History of the star: A star cluster in the sword hand of Perseus the Hero. M34 (NGC1039) is a fine open cluster scattered over 35 arc minutes, more than the diameter of the full Moon. It contains about 60 stars, about 10 bright stars are noticeable with lots of faint stars as a background through binoculars.

[Star Names, Their Lore and Meaning, Richard Hinchley Allen, 1889]

The astrological influences of the constellation: It gives an intelligent, strong, bold and adventurous nature, but a tendency to lying.  By the Kabalists it is associated with the Hebrew letter Lamed and the 12^th Tarot Trump "The Hanged Man". (Fixed Stars and Constellations in Astrology, Vivian E. Robson, 1923) 

The constellation is indicative of events effecting large numbers of people, especially those events caused by major meteorological phenomena. When prominent in a natal chart it is said to denote adventurous individuals, but also those who are less than honest in their dealings with others. (Fixed Stars and Judicial Astrology, George Noonan, 1990).