Dr. Arthur F. Burns, former Chairman of the President's Council of Economic Advisers, and considered to be the world's foremost authority on business cycles once observed -"Economists have not yet evolved, if they ever will, a technique for making dependable forecasts." Economic activities are peculiarly concerned with the future and forecasting is of the essence of such activities. Men in business are constantly obliged to consider the future. In fact, their prosperity is dependent chiefly upon their ability of successfully foresee economic developments.

In fact, recessions begin and end in the 'minds of men'. The ups and downs of the Business Cycle, the Stock Market, Gold, Silver, Real Estate, etc., are caused by men. And since the actions of men are the result of their thinking, be it positive or negative, the cure must lie in a change of thought. Economics and psychology go hand in hand. Hence the need for studying Economic Psychology, and the oldest technique for this study has been indicated by Dr. Carl G. Jung of Zurich, Switzerland, one of the world's greatest psychologists, who has stated, "Astrology represents the summation of all the psychological Knowledge of Antiquity."

Scientists today cannot look down on astrology; instead, they must raise their eyes to take in the higher horizons that astrologers have preserved for them. Astrology is one of the most important fields for scientific research to-day, and one of the most neglected.

Despite all the computers and all the fundamental and technical analysis, investor psychology is still the most significant factor in market behaviour. Actually, so-called technical analysis is simply an attempt to measure and evaluate on a mathematical basis, the psychological condition of the market.