On March 14, 1873, Saturn moved into the sign of Aquarius forming a very unfavorable aspect (opposition 180 degrees) with Uranus in 2 degrees Leo. This secondary factor indicated that this country was due for a financial depression of large proportions; a fact which was indicated six months in advance of the actual crash on September 18, 1873, following the failures of the then well-known firms of Kenyon, Cox and Co., the New York Warehouse and Security Co. and Jay Cook and Co. This was one of the worst panics since the War Between the States as it was both a commercial and a Stock Exchange panic. On September 20, 1873, the New York Stock Exchange closed its doors for the first time in history and remained closed for ten days.

Was the crash of September 18, 1873, predictable in advance? Yes, by this theory of forecasting the Stock Market, it was.

Monthly trend changes are pointed out at the lunation which occurs each month at an interval of twenty-eight days. The lunation is the conjunction of the Sun and Moon or the "New Moon'" each month. September 18, 1873, occurred three days before the lunation for September; therefore, the crash of September 18,

1873, was shown in the preceding lunation for August, which fell on August 22, 1873, in 29 degrees Leo in square aspect (90 degrees) to Mars, (one of the planetary rulers of the mid-heaven of the New York Stock Exchange Chart) and in square aspect to Pluto and the North Node which were also in conjunction with each other. Any planet in conjunction with the North Node has a marked effect on business activity and Stock Market trends and if it is present it is a secondary factor that must always be taken into account when analyzing business conditions or the Stock Market averages.

The presence of this secondary factor, Pluto in conjunction with the North Node, indicated a decided change coming in the trend of business and Stock Market prices. Taurus is one of the signs of transition on the Business Cycle Chart and since it is the sign showing the trend from ''Normal" to "Below Normal" business, this aspect corroborated other testimony that the country was on the verge of a financial crisis accompanied by a slump on the New York Stock Exchange. The crash, however, did not come until the Moon passed over 29 degrees Leo which occurred on September 18, 1873. The Business Curve dropped during the year from a high in March of 15 points above normal to five points below normal

The Business Curve continued to move downward all during 1874 and 1875, until at the end of 1875 business activity was standing at 13 points below normal. During the first half of

1874, Uranus and Saturn were in opposition to each other and in square aspect (90 degrees) to the North Node and Neptune, one of the rulers of the New York Stock Exchange Chart.

On August 16, 1874, the North Node moved into the sign of Aries and the economic curve was downward in trend until the "Below Normal" point was reached on September 22, 1877, when the North Node moved into Aquarius, which is the sign on the low point of the Business Cycle Chart

Rail stocks were at a low ebb during 1874. Cotton and wheat prices also were depressed and a record number of failures took place. During October, November and December of 1874, the North Node was in conjunction with Neptune, an unfavorable secondary factor which was manifested in a two point drop of the Business Curve which was carried through 1875,

In the fall of 1875 the Business Activity Curve turned downward six points as Mars and Jupiter formed unfavorable aspects to the unfavorable secondary factor (Saturn in Aquarius in opposition to Uranus in Leo), already in existence. Mars was in conjunction with Saturn opposition Uranus, and Jupiter was square aspect to all three planets.

The depression carried through 1876 and 1877, as the North Node entered Aquarius, the low point on the Business Cycle Chart. The North Node in Aquarius was in opposition to Uranus in Leo and this secondary unfavorable factor caused the Business Curve to drop around iy2 points bringing business activity to 13 points below normal through January and February, 1878, while the aspect was in effect.

In the spring of 1878, the Business Curve moved upward four points as die unfavorable secondary factors disappeared. In the fall of 1878, the favorable secondary factor, Jupiter in Aquarius in conjunction with the North Node, lifted the curve another point and one-half which brought the curve between 7 and 8 points below normal by the end of the year.

During January, February and March, 1879 the Business Curve receded four points as Neptune in Taurus was square the Node in Aquarius. This brought business activity down to 11 points below normal.

On April 13, 1879, the North Node passed out of Aquarius into the sign of Capricorn which indicated that the Business Cycle was now in a slow uptrend swing from "Below Normal" to "Normal" as is shown on the Business Cycle Chart. The normal or transition point was reached when the North Node passed into the sign of Scorpio, three years later, on May 19, 1882.

When the North Node moved into Capricorn in April, 1879, it formed a very favorable aspect (trine 120 degrees) with the powerful planet Pluto. The presence of this strong secondary factor indicated a sharp upturn in business activity and this factor carried the Business Curve from 11 points below normal to normal by August of the same year. This upturn in business was the beginning of a three year boom, known in financial history as the "Gold Resumption Prosperity Period/'


PERIOD 1879-1883

Although the influence of the powerful secondary factor, Pluto trine the North Node, diminished in October, 1879, three other favorable secondary factors were present, Uranus, Neptune and Mars trine (120 degrees) the North Node with Mars and Neptune in conjunction with each other and in favorable aspect to Uranus. The Business Curve, as a result of this concentrative power, continued to rise through the fall of 1879 and by December stood at nine points above normal. This was a 20 point rise in business activity in nine months.

The Business Curve rose two points through January and February, 1880. In March, 1880, an unfavorable secondary factor, Saturn square (90 degrees) the North Node, came into effect. The Business Curve dropped six points through September, 1880. Saturn was also in sesqui-quad rate aspect to Uranus during these five months* This combination of unfavorable secondary factors would have caused a greater drop in business activity had not Uranus also been in trine aspect (120 degrees) to the North Node which was a very favorable secondary factor present that kept business volume above normal.

Stock and grain prices went lower" under the slightly unfavorable aspect Saturn sesqui-quadratc Uranus. Saturn passed through Aries from May, 1878 to April, 1881. In this sign position, it passed over the mid-heaven of the chart of the New York Stock

Exchange and daring this period affected the major trend of the Stock Market by keeping stock prices lower than they ordinarily would have been during this two and one-half year period.

On October 31, 1880, the North Node moved into Sagittarius forming a favorable trine aspect (120 degrees) with Saturn, which in itself was in semi-sextile aspect (30 degrees) to the powerful planet Pluto. This combination of favorable secondary factors sent the Business Curve upward seven points through the fall and January, 1881» at which time the Business Curve was standing at 12 points above normal. There was a decline of three points from this business prosperity high through May, 1881.

In April, 1881, both Saturn and Jupiter, which were in conjunction in Aries, moved into the sign of Taurus where they were still in conjunction with each other, besides being in orb of an approaching conjunction aspect with Neptune, also in Taurus, and in orb of a trine aspect (120 degrees) with Uranus. This was an unusual configuration of planets since five major planets were in earthy or materialistic signs. They were Jupiter, Saturn, Neptune and Pluto in Taurus and Uranus in Virgo.

Through history and research it has been found that when several major planets are in earth signs at the same time, that men's minds turn toward the getting of material things in life and, therefore, business activity and volume increases.

Business activity stayed around 11 points above normal throughout the year of 1881. There was a two point drop in the summer and fall as Uranus was in square aspect (90 degrees) to the North Node. This unfavorable secondary factor would have pointed out more of a drop in the Business Curve, if four major planets had not been in favorable aspect to each other, while all four planets were in earth signs—three of these planets, Neptune, Saturn and Jupiter being in the financial sign of Taurus.

During January and February, 1882, the Business Curve recovered its two point loss and the top of this rise was 11 points above normal where the Business Curve remained through March and part of ApriL

On April 22, 1882, the expansive planet Jupiter moved into the sign of Gemini, the sign which has part rulership over the United States, together with the sign of Cancer. At the same time Jupiter formed a square (90 degree) aspect with the North Node. This caused the curve to turn downward slightly. On May 19, 1882, the North Node moved into Scorpio, the sign on the normal point of the Business Cycle Chart, As Saturn was still in Taurus, it formed at this time an opposition (180 degree) aspect with the North Node which lasted through August, 1882. This unfavorable secondary factor caused the Business Curve to drop six points.

Through the fall the Business Curve turned upward and regained four points of its loss by December. In January, 1883, the Business Curve turned downward and marked the beginning of the long, and slow depression from 1883 to 1886 which has come to be known in history as the ''Depression of 1884."

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