought end of August was going to be a boring non event. But now I think it could actually be the best market action we have seen in months . . .
Also of interest in case you missed it from the WSJ (abstract).