well, i've asked about this before, and i'll tell ya it causes worry for nothing...lol
i have no water in my chart, and yet! i cry at the drop of a hat and am a very emotional person...BUT, i also have neptune on the MC & Moon conj Pluto (which gives me a rather Scorpion-type moon)...so, there's definitely compensation going on there...
what i find interesting is that often i've heard a lack of water signifies (possibly) having trouble COMMUNICATING your emotions, which is utterly true for myself...i'm terrible at communicating them, however i do feel them to the nth degree...
so, lacking an element isn't really that big of a deal, i think it just lends more "colour" and "weight" to your chart...makes it more interesting...
many blessings,
~azure
p.s. i was actually told once, "thank god you have that earth there, venus in taurus, jupiter in capricorn, blah blah blah"...i'd be just as happy if they were in fire or air signs, really...but i do like their placements, afterall, they make up the uniqueness that is ME...
never "dislike" your chart, b/c in essence you are then "disliking" yourself...embrace your chart and make the best of it! that's what i think is most important...there are no "bad" aspects...it's all what you make of it!