FINANCIAL CYCLES WEEKLY UPDATE #0404 – January 25-31, 2004 with TIM BOST

COMMENT: David Kay, the top U.S. weapons inspector in Iraq, has resigned, saying about the weapons of mass destruction he has been searching for: “I don’t think they exist.”
In spite of Kay’s insistence that the failure to find any weapons of mass destruction in Iraq should not be made a political issue, the Democratic presidential candidates have done just that. Kay’s remarks immediately triggered comments from all of the contenders, who are campaigning hard in New Hampshire.
Yet while the Democratic candidates seem obsessed with outdoing each other in their criticism of the Iraq war and of the Bush administration’s misleading of the American people about the threat posed by Saddam Hussein, the real issue that’s like to command voters’ attention is the economy. That’s not the economy in the abstract numerical terms cited in government reports, of course, but the economy that’s revealed in the numbers on the weekly paycheck—in those cases where there’s a paycheck to bring home at all.
New Hampshire, the site of this week’s widely-watched Democratic primary, provides a good example. In the village of Exeter, just east of Manchester, the brand-new headquarters buildings of Tyco International sit vacant. Nearly 1,000 people used to work there, but they’re all gone now in the wake of the indictment of Tyco’s CEO, Dennis Kozlowski, who’s on trial for corporate looting.
In Manchester, about 30 miles to the west, the natives of Eastern Europe and Africa who have come to town to take entry-level jobs at a Tyson Foods processing plant have just learned, along with the rest of Tyson’s employees, that 550 of those jobs will be disappearing after February 3. Most will be trying to figure out how to survive on the meager unemployment benefits that should last until about 60 days before the election in November; a few will move from their food-processing jobs at Tyson into food-preparation jobs at a local MacDonald’s, at a much lower rate of pay. But there just aren’t enough fast-food jobs to go around.
Meanwhile, the idea that inflation is under control is starting to wear a little thin. Needless to say, the world’s central bankers seem more committed than ever to creating an endless stream of fiat currency. Back in the real world, some key prices are starting to creep up, while others are zooming up dramatically—like petroleum products, for instance. The reasons are all about bad weather and shipping problems, without much mention of extra profits for the oil companies, of course. Gasoline prices in the U.S. have jumped by roughly 15 cents a gallon in the last five weeks, and the Lundberg Survey forecasts another 16-cent increase between now and April. Higher prices at the pump aren’t just an inconvenience; they ultimately impact every part of the economy.
We should remember, however, that a Sun/Neptune conjunction is on the way in about a week. This is an astrological combination which signals the illumination of what has been hidden or confused. We’ll need to be on the lookout, then, for revelations in politics, in government, in the economy, and in the markets themselves. What gets revealed may not be particularly appealing, but it is likely to be valuable information nevertheless.


THE WEEK AHEAD

It’s time for a massive reality check on Wall Street this week, with almost 1,000 companies reporting their earnings and the Federal Reserve’s Open Market Committee holding its first meeting of 2004. Depending on what the corporate profit pictures look like, there could be some real volatility in stock prices, especially since no fewer than 12 Dow component companies will be among the firms reporting. Some of the biggest corporations sharing profit numbers during the week will be American Express (AXP), Kimberly-Clark (KMB), Marsh & McLennan (MMC), McDonald's (MCD), Schering-Plough (SGP), Sysco (SYY), Texas Instruments (TXN), Amazon (AMZN), Caterpillar (CAT), Kraft Foods (KFT), Lockheed Martin (LMT), Merck & Company (MRK), SBC Communications (SBC), Altria (MO), ConocoPhillips (COP), E.I. DuPont (DD), Exelon (EXC), Proctor & Gamble (PG), Time Warner (TWX), Boeing (BA), Dow Chemical (DOW), Eli Lilly (LLY), Exxon Mobil (XOM), Gillette (G), Guidant (GDT), Honeywell (HON), Illinois Tool Works (ITW), Nortel Networks (NT), Southern (SO), United Parcel Service (UPS), and Verizon Wireless (VZ).
Much of the week’s economic news will be dominated by the FOMC meeting, which starts on Tuesday with the Fed announcing its actions on Wednesday. Most pundits believe that the Fed won’t make any significant changes, but as usual more attention will be paid to nuance instead of fact. This week will also bring January Consumer Confidence from both the Conference Board and the University of Michigan, Durable Goods Orders for December, New Home and Existing Home Sales for December, the preliminary figures on the GDP, and the January Chicago Purchasing Managers Index.
The astrological action in the coming week will be dominated by the Venus/Jupiter opposition and the Venus/Pluto square as we move toward the Sun/Neptune conjunction on February 2. Historically, the Venus/Jupiter opposition has brought the Dow Jones Industrial Average up about 65% of the time, the Venus/Pluto square has done the same thing about 59% of the time, and the Sun/Neptune conjunction has been associated with rising stock prices about 63% of the time. This suggests that the urge to rally could be extended a bit more, but with Neptune in the mix so prominently, the markets could come to their senses at any time.
We’ll be watching the markets from the sidelines on Friday, January 30—the last trading day of the week and of the month, too. There’s a void-of-course Moon in play all day, so take any market action and economic announcements then with a grain of salt.
Have a great week!


LAST CHANCE FOR JANUARY SPECIAL OFFERS

My new monograph, Strategies for Creating Personal Wealth in 2004, will go on sale next week 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 you get the password 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. This exclusive offer for subscribers is also available through the end of the month.
This is also the final week to get the special discounted registration price 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!

*****

GLOBAL EQUITIES MARKETS LAST WEEK

Stock markets in the Pacific put in a positive showing last week, but U.S. equities didn’t fare as well. NASDAQ’s six-week winning streak and the Dow’s 8-week winning streak both came to an end; the S&P 500 managed to squeak out another positive week, however.

Dow Jones Industrial Average – down 0.30%
Dow Jones Transportation Average – up 1.21%
Dow Jones Utilities Average – up 1.68%
S& P 500 – up 0.15%
NASDAQ Composite Index – down 0.78%
Russell 2000 – up 0.97%
London FTSE-100 – down 0.60%
Paris CAC-40 – up 0.59%
Frankfurt DAX – up 0.98%
Sydney All Ordinaries – up 1.46%
Tokyo Nikkei – up 1.95%
Hong Kong Hang Seng Index – up 4.43%
Singapore Straits Times Index – up 2.87%


FINANCIAL CYCLES MODEL PORTFOLIO


POSITIONS CLOSED DURING THE PREVIOUS WEEK: CATY, CSGP, MIDD.

We closed three portfolio positions during the previous week, with one winner and two losers producing a net loss of $200.00.

On January 20 we bought to cover 200 shares of Cathay General Bancorp (CATY) at 55.80, taking a profit of $40.00 (a 0.36% gain in 7 trading days).

On January 22 we sold 300 shares of Costar Group, Inc. (CSGP) at 40.65, taking a loss of $120.00 (a 0.97% loss in 16 trading days).

On January 23 we bought to cover 200 shares of Middleby Corporation (MIDD) at 42.85, taking a loss of $120.00 (a 1.42% loss in 1 trading day).

*****


POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS WEEK: PLCM, XICO, MIDD.

We bought 400 shares of Polycom Inc. (PLCM) at 23.00 on 01/20/04, setting our initial stop at 18.50.

We bought 800 shares of Xicor Inc. (XICO) at 13.00 on 01/20/04, setting our initial stop at 10.00.

We sold short 200 shares of Middleby Corporation (MIDD) at 42.25 on 01/22/04, setting our initial buy stop at 42.85.

*****


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.

*****


CURRENT POSITIONS IN THE MODEL PORTFOLIO

Amkor Technology Inc. (AMKR) – bought 500 shares at 19.75 on 01/13/04; currently 19.95. Raise stop to 19.35.

Biosite, Inc. (BSTE) – bought 400 shares at 27.50 on 12/29/03; currently 31.00. Raise stop to 30.10.

Electrolux AB ADR (ELUX) – bought 300 shares at 44.30 on 01/05/04; currently 46.87. Raise stop to 45.75.

MIPS Technologies Inc. (MIPS) – bought 1,000 shares at 6.50 on 01/12/04; currently 7.00. Raise stop to 6.51.

Polycom Inc. (PLCM) – bought 400 shares at 23.00 on 01/20/04; currently 21.70. Raise stop to 20.50.

Xicor Inc. (XICO) – bought 800 shares at 13.00 on 01/20/04; currently 14.70. Raise stop to 13.25.

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 38.74. Raise stop to 37.00 on a closing basis.


*****

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 $21,356.00, for a gain of 0.05% since the portfolio’s inception. Here are our current positions:

Medtronic, Inc. (MDT) – bought 100 shares at 44.25 on 11/24/03; currently 48.55. Raise stop to 47.50.

Teledyne Technologies, Inc. (TDY) – bought 200 shares at 17.60 on 11/24/03; currently 19.30. Raise stop to 18.50.

*****


STRONGEST MARKET SECTORS LAST WEEK

Oil & Gas Equipment & Services; Music & Video Stores; Mortgage Investments; Manufactured Housing; Machine Tools & Accessories.

*****


WEAKEST MARKET SECTORS LAST WEEK

Data Storage Devices; Specialized Semiconductors; Broadline Semiconductors; Long Distance Carriers; Industrial Electrical Equipment.

*****


KEY ASTROLOGICAL EVENTS THIS WEEK

January 25
Heliocentric Mercury contraparallel Heliocentric Saturn 03:34 EST
Uranus square 11/23/03 Solar Eclipse Point 05:07 EST
Void-of-Course Moon 06:09 – 22:06 EST
Mars semisquare 5/31/03 Solar Eclipse Point 06:12 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

January 26
Mercury trine True Lunar Node in right ascension 00:32 EST
Mars sesquiquadrate Cupido 03:13 EST
Sun in 24th harmonic to Chiron 07:03 EST
Heliocentric Earth square Heliocentric Poseidon 08:16 EST
Pluto quincunx Admetos 10:12 EST
Sun sextile Cupido in right ascension 10:43 EST
Sun quincunx Saturn in right ascension 11:09 EST
Mercury semisextile Neptune in right ascension 14:40 EST
Saturn quincunx Cupido in right ascension 16:03 EST
Mercury at minimum declination 17:09 EST
Heliocentric Venus square Heliocentric Neptune 18:28 EST
Sun semisquare Pluto 18:39 EST
Heliocentric Mercury parallel Heliocentric Neptune 18:46 EST
Pluto at minimum declination 22:18 EST

January 27
Sun square Poseidon 00:12 EST
Mars sesquiquadrate Cupido in right ascension 01:51 EST
Heliocentric Mercury sextile Heliocentric Chiron 03:47 EST
Heliocentric Mercury semisextile Heliocentric Pluto 06:31 EST
Sun sesquiquadrate Hades 07:58 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Poseidon 13:42 EST
Heliocentric Earth in 24th harmonic to Heliocentric Vulcanus 22:09 EST
Heliocentric Mercury opposition Heliocentric Admetos 23:27 EST
Void-of-Course Moon begins 23:59 EST

January 28
Venus in 24th harmonic to Uranus 01:13 EST
Sun quincunx Saturn 01:24 EST
Heliocentric Earth semisquare Heliocentric Hades 02:29 EST
Heliocentric Earth sextile Heliocentric Zeus 02:39 EST
Heliocentric Mercury trine Heliocentric Vulcanus 03:06 EST
Heliocentric Mercury contraparallel Heliocentric Mars 03:48 EST
Heliocentric Mercury quincunx Heliocentric Hades 04:38 EST
Heliocentric Mercury semisquare Heliocentric Zeus 04:41 EST
Heliocentric Mars quincunx Heliocentric Poseidon 05:39 EST
Venus sextile True Lunar Node 06:06 EST
Heliocentric Mercury parallel Heliocentric Saturn 06:12 EST
Mars square Vulcanus in right ascension 06:40 EST
Heliocentric Mercury semisextile Heliocentric Apollon 07:38 EST
Void-of-Course Moon ends 07:46 EST
Mercury semisquare Uranus 11:43 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Cupido 13:25 EST
Heliocentric Venus semisquare Heliocentric Kronos 15:26 EST
Mercury trine True Lunar Node 15:31 EST
Heliocentric Mercury parallel Heliocentric Uranus 20:06 EST
Venus contraparallel Jupiter 20:23 EST
True Lunar Node conjunct 11/09/03 Lunar Eclipse Point 20:24 EST
Venus contraparallel Jupiter in right ascension 20:26 EST
Sun trine Zeus 22:15 EST
Venus sextile Admetos in right ascension 23:13 EST
Sun contraparallel Admetos 23:54 EST

January 29
Sun contraparallel Admetos in right ascension 00:57 EST
Mercury semisquare Uranus in right ascension 02:19 EST
Heliocentric Earth trine Heliocentric Cupido 03:21 EST
Mercury trine Admetos in right ascension 05:22 EST
Heliocentric Mercury sesquiquadrate Heliocentric Saturn 06:53 EST
Venus sesquiquadrate Poseidon in right ascension 06:55 EST
Venus opposition Jupiter 07:00 EST
True Lunar Node direct station 08:42 EST
Venus opposition Jupiter in right ascension 09:08 EST
Heliocentric Mercury contraparallel Heliocentric Cupido 09:20 EST
Mars sesquiquadrate 12/04/02 Solar Eclipse Point 10:14 EST
Pluto opposition Hades in right ascension 12:26 EST
Mercury trine Jupiter in right ascension 12:28 EST
Mercury trine Jupiter 13:08 EST
True Lunar Node retrograde station 13:59 EST
Heliocentric Mercury parallel Heliocentric Hades 14:24 EST
Mercury contraparallel Saturn 17:13 EST
Mercury contraparallel Saturn in right ascension 17:50 EST
Void-of-Course Moon begins 21:04 EST
Mercury sextile Venus in right ascension 21:57 EST
Heliocentric Mercury contraparallel Heliocentric Jupiter 22:39 EST

January 30
Heliocentric Mars contraparallel Heliocentric Saturn 03:00 EST
Sun sextile Cupido 07:38 EST
Heliocentric Mars in 24th harmonic to Heliocentric Admetos 10:40 EST
Jupiter semisquare Poseidon in right ascension 17:59 EST
Heliocentric Mercury enters Sagittarius 18:25 EST
Mercury quincunx Hades in right ascension 18:26 EST
Mercury semisextile Pluto in right ascension 19:14 EST
Void-of-Course Moon ends 20:18 EST

January 31
Heliocentric Mercury quincunx Heliocentric Kronos 01:39 EST
Venus square Hades in right ascension 02:17 EST
Heliocentric Venus trine Heliocentric Chiron 02:52 EST
Heliocentric Mercury parallel Heliocentric Venus 02:57 EST
Venus square Pluto in right ascension 03:43 EST
Mercury sextile Venus 05:55 EST
Heliocentric Earth semisextile Heliocentric Saturn 05:56 EST
Heliocentric Mars semisquare Heliocentric Vulcanus 06:28 EST
Mercury conjunct Chiron in right ascension 06:46 EST
Heliocentric Venus quincunx Heliocentric Pluto 06:54 EST
Mercury square Apollon in right ascension 07:37 EST
Lunar apogee 09:07 EST
Chiron trine Admetos 11:46 EST
Heliocentric Mars in 24th harmonic to Heliocentric Hades 15:02 EST
Heliocentric Mars trine Heliocentric Zeus 15:16 EST
Heliocentric Mercury square Heliocentric Uranus 16:26 EST
Heliocentric Earth semisextile Heliocentric Jupiter 19:57 EST
Chiron square Apollon in right ascension 20:32 EST
Venus quincunx Apollon in right ascension 20:49 EST
Venus sextile Chiron in right ascension 20:51 EST
Sun square True Lunar Node in right ascension 23:57 EST

February 1
Mercury trine Admetos 01:01 EST
Mars contraparallel Uranus 01:25 EST
Mars contraparallel Uranus in right ascension 01:26 EST
Mercury conjunct Chiron 01:55 EST
Neptune sesquiquadrate Kronos in right ascension 03:18 EST
Mercury semisextile Pluto 03:53 EST
Venus sextile Admetos 04:26 EST
Venus sextile Chiron 05:48 EST
Mercury semisquare Cupido in right ascension 06:01 EST
Mars square 11/23/03 Solar Eclipse Antiscion 06:25 EST
Heliocentric Mars sesquiquadrate Heliocentric Apollon 07:18 EST
Venus square Pluto 07:56 EST
Venus sesquiquadrate Poseidon 09:39 EST
Mercury quincunx Hades 09:58 EST
Heliocentric Mercury semisquare Heliocentric Chiron 12:04 EST
Heliocentric Venus conjunct Heliocentric Admetos 13:05 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Pluto 14:14 EST
Mercury opposition Vulcanus in right ascension 14:56 EST
Venus square Hades 15:00 EST
Mercury opposition Vulcanus 16:58 EST
Heliocentric Venus sextile Heliocentric Vulcanus 19:36 EST
Heliocentric Mercury semisextile Heliocentric Poseidon 21:32 EST
Heliocentric Venus semisextile Heliocentric Hades 22:27 EST
Heliocentric Venus sesquiquadrate Heliocentric Zeus 22:30 EST
Venus trine Vulcanus 23:22 EST


*****


STOCKS TO WATCH: ARTC, CEDC, NGPS, RFMI.

Arthrocare Corporation (ARTC)
First Trade Date: 02/05/1996; 09:30 a.m.
Trading Strategy: ARTC has been moving up nicely since last summer, but it started to hit some resistance recently as Saturn moved with orb of its First-Trade Nadir. This stock is currently trading at prices 5.8% off its 52-week high; we think it has a good chance of moving up again to that price level or higher, at least for the near term. Saturn will cross the First-Trade angle again in April, and transiting Chiron, moving into its spring station, will be exactly conjunct the ARTC First-Trade Neptune in late April and early May—neither of these are particularly positive indicators. We’ve been tracking geocentric planetary lines for the True Lunar Node at 19.91 and for Jupiter at 27.72, which are helping to define the current support zone between 24.72 and 25.07. Geocentric Apollon at 19.88 helps define a pivot point at 25.71, and geocentric Chiron at 19.43 set last week’s trading channel. Our plan is to add a long position in ARTC to the Model Portfolio during the middle of this week; we will set our initial stop at 24.37.

Central European Distribution Corporation (CEDC)
First Trade Date: 07/28/1998; 09:30 a.m.
Trading Strategy: Jupiter is currently crossing the CEDC First-Trade Ascendant; it will square the First-Trade Midheaven in mid-February. Saturn, in the meantime, is staying well away from any hard aspects to the First-Trade chart until May, when it will conjoin First-Trade Venus. We’ve set our geocentric planetary lines at 35.79 for Jupiter, 18.25 for Zeus, and 78.00 for Hades—Zeus and Hades have combined recently to give this stock a strong support zone. It looks like a great situation for possible price appreciation, so we plan to a long position in CEDC to the Model Portfolio by mid-week, setting our initial stop at 31.55.

Novatel Inc. (NGPS)
First Trade Date: 02/04/1997; 09:30 a.m.
Trading Strategy: We’ve charted this stock with geocentric planetary lines for Chiron at 21.20, Poseidon at 21.32, and Mars at 18.59 (Mars is important for NGPS because it made a retrograde station just two days after the NGPS First-Trade date). The Mars line sets the speed and the price trend nicely, while Poseidon establishes important price zones (NGPS gapped over this line on January 15) and Chiron neatly defines the current trading range. Transiting Saturn is crossing the First-Trade Nadir, so it’s not unusual to see this stock hitting some resistance; Jupiter will soon form a semisquare to the First-Trade Chiron/Poseidon conjunction, and we expect that to add some extra price energy. We will add a long position in NGPS to the Model Portfolio by the middle of this week, setting our initial stop at 12.03.

R F Monolithics Inc. (RFMI)
First Trade Date: 07/28/1994; 09:30 a.m.
Trading Strategy: Jupiter is not only conjoining the RFMI First-Trade Ascendant; it’s conjunct the First-Trade Venus, too! Saturn, meanwhile, will be behaving itself nicely during the next few months as far as transits to the RFMI First-Trade chart are concerned—this sets the stage for more positive action by this stock. A Pluto line set geocentrically at 23.53 marks the trading range for this stock quite effectively. We’ll add a long position in RFMI to the Model Portfolio this week, setting our initial stop at 11.75.



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.

*****

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

Name_____________________________________________________________________________

Address___________________________________________________________________________

City______________________________State_________ZipCode__________Country___________

Phone___________________________Fax_____________________Email:____________________


EARLY BIRD SPECIAL FEE:
SPECIAL OFFER FOR FINANCIAL CYCLES SUBSCRIBERS ONLY

$530US before Jan. 31, 2004 (OTHERS $620)
$800US after Feb. 1, 2004 $1025 at door
Payment by: Check Visa MasterCard
(Make checks payable to AEC)

Credit Card Number____________________________________Exp. Date________

Grace K. Morris, M.A. HOTEL ACCOMMODATIONS:
Astro Economics Inc. – Dept TB Radisson Suite Beach Resort on Marco Island
1415 W 22nd St., Tower Floor 600 South Collier Boulevard
Oak Brook, IL 60523 Marco Island, FL 34145-5604
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 @ 1/25/2004 11:21:54 PM