FINANCIAL CYCLES WEEKLY UPDATE #0402 – January 11 - 17, 2004 with TIM BOST

COMMENT: President Bush seemed quite pleased at December’s unemployment numbers when he spoke to a group of small business owners late last week. He announced that the drop from 5.9% down to 5.7% in the unemployment rate was “a positive sign that the economy is getting better.”
In actuality, however, the decline in the unemployment percentage was largely due to an increased number of jobless workers who have thrown in the towel and given up the job search altogether. When they stop their fruitless search for work in exasperation, they drop off the official unemployment rolls and the government numbers respond accordingly. Needless to say, not many of these frustrated nonworkers were particularly assuaged by Mr. Bush’s proclamation. Neither was Wall Street, for that matter, especially since the economic pundits had forecast the creation of at least 150,000 new jobs in December, and only a mere 1,000 were actually added to the economy instead.
The ensuing slide in stock prices on Friday didn’t quite erase all the previous gains of the week, but it was a sobering event nonetheless, especially since the currency markets saw through the unemployment numbers, too—the euro hit yet another new high against the dollar. But in our reckoning it was the energetic combination of the stations by Mercury and Zeus, along with the Full Moon and the Sun/Chiron conjunction, which provided the real impetus that gave the market pause. As we noted last week, “these could be enough to trigger a short-term trend reversal in equities,” and that certainly proved to be the case.
The real point here is that no matter how agressively stock prices run up and no matter how many points of light appear on the economic horizon, the remaining economic weaknesses are persistent enough to give the markets some much-needed reality checks. When they come, however, it’s a good idea to have our trading plans clear and our stops in place.
And we can’t really blame the President if he doesn’t quite understand the implications of economic numbers. After all, he’s got his mind on going to Mars. With transiting Mars in opposition to his natal Moon/Chiron conjunction, along with transiting Cupido square his natal Mars and trine his natal Mercury, his preoccupation is perfectly understandable. For that matter, we’ll be thinking about the planets, too—but in ways that make for more profitable trading.


THE WEEK AHEAD

The coming week brings a good flow of earnings reports, including ones from SunTrust Banks (STI), M&T Bank (MTB), Accenture (ACN), BB&T Corporation (BBT), Linear Technology (LLTC), Genentech (DNA), State Street (STT), Intel (INTC), National City (NCC), Bank of American (BAC), Yahoo (YHOO), FleetBoston (FBF), Fifth Third Bancorp (FITB), SLM Corporation (SLM), PPG Industries (PPG), Southtrust (SOTR), Sun Microsystems (SUNW), Wachovia (WB), Abbott Laboratories (ABT), eBay (EBAY), Forest Labs (FRX), Key Corp (KEY), and General Electric (GE).
The economic numbers coming out this week will include the November Balance of Trade, the December Producer Price Index and Consumer Price Index, December Retail Sales, December Industrial Production and Industrial Capacity Utilization, November Business Inventories, the December Treasury Budget Report, the January Empire State Index, and the preliminary Consumer Confidence numbers for January from the University of Michigan.
The week’s astrological action is dominated by a Venus/Uranus conjunction, an event which typically (about 65% of the time) brings stock prices up. The fact that it is supported by other astrologically bullish factors (Venus semisquare Chiron in right ascension; Venus parallel Pluto; heliocentric Jupiter sextile Saturn) suggests that the corrective action that started in stocks late last week could wind up being very short-lived. Even though we feel there are ample fundamental reasons for being bearish at this time, the overall astrological picture is buoyant enough to keep things looking good for another couple of weeks. That hardly means throwing caution to the winds, however, so we will be extremely careful in setting our stops, especially when long positions are involved.
Have a great week!


ON THE HORIZON

I’m currently putting the finishing touches on a new publication based on some special research I prepared for a group of clients late last year. Strategies for Creating Personal Wealth in 2004 should be ready for distribution in about 10 days; look for details about how you can get a copy in next week’s issue of FINANCIAL CYCLES WEEKLY UPDATE.
The 14th World Conference of Astro Economics is coming up soon—it’s been scheduled for March 20 & 21 at Marco Island, Florida. I’m looking forward to being one of the featured speakers there—this is a great gathering of some of the world’s leading experts in financial astrology and astro-trading, and is sure to feature lots of great new information. You’ll find more details on the last page of this newsletter—be sure to print out a copy and mail or fax in your registration right away to qualify for special discounts available only to subscribers!
PAS Astro-Soft will be sponsoring an extended workshop, May 2-5, 2004 in Orlando, Florida. The program will focus on using the Galactic/Fibonacci Trader software for astrological market analysis. I’ll be one of the featured speakers there as well, along with Thom Hartle, Dennis Bolze, and Ted Phillips. For registration details, contact Linda Long at pas24@aug.com.
Also in May, a group of market analysts and traders will be gathering for the Astrologers Fund Astrology and Stock Market Forecasting Seminar, May 14-17 in New York City. I’ll be joining Christopher Carolan, Tony Kolton, Mitchel Lewis, Alan Reminick, Jean-Francois Richard, and Henry Weingarten as one of the speakers on the program. For more information, contact conf@afund.com.

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GLOBAL EQUITIES MARKETS LAST WEEK

The New Year was scarcely underway when many of the market averages that closed out 2003 with a bang began to falter. The NASDAQ put on a strong showing, however, and Hong Kong also posted solid gains. But the action in the Europe bourses provided a special reminder that stock prices don’t always go up.

Dow Jones Industrial Average – up 0.47%
Dow Jones Transportation Average – down 0.64%
Dow Jones Utilities Average – up 0.20%
S& P 500 – up 1.21%
NASDAQ Composite Index – up 4.00%
Russell 2000 – up 2.56%
London FTSE-100 – down 0.97%
Paris CAC-40 – down 0.61%
Frankfurt DAX – down 0.06%
Sydney All Ordinaries – down 0.08%
Tokyo Nikkei – up 2.70%
Hong Kong Hang Seng Index – up 4.57%
Singapore Straits Times Index – up 3.42%


FINANCIAL CYCLES MODEL PORTFOLIO


POSITION CLOSED DURING THE PREVIOUS WEEK: AA.

We closed one portfolio position during the previous week, with one loser producing a net loss of $150.00.

On January 9 we sold 300 shares of Alcoa Inc. (AA) at 36.60, taking a loss of $150.00 (a 1.35% loss in 9 trading days).


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POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS WEEK: COP, ELUX, CATY.

We bought 200 shares of Conocophillips (COP) at 66.08 on 01/05/04, setting our initial stop at 64.40.

We bought 300 shares of Electrolux AB ADR (ELUX) at 44.30 on 01/05/04, setting our initial stop at 43.00.

We sold short 200 shares of Cathay General Bancorp (CATY) at 56.00 on 01/08/04, setting our initial buy stop at 57.62.


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YEAR-IN-REVIEW MODEL PORTFOLIO ACTIVITY

Based on the Model Portfolio’s composition at the beginning of 2004, featuring positions with an acquisition cost basis of $53,947.50 ($66,022.50 in long positions less short liabilities of $12,075.00), we reduced our cash holdings in the Model Portfolio to $46,052.50 on January 1. This returned the total portfolio value to $100.000.00 as we began trading in 2004.

During 2003 we had a total of 176 completed trades, with 99 winners and 77 losers bringing us a total net profit of $51,717.00. The largest profit for a single trade was $9,240.00; the largest single-trade loss was $1,170.00; the average profit per trade was $293.85. The mean duration of our trades was 10.1 trading days.

During 2002 we had a total of 195 completed trades, with 119 winners, 74 losers, and 2 break-even trades bringing us a total net profit of $50,956.00. The largest profit for a single trade was $5,100.00; the largest single-trade loss was $1,055.00; the average profit per trade was $261.31. The mean duration of our trades was 12.7 trading days.

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CURRENT POSITIONS IN THE MODEL PORTFOLIO

Biosite, Inc. (BSTE) – bought 400 shares at 27.50 on 12/29/03; currently 29.90. Raise stop to 28.15.

Cathay General Bancorp (CATY) – sold short 200 shares at 56.00 on 01/08/04; currently 55.05. Lower buy stop to 56.50.

Conocophillips (COP) – bought 200 shares at 66.08 on 01/05/04; currently 65.43. Raise stop to 64.75.

Costar Group, Inc. (CSGP) – bought 300 shares at 41.05 on 12/29/03; currently 41.03. Raise stop to 40.50.

Electrolux AB ADR (ELUX) – bought 300 shares at 44.30 on 01/05/04; currently 45.31. Raise stop to 43.80.

General Motors (GM) – bought 200 shares at 52.25 on 12/22/03; currently 53.81. Raise stop to 53.00.

Hudson River Bancorp, Inc. (HRBT) – sold short 300 shares at 40.25 on 12/30/03; currently 38.69. Lower buy stop to 40.00.

United Technologies (UTX) – bought 100 shares at 94.25 on 12/22/03; currently 93.52. Raise stop to 93.00.

Yellow Roadway Corporation (YELL) – acquired 350 shares at a cost basis of 32.65 on 12/15/03 through the merger of Roadway and Yellow Freight; currently 37.02. Raise stop to 36.05 on a closing basis.


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ECLIPSE PORTFOLIO

Our Eclipse Portfolio is an experiment in longer-term positions in the stock market, as opposed to the more active trading positions in the Financial Cycles Model Portfolio, which we are currently holding for an average of 10.1 trading days. Although a long-term, “buy and hold” strategy leaves us very concerned about capital preservation and portfolio safety given current market conditions, we are always seeking profitable investment strategies requiring less time and energy than an active approach to trading.
The stocks in the Eclipse Portfolio all have First-Trade horoscopes featuring a Sun that was directly impacted by the November 23, 2003 solar eclipse. The portfolio includes only long positions, with stop-loss points set liberally to allow for broader price fluctuations while protecting the capital in the portfolio. When positions in the Eclipse Portfolio become sufficiently profitable we raise our stops to lock in profits accordingly, but our intention is to let our winners run as long as possible.
All the stocks in the Eclipse Portfolio were purchased on November 24, 2003, with a total initial investment of $21,345.00. On December 9, 2003, we closed two losing positions that hit our stops—Network Appliance, Inc. (NTAP – bought at 22.25; sold at 19.65) and Silicon Storage Technology, Inc. (SSTI – bought at 13.00; sold at 11.87); on December 16, 2003, we closed a third position in J. B. Hunt Transportation Services, Inc. (JBHT – bought at 25.25; sold at 25.75). In closing these positions, we took a net loss of $759.00 on the trades and added $12,641.00 cash to the portfolio.
With two of our original five positions still active, the current equity in the Eclipse Portfolio is $21,227.00, for a loss of 0.55% since the portfolio’s inception. Here are our current positions:

Medtronic, Inc. (MDT) – bought 100 shares at 44.25 on 11/24/03; currently 48.10. Stop set at 46.00.

Teledyne Technologies, Inc. (TDY) – bought 200 shares at 17.60 on 11/24/03; currently 18.88. Raise stop to 18.00.

*****


STRONGEST MARKET SECTORS LAST WEEK

Processing Systems & Products; Communications Equipment; Major Airlines; Memory Chips; Networking & Communications Devices.

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WEAKEST MARKET SECTORS LAST WEEK

Gold; Air Delivery & Freight Service; Insurance Brokers; Technical Services; Waste Management.

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KEY ASTROLOGICAL EVENTS THIS WEEK

January 11
Heliocentric Mercury in 24th harmonic to Heliocentric Jupiter 00:35 EST
Venus parallel Pluto 01:24 EST
Venus parallel Pluto in right ascension 01:29 EST
Sun square Apollon in right ascension 02:33 EST
Mars semisquare Uranus 04:00 EST
Heliocentric Mercury trine Heliocentric Mars 12:12 EST
Sun semisextile Pluto 13:43 EST
Heliocentric Mercury sesquiquadrate Heliocentric Neptune 17:12 EST
Mars sextile Neptune in right ascension 18:47 EST
Venus semisquare Mars in right ascension 20:48 EST
Jupiter trine Chiron in right ascension 23:59 EST

January 12
Sun semisquare Cupido in right ascension 01:20 EST
Heliocentric Venus square Heliocentric Chiron 02:35 EST
Venus in 24th harmonic to Neptune 02:45 EST
Venus enters Pisces in right ascension 05:15 EST
Heliocentric Mercury enters Libra 06:38 EST
Heliocentric Venus trine Heliocentric Pluto 11:01 EST
Heliocentric Mercury square Heliocentric Kronos 11:26 EST
Venus trine Kronos in right ascension 16:25 EST
Heliocentric Earth sextile Heliocentric Admetos 17:40 EST
Sun quincunx Hades 18:52 EST
Heliocentric Mercury quincunx Heliocentric Uranus 20:57 EST
Venus parallel Poseidon 21:07 EST
Venus parallel Poseidon in right ascension 21:37 EST

January 13
Sun contraparallel Vulcanus 02:15 EST
Void-of-Course Moon 03:01 – 4:38 EST
Heliocentric Earth conjunct Heliocentric Vulcanus 03:59 EST
Sun opposition Vulcanus 04:07 EST
Sun opposition Vulcanus in right ascension 04:09 EST
Sun contraparallel Vulcanus in right ascension 04:10 EST
Heliocentric Earth semisextile Heliocentric Hades 07:52 EST
True Lunar Node semisquare Kronos in right ascension 14:07 EST
Heliocentric Earth square Heliocentric Apollon 16:44 EST
Mars semisextile True North Node in right ascension 16:51 EST
Heliocentric Venus semisextile Heliocentric Admetos 18:40 EST
Heliocentric Mercury semisextile Heliocentric Poseidon 18:52 EST
Sun parallel Mercury 19:04 EST
Mercury semisquare Neptune in right ascension 19:31 ESTG

January 14
Heliocentric Venus square Heliocentric Vulcanus 01:15 EST
Heliocentric Mercury sesquiquadrate Heliocentric Admetos 02:14 EST
Heliocentric Venus sextile Heliocentric Hades 03:45 EST
Mercury enters Capricorn 05:50 EST
Mercury enters Capricorn in right ascension 06:02 EST
Heliocentric Mercury conjunct Heliocentric Zeus 06:08 EST
Heliocentric Earth sesquiquadrate Heliocentric Cupido 08:18 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Apollon 08:24 EST
Heliocentric Venus opposition Heliocentric Apollon 09:23 EST
Mercury contraparallel Vulcanus in right ascension 11:19 EST
Sun square Apollon 11:39 EST
Venus enters Pisces 12:15 EST
Heliocentric Mercury sextile Heliocentric Cupido 12:36 EST
Mercury contraparallel Vulcanus 13:17 EST
Mercury opposition Kronos 18:57 EST
Mercury sesquiquadrate True Lunar Node in right ascension 19:16 EST
Heliocentric Venus sesquiquadrate Heliocentric Cupido 19:20 EST
Mercury opposition Kronos in right ascension 19:28 EST
Venus conjunct Uranus in right ascension 19:34 EST
Venus trine Kronos 21:26 EST
Heliocentric Mercury semisextile Heliocentric Jupiter 22:17 EST
Heliocentric Mercury square Heliocentric Saturn 22:55 EST
Void-of-Course Moon begins 23:46 EST

January 15
Saturn square Zeus 00:19 EST
Mars semisextile True Lunar Node 01:27 EST
Mercury sextile Uranus 01:39 EST
Venus conjunct Uranus 02:23 EST
True Lunar Node direct station 03:13 EST
Mercury sextile Venus 04:13 EST
Sun semisquare Cupido 07:16 EST
Void-of-Course Moon ends 9:33 EST
Heliocentric Earth square Heliocentric Venus 14:41 EST
Heliocentric Mercury trine Heliocentric Neptune 15:06 EST
Heliocentric Venus sesquiquadrate Heliocentric Jupiter 18:42 EST
Venus trine Poseidon in right ascension 20:45 EST
Heliocentric Earth semisquare Heliocentric Jupiter 21:10 EST
Heliocentric Earth in 24th harmonic to Heliocentric Saturn 22:37 EST

January 16
Heliocentric Mercury sesquiquadrate Heliocentric Mars 01:58 EST
Mars quincunx Jupiter 04:55 EST
Sun parallel Cupido 10:03 EST
Sun parallel Cupido in right ascension 11:39 EST
True Lunar Node retrograde station 14:48 EST
Venus parallel Uranus 22:07 EST
Venus parallel Uranus in right ascension 22:09 EST
Heliocentric Mercury sesquiquadrate Heliocentric Uranus 22:18 EST

January 17
Venus semisquare Chiron in right ascension 03:08 EST
Heliocentric Mars enters Gemini 04:41 EST
Chiron apogee 05:37 EST
Void-of-Course Moon 06:48 – 12:18 EST
Mercury sextile Uranus in right ascension 09:01 EST
Heliocentric Jupiter sextile Heliocentric Saturn 09:06 EST
Mercury sesquiquadrate True Lunar Node 09:34 EST
Heliocentric Mercury square Heliocentric Chiron 12:47 EST
Heliocentric Mercury sextile Heliocentric Pluto 16:08 EST
Sun in 24th harmonic to Neptune 20:51 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Poseidon 22:33 EST

January 18
Mercury sesquiquadrate Admetos in right ascension 02:13 EST
Mars semisquare Uranus in right ascension 03:22 EST
Heliocentric Mercury quincunx Heliocentric Admetos 06:44 EST
Venus sesquiquadrate Apollon in right ascension 08:22 EST
Mercury sextile Poseidon in right ascension 08:24 EST
Heliocentric Mercury square Heliocentric Vulcanus 09:48 EST
Heliocentric Mercury trine Heliocentric Hades 11:00 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Zeus 11:06 EST
Sun enters Aquarius in right ascension 11:28 EST
Mercury contraparallel Hades in right ascension 13:19 EST
Heliocentric Mercury conjunct Heliocentric Apollon 13:39 EST
Mars square Chiron 14:26 EST
Mercury contraparallel Hades 16:05 EST
Heliocentric Mars semisextile Heliocentric Kronos 17:00 EST
Heliocentric Venus enters Taurus 17:56 EST
Venus semisquare Chiron 18:18 EST
Heliocentric Mercury semisquare Heliocentric Cupido 18:27 EST
Venus semisquare Mars 21:48 EST
Sun quincunx Kronos in right ascension 21:50 EST
Void-of-Course Moon begins 22:58 EST

*****


STOCKS TO WATCH: AMKR, ASPT, GNCMA, MIPS, TACT.

Amkor Technology Inc. (AMKR)
First Trade Date: 05/01/1998; 09:30 a.m.
Trading Strategy: With Vulcanus conjunct the Moon in the AMKR First-Trade chart, this transneptunian takes on extra significance for the price action in this stock. After gathering some strength at a support zone defined by geocentric Vulcanus at 10.86 and geocentric Jupiter at 34.96, AMKR charged ahead last week, ultimately moving through two more Vulcanus planetary lines. We’re going to follow that trend and add a long position in AMKR to the Model Portfolio this week, setting our initial stop at 17.74.

Aspect Communications Corporation (ASPT)
First Trade Date: 05/01/1990; 09:30 a.m.
Trading Strategy: After an extended basing period that lasted roughly a year, ASPT took off last summer and began an upward move. We’ve learned a lot about this stock’s price movement from geocentric planetary lines for Mercury at 44.75, Admetos at 44, Jupiter at 97, and Uranus at 27.95 (note especially the gap over the Uranus line in mid-October). Its latest move took it decisively past a Uranus line until it met with some resistance at Admetos. If ASPT closes above that Admetos line at 19.08 this week, we will add a long position during the following trading session. Our initial stop will be set at 16.31.

General Communications Class A (GNCMA)
First Trade Date: 08/22/1988; 09:30 a.m.
Trading Strategy: The GNCMA First-Trade chart has had transiting Saturn parked on the Midheaven lately, and the stock’s performance has been sluggish at best. It’s efforts to break out above $10 in October failed, and since then it has been back in the $8-$9 trading range it had occupied since early summer. By adding a geocentric planetary line for Saturn at 26.6, however, we get a much clearer picture of what has been happening with this stock. Saturn provided resistance throughout July, August, and September, then became a support zone while GNCMA made its double top in October, and has alternated between support and resistance since then. The important thing to note here, though, is that this Saturn line is currently headed south. Even if it provides support for GNCMA right now, the price is likely to continue to drop. Our plan is thus to sell this stock short early this week, setting our initial buy stop at 9.15.

MIPS Technologies Inc. (MIPS)
First Trade Date: 06/30/1998; 09:30 a.m.
Trading Strategy: Much of the trading structure for MIPS can be revealed by adding geocentric planetary lines to the price graph for Mars at 8.6, Kronos at 8.7, and Admetos at 49.45. With transiting Saturn conjunct the MIPS First-Trade Sun, this stock has had trouble breaking above $6 until last week. Thanks to transiting Neptune conjunct First-Trade Uranus, the transiting True Lunar Node conjunct the First-Trade Midheaven, and the transiting Sun and Chiron in opposition to First-Trade Vulcanus, however, it has gotten an extra jolt of energy. While we expect a price pull-back during the next couple of months, our immediate strategy is to add a long position in MIPS to the Model Portfolio. We will do so early this week, setting our initial stop at 5.54.

Transact Technologies Inc. (TACT)
First Trade Date: 08/22/1996; 09:30 a.m.
Trading Strategy: Saturn is currently conjunct the First-Trade Midheaven for this stock, which would typically suggest that we would see the price go up after the transit passes. But Saturn will soon conjoin First-Trade Venus as well, and the True Lunar Node is now conjunct First-Trade Admetos, hinting that it might become difficult for this stock to move past certain limits. Those limits are described by a True Lunar Node planetary line set geocentrically at 18.86. Our plan is to sell TACT short early this week, setting our initial buy stop at 27.45.


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A VALUABLE NEW RESOURCE

According to veteran trader Jim Twentyman, “traders by default are the best Astronomers/Astrologers in the world because they only use what works.” That notion is handsomely revealed in the Astro Trading Calendar 2004, written by Twentyman and Larry Pesavento. It’s available for $49.95 in either a spiral-bound hard copy or in e-book format (add $4.95 postage in the USA, $8.95 to other countries for the hard copy) from www.astroangle.com.
You’ll find lots of useful items here, including references to important web sites; ephemeris listings in heliocentric, geocentric and declination notation; a glossary of astronomical and astrological terms; tables of synodic planetary periods; Bradley stock market models; and more. The calendar pages themselves are in a one-page-per-week format, which allows plenty of room to note trades and changes in portfolio equity on a day-to-day basis. Rather than listing all of the astrological phenomena that occur, Pesavento and Twentyman just note the celestial events they consider the most important in moving the markets.
The most interesting feature in the calendar is the notation of “Market Sections,” which reflect “a natural rhythm of the Solar system.” They are “building blocks for trading range” which can be used in much “the same way a daily or weekly bar would be used.”
All in all, the Astro Trading Calendar promises to be a valuable new tool for understanding the harmony of the markets. It’s an item that deserves a place on your trading desk.




FINANCIAL CYCLES (ISSN 1055-8527) is published by Taylor-Bost Consulting and edited by Tim Bost at 2831 Ringling Boulevard, Suite B-108, Sarasota, FL 34237 USA. Phone: 941-953-3545. Fax: 941-953-3732. Email: timbost@pipeline.com. Entire contents copyright 2004 Timothy L. Bost. No portion of this Weekly Email Update or its printed version may be reproduced without the publisher's written permission. Subscriptions to FINANCIAL CYCLES are $39.00 per month for weekly updates by email or fax, payable by monthly billing to a major credit card. Advance payment options (by credit card, check, or money order) are $228 for 6 months, $432 for 1 year or $815 for two years. All subscriptions are payable in US funds only— Visa, MasterCard, American Express, Diners Club, and Discover/Novus accepted; please make checks or money orders payable to Taylor-Bost.

By providing a source of independent market analysis, the purpose of FINANCIAL CYCLES is to foster the growth of person-centered business and investment astrology; to enhance the development and dissemination of financial literacy and prosperity consciousness; and to explore the use of technical analysis and financial astrology in promoting an esoteric spiritual understanding of economic trends, geocosmic cycles, geopolitical events, and market movements. FINANCIAL CYCLES is a general interest publication which is prepared from astrological information, news reports, cycle projections, and market observations which are believed to be accurate and reliable, but which cannot be guaranteed. Portfolio and trading reports in this publication do not include taxes and transaction fees, which should be taken into consideration by prospective traders and investors. Even with accurate information, past performance is no guarantee of future results. Speculation in securities and commodities involves considerable financial risk, and readers who plan to invest or speculate in securities or commodities mentioned in FINANCIAL CYCLES have the complete responsibility for making themselves fully aware of all the risks involved before they invest. The editor may or may not have positions in the securities and commodities discussed in this newsletter, and the information in FINANCIAL CYCLES should in no way be understood or construed as a solicitation or an offer to buy or sell any products or securities, nor should the material published in this newsletter be considered buy/sell advice.

*****
14th WORLD CONFERENCE OF ASTRO ECONOMICS®

Saturday & Sunday, March 20 – 21, 2004
9:00 AM – 5:00 PM


The Radisson Suite Beach Resort on Marco Island
Marco Island, Florida (near Naples, FL)


THE BEST IN THE FIELD: A two-day world gathering of experts: fund managers including hedge funds, top-rated stock market newsletter writers, market timers, commodities traders. They share their extensive knowledge of technical, fundamental and cycle analysis applied to the markets. These outstanding speakers, ARCH CRAWFORD, LARRY PESAVENTO, DAVID BURTON, TIM BOST, DR. AL LARSON, ALPHEE LAVOIE, GRACE K. MORRIS and others, present the results of their extensive research and application of the latest financial techniques. Learn about practical investment strategies, interest rates, the economy, stocks, commodities, the markets and much more. Check our Website for latest information: www.astroeconomics.com.

This is one conference you won’t want to miss. And as a FINANCIAL CYCLES reader, you can save $90 on conference registration! Print out the Conference Registration Form on the next page and mail or fax it in before January 31, 2004 to take advantage of this special offer.

CONFERENCE REGISTRATION FORM

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Fax: 1-815-464-8163 Telephone: 239-394-4100 or 800-992-0651

For updates: www.astroeconomics.com www.radisson.com/marcoislandfl

posted by Tim Bost @ 1/11/2004 11:22:50 PM