FINANCIAL CYCLES WEEKLY UPDATE #0403 – January 18 - 24, 2004 with TIM BOST

COMMENT: It’s an election year, and political opinion is being shaped this week in the meeting rooms of Iowa and in the streets of Baghdad. The Democratic contenders for the presidential nomination have been trying to outdo each other in denouncing the war in Iraq, while the Bush Administration struggles to figure out how it can survive holding elections at all—not in the land of hanging chads, unverifiable voting machines and victories determined by the courts but in the part of the world where tens of thousands of people have been flooding into the streets demanding the right to vote, with the clear implication being that if they’re allowed to go to the polls they’ll bring anti-American Shiites to power. And with the U.S. death toll topping 500 amid increasingly violent resistance fighting, how would a Shiite Iraqi government play at the U.S. polls in November? It’s something President Bush clearly doesn’t want to confront.
But democracy and freedom of information and expression aren’t necessarily fashionable any more, it seems. Just ask the folks at the Center for National Security Studies, who unsuccessfully tried to get the U.S. Supreme Court to rule on the Justice Department’s arrest and detention of hundreds of Arab-Americans. The court’s refusal to hear the case allows the government to continue holding people incommunicado for indefinite periods with any charges being filed.
Or ask former Treasury Secretary Paul O’Neill. The new book about him by Ron Suskind the accompanying spate of media attention created quite a stir during the past week. After news of his criticisms of the current administration raised some eyebrows, O’Neill commented that he wasn’t afraid of reprisals from the White House because “I’m an old man and I’m rich. There’s nothing they can do to hurt me.” As far as Mr. Bush was concerned, that comment could just as easily have come from Saddam Hussein. The Treasury Department immediately announced that it is having the U.S. Inspector General launch an investigation of Mr. O’Neill, based on allegations that he illegally used classified documents in making his case that President Bush actively planned to invade Iraq long before the 9-11 terrorist attacks.
By the way, the title of Suskind’s book about O’Neill is “The Price of Loyalty.” Given the week’s events, that title may prove to be more ironic than the either the author or Mr. O’Neill originally intended.
Fortunately, though, not all the news this past week was quite so chilling (although the weather in the northeast certainly was!) There was some evidence of progress. The Patent Office announced that IBM had been granted 3,415 patents during 2003. That’s the largest number ever granted to a single company in a single year, even though it was the eleventh consecutive year in which IBM had the most patents granted. IBM’s profits tripled during the past year. Eastman Kodak Company announced that it was embracing the digital revolution by no longer selling traditional film cameras in the U.S., Canada and Western Europe. Starbucks defied the Bush administration’s anti-France stance and expanded its global reach by opening its first store in Paris. And currency traders were in the headlines, too, when the U.S. dollar hit a three-year low against the Japanese yen.


THE WEEK AHEAD

Earnings season is in full swing again, and there will be a lot of reports crammed into a short week. We’ll be looking for information from 3M (MMM), Bank One (ONE), Citigroup (C), General Motors (GM), Johnson & Johnson (JNJ), Motorola (MOT), U.S. Bancorp (USB), United Technologies (UTX), Washington Mutual (WM), Wells Fargo (WFC), Bank of New York (BK), Fannie Mae (FNM), J.P. Morgan Chase (JPM), Merrill Lynch (MER), Qualcomm (QCOM), Amgen (AMGN), Cardinal Health (CAH), Automatic Data (ADP), BellSouth (BLS), EMC (EMC), Ford Motor Company (F), MBNA (KRB), Pfizer (PFE), Microsoft (MSFT), Unitedhealth (UNH), Wyeth (WYE), Caterpillar (CAT), Dominion Resources (D), and Slumberger (SLB).
It’s an extremely lightweight week for economic indicators, however. We’ll get the December figures for Housing Starts and Building Permits, and the Conference Board’s Leading Indicators, and that’s about it.
When trading gets back underway on Tuesday after a long holiday weekend, we’ll have the Sun moving into Aquarius (it does so in right ascension over the weekend, but waits until after the holiday to do so in geocentric longitude) as Mars trines Pluto. Coming off the weekend’s Mars/Chiron square and capturing the energy of the lunar perigee and the New Moon, these dynamics could add some extra volatility to the week’s trading. We’ll be stepping aside from the trading action on Wednesday and Friday, though, thanks to a couple of extended lunar void-of-course periods.
Have a great week!


NOW AVAILABLE

My new monograph will be ready for distribution early this week. Copies of Strategies for Creating Personal Wealth in 2004, a report based on special research I prepared for a group of clients last year, are available for $49.95. As a special gift to readers of FINANCIAL CYCLES WEEKLY UPDATE, I’m making this 45-page monograph available absolutely FREE to subscribers who request a copy by January 31. To get yours, send an email to timbost@pipeline.com and use the words “FREE REPORT” in the subject line of your email. You’ll get your copy in electronic format; you can print out the downloadable file when it comes in your email.
If you prefer to get a printed and bound “hard copy” of Strategies for Creating Personal Wealth in 2004 just send a $6.00 PayPal payment to cover postage and handling to paypal@timbost.com. The printed copies will be ready to mail by the end of this week; this exclusive offer for subscribers is also available through the end of the month.
Time is running out to get the special discounted registration for FINANCIAL CYCLES readers attending the 14th World Conference of Astro Economics, which is set for March 20 & 21 at Marco Island, Florida. Look for 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!

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GLOBAL EQUITIES MARKETS LAST WEEK

Most of the world’s markets resumed their positive price action last week. The Dow and the NASDAQ are now trading back at the levels where they were two years ago, and the European markets continue to show persistent strength. There were some losses in the Pacific, however. Markets in Sydney and Tokyo found themselves confronting the resistance zones they encountered last fall, while Singapore and Hong Kong appear to be taking breathers in the midst of sustained upward drives.

Dow Jones Industrial Average – up 1.35%
Dow Jones Transportation Average – up 1.58%
Dow Jones Utilities Average – down 0.07%
S& P 500 – up 1.60%
NASDAQ Composite Index – up 2.57%
Russell 2000 – up 2.64%
London FTSE-100 – up 0.48%
Paris CAC-40 – up 2.71%
Frankfurt DAX – up 2.38%
Sydney All Ordinaries – down 0.27%
Tokyo Nikkei – down 0.98%
Hong Kong Hang Seng Index – down 1.63%
Singapore Straits Times Index – down 0.85%


FINANCIAL CYCLES MODEL PORTFOLIO


POSITIONS CLOSED DURING THE PREVIOUS WEEK: HRBT, UTX, GM, TACT, GNCMA, COP.

We closed six portfolio positions during the previous week, with two winners and four losers producing a net loss of $934.00.

On January 12 we bought to cover 300 shares of Hudson River Bancorp, Inc. (HRBT) at 40.00, taking a profit of $75.00 (a 0.62% gain in 8 trading days).

On January 12 we sold 100 shares of United Technologies (UTX) at 93.00, taking a loss of $125.00 (a 1.33% loss in 13 trading days).

On January 13 we sold 200 shares of General Motors (GM) at 53.00, taking a profit of $150.00 (a 1.44% gain in 14 trading days).

On January 13 we bought to cover 300 shares of Transact Technologies Inc. (TACT) at 27.45, taking a loss of $420.00 (a 5.37% loss in 1 trading day).

On January 14 we bought to cover 1,000 shares of General Communications Class A (GNCMA) at 9.15, taking a loss of $350.00 (a 3.98% loss in 2 trading days).

On January 15 we bought to cover 200 shares of Conocophillips (COP) at 64.75, taking a loss of $264.00 (a 0.50% loss in 8 trading days).

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POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS WEEK: GNCMA, MIPS, TACT, AMKR.

We sold short 1,000 shares of General Communications Class A (GNCMA) at 8.80 on 01/12/04, setting our initial buy stop at 9.15.

We bought 1,000 shares of MIPS Technologies Inc. (MIPS) at 6.50 on 01/12/04, setting our initial stop at 5.54.

We sold short 300 shares of Transact Technologies Inc. (TACT) at 26.05 on 01/12/04, setting our initial buy stop at 27.45.

We bought 500 shares of Amkor Technology Inc. (AMKR) at 19.75 on 01/13/04, setting our initial stop at 17.74.

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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

Amkor Technology Inc. (AMKR) – bought 500 shares at 19.75 on 01/13/04; currently 20.21. Raise stop to 18.75.

Biosite, Inc. (BSTE) – bought 400 shares at 27.50 on 12/29/03; currently 30.42. Raise stop to 29.90.

Cathay General Bancorp (CATY) – sold short 200 shares at 56.00 on 01/08/04; currently 55.55. Lower buy stop to 55.80.

Costar Group, Inc. (CSGP) – bought 300 shares at 41.05 on 12/29/03; currently 41.25. Raise stop to 40.65.

Electrolux AB ADR (ELUX) – bought 300 shares at 44.30 on 01/05/04; currently 46.12. Raise stop to 45.50.

MIPS Technologies Inc. (MIPS) – bought 1,000 shares at 6.50 on 01/12/04; currently 7.12. Raise stop to 6.15.

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 37.72. Raise stop to 36.65 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 $21,371.00, for a gain of 0.12% since the portfolio’s inception. Here are our current positions:

Medtronic, Inc. (MDT) – bought 100 shares at 44.25 on 11/24/03; currently 49.08. Raise stop to 47.35.

Teledyne Technologies, Inc. (TDY) – bought 200 shares at 17.60 on 11/24/03; currently 19.11. Stop set at 18.00.

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STRONGEST MARKET SECTORS LAST WEEK

Networking & Communications Devices; Processing Systems & Products; Toy & Hobby Stores; Catalog & Mail Order Houses; Medical Practitioners.

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WEAKEST MARKET SECTORS LAST WEEK

Staffing & Outsourcing Services; Copper; Gold; Aluminum; Industrial Metals & Minerals.

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KEY ASTROLOGICAL EVENTS THIS WEEK

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

January 19
U.S. Markets Closed for Martin Luther King Jr. Day holiday
Void-of-Course Moon ends 01:24 EST
Venus quincunx Zeus in right ascension 01:31 EST
Neptune contraparallel True Lunar Node in right ascension 05:54 EST Heliocentric Venus sextile Heliocentric Kronos 06:14 EST
Heliocentric Mercury semisquare Heliocentric Jupiter 07:28 EST
Venus square Cupido in right ascension 09:16 EST
Mars semisextile Admetos in right ascension 10:57 EST
Heliocentric Venus semisextile Heliocentric Mars 12:57 EST
Mercury in 24th harmonic to Chiron 13:13 EST
Lunar perigee 14:25 EST
Venus trine Poseidon 22:12 EST
Venus trine Saturn in right ascension 23:07 EST
Pluto semisextile Chiron in right ascension 23:14 EST

January 20
Neptune contraparallel True Lunar Node 03:25 EST
Mars trine Pluto 05:01 EST
Venus sesquiquadrate Vulcanus in right ascension 05:37 EST
Heliocentric Mercury contraparallel Heliocentric Venus 06:27 EST
Heliocentric Venus sextile Heliocentric Uranus 06:34 EST
Mercury in 24th harmonic to Pluto 08:47 EST
Sun enters Aquarius 12:42 EST
Heliocentric Earth enters Leo 12:42 EST
Mars semisextile Admetos 12:53 EST
Mercury sesquiquadrate Admetos 13:00 EST
Venus sesquiquadrate Vulcanus 14:53 EST
Heliocentric Mercury enters Scorpio 16:17 EST
Mercury sextile Poseidon 17:26 EST
Heliocentric Earth square Heliocentric Mercury 17:58 EST
Sun quincunx Kronos 21:58 EST
Heliocentric Mercury trine Heliocentric Kronos 22:27 EST

January 21
Void-of-Course Moon 00:34 – 14:10 EST
Mars quincunx Jupiter in right ascension 01:16 EST
Venus trine Saturn 05:03 EST
Mercury square Zeus in right ascension 07:58 EST
Heliocentric Earth semisextile Heliocentric Kronos 08:06 EST
Heliocentric Mercury quincunx Heliocentric Mars 09:14 EST
Heliocentric Mercury trine Heliocentric Uranus 10:41 EST
Mars sextile Hades 12:55 EST
Apollon retrograde station in right ascension 13:07 EST
Sun semisextile Uranus 13:15 EST
Venus quincunx Zeus 13:54 EST
Sun semisextile Uranus in right ascension 15:13 EST
Mercury semisextile Cupido in right ascension 15:49 EST
New Moon 16:05 EST
Heliocentric Mars square Heliocentric Uranus 17:59 EST
Venus sesquiquadrate Apollon 19:17 EST
Heliocentric Venus sesquiquadrate Heliocentric Pluto 21:15 EST
Mercury opposition Saturn 23:54 EST

January 22
Mercury direct station 1-year anniversary
Mercury opposition Saturn in right ascension 00:03 EST
Apollon retrograde station 01:25 EST
Mars square Vulcanus 04:33 EST
Heliocentric Mercury semisquare Heliocentric Pluto 06:17 EST
Venus parallel Apollon 08:36 EST
Venus parallel Apollon in right ascension 08:53 EST
Mercury square Zeus 09:54 EST
Venus contraparallel Mars 10:18 EST
Venus contraparallel Mars in right ascension 10:18 EST
Heliocentric Venus opposition Heliocentric Poseidon 10:40 EST
Neptune square True Lunar Node in right ascension 11:29 EST
Sun square Poseidon in right ascension 11:47 EST
Mars contraparallel Apollon in right ascension 13:06 EST
Heliocentric Mercury conjunct Heliocentric Poseidon 13:08 EST
Mars contraparallel Apollon 13:39 EST
Venus square Cupido 14:32 EST
Heliocentric Mercury opposition Heliocentric Venus 15:47 EST
Mercury contraparallel Saturn in right ascension 21:16 EST
Mercury contraparallel Saturn 21:57 EST
Heliocentric Earth quincunx Heliocentric Uranus 22:54 EST
Sun sesquiquadrate Jupiter in right ascension 23:33 EST

January 23
Mars trine Pluto in right ascension 02:03 EST
Heliocentric Mercury sesquiquadrate Heliocentric Hades 02:59 EST
Heliocentric Mercury semisextile Heliocentric Zeus 03:04 EST
Heliocentric Venus in 24th harmonic to Heliocentric Admetos 04:11 EST
Void-of-Course Moon 04:33 – 16:29 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Apollon 05:50 EST
Mercury semisextile Cupido 10:34 EST
Heliocentric Mercury semisextile Heliocentric Cupido 11:07 EST
Mars square Chiron in right ascension 11:40 EST
Mars sextile Hades in right ascension 13:01 EST
Heliocentric Venus semisquare Heliocentric Hades 13:23 EST
Heliocentric Venus quincunx Heliocentric Zeus 13:32 EST
Heliocentric Mercury parallel Heliocentric Jupiter 14:06 EST
Sun sesquiquadrate Jupiter 17:45 EST
Chiron quincunx Hades in right ascension 19:16 EST

January 24
Heliocentric Mercury trine Heliocentric Saturn 02:07 EST
Heliocentric Mercury sextile Heliocentric Jupiter 04:16 EST
Heliocentric Venus quincunx Heliocentric Cupido 05:05 EST
Sun semisquare Pluto in right ascension 05:47 EST
Heliocentric Earth sextile Heliocentric Mars 06:26 EST
Sun sesquiquadrate Hades in right ascension 10:49 EST
Mars opposition Apollon 11:50 EST
Heliocentric Mercury contraparallel Heliocentric Uranus 14:36 EST
Heliocentric Mercury square Heliocentric Neptune 19:34 EST
Mars opposition Apollon in right ascension 19:48 EST
Venus sextile True Lunar Node in right ascension 20:30 EST
Venus semisextile Neptune 20:49 EST

January 25
Heliocentric Mercury contraparallel Heliocentric Saturn 03:34 EST
Void-of-Course Moon 06:09 – 22:06 EST
Heliocentric Mercury parallel Heliocentric Mars 09:13 EST
Heliocentric Venus sextile Heliocentric Saturn 10:12 EST
Venus semisextile Neptune in right ascension 10:47 EST
Heliocentric Earth sesquiquadrate Heliocentric Pluto 11:34 EST
Mercury semisextile Neptune 14:25 EST
Heliocentric Venus trine Heliocentric Jupiter 15:12 EST
Heliocentric Mercury sesquiquadrate Heliocentric Kronos 19:52 EST
Sun trine Zeus in right ascension 22:25 EST
Heliocentric Mars sesquiquadrate Heliocentric Chiron 22:26 EST


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STOCKS TO WATCH: MIDD, PLCM, XICO.

Middleby Corporation (MIDD)
First Trade Date: 11/28/1995; 09:30 a.m.
Trading Strategy: Saturn is just hitting the MIDD First-Trade Descendant, with Mars about to conjoin the First-Trade South Lunar Node. This is not a particularly attractive astrological combination, so we are considering shorting this stock. A geocentric Saturn line set for 34.8 is also providing some active trading resistance for this stock at about 42.45; unless MIDD breaks out above this line during the next two trading sessions, we will add a short position to the Model Portfolio, setting our initial buy stop at 42.85.


Polycom Inc. (PLCM)
First Trade Date: 04/30/1996; 09:30 a.m.
Trading Strategy: Here’s another First-Trade chart with Saturn hitting an angle (in this case the Ascendant), but with an interesting difference: Transiting Mars has already moved past the PLCM First-Trade South Lunar Node, and is on its way to conjoining First-Trade Mars. That suggests the possibility of a more rapid recovery from the impact of the Saturn transit, so we plan to put on a long position in this stock this week, setting our initial stop at 18.50.

Xicor Inc. (XICO)
First Trade Date: 10/24/1980; 10:00 a.m.
Trading Strategy: Jupiter is currently conjunct the First-Trade Midheaven for this stock, and since that planet is currently slow in motion following its recent station, we anticipate its positive price effects to linger a bit. There’s reinforcement from transiting Pluto conjoining the XICO First-Trade Neptune; Pluto’s not go anywhere in a hurry, either. We will add a long position in XICO this week, setting our initial stop at 10.00.





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, 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. PayPal is also accepted for online orders; send payment to PayPal@TimBost.com.

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.

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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 @ 1/18/2004 09:53:31 PM