and it's conjunct my Venus?! Just shoot me now. I have Chiron in the seventh conjunct the sun, sun squares, Venus/Saturn square, Moon opposed to Venus... and then this?!
I just have NO good aspects in the seventh.
This star makes vivid, intense people. The freedom-fighter Joan of Arc (Algol conjunct Saturn) was burnt at the stake. The dancer Isadora Duncan (Algol conjunct Pluto) died as her scarf caught in the car rear wheel. The ballet dancer Margot Fonteyn (Algol conjunct Mars) had a husband who was shot in the neck, leaving him paralysed: he had to watch her wonderful movements, himself immobile. John Lennon (Algol conjunct Uranus) was shot in the back. Stephen King (Algol conjunct North Node), master of horror, whose books keep turning into films, nearly died after being run over by a truck, and should have died, but somehow recovered. Heart-throb Johnny Depp (Algol conjunct Venus), had to grapple with a headless fiend in Sleepy Hollow, and found out who Jack the Ripper was, in From Hell.
"This star seems to contain immense female passion and power" wrote Bernadette Brady. She added:"Algol represents a strong consuming passion that may devour you with anger and rage. If one can contain an unconscious compulsion to take revenge, and from that passion return a more productive outcome, Algol is one of the most powerful stars in the sky. Whatever planet it affects in your chart will be charged with strong, intense sexual energy that has the potential to be wonderful, of if repressed, to lead to rage or violence." 
Brady's words apply to Picasso, but in a rather unpleasant manner, as (one gathers) he used to give a picture to husbands whose wife he seduced. They also apply to Princess Diana (Algol conjunct Venus) who kept a vibrator sex-aid device as her lucky mascot, which had to accompany her on official visits. 
Diana described life with her husband as "real, real torture". She found death with her true love, mangled in metal.
According to Diana Rosenberg, Algol in a chart doesn't necessarily mean that one will inflict or be the victim of horror and mayhem:
"you will not be able to ignore suffering and horror, or brush it aside... The Algol placement on a chart insists upon a confrontation and assimilation of these harsh aspects of human experience in this lifetime. Some of the fixed stars are harsh, yes. But to a purpose. Each defines an area that will be tapped for good or ill; the tests are intense and unavoidable. Algol, like other stars, confers tasks upon us which, if comprehended and accepted, offer great rewards of power and creativity. These stellar challenges are not to be feared, but understood and used in a positive manner."