FINANCIAL CYCLES WEEKLY UPDATE #0405 – February 1-7, 2004 with TIM BOST

COMMENT: Our comments last week about weapons inspector David Kay prompted a response from our friend and colleague Bill Meridian, author of Planetary Stock Trading. “David Kay resigned,” he pointed out, “stating he does not believe Iraq has any large stockpiles of WMD and the WMD they possessed were shipped to Syria before the US attack. The media is publicizing the former but ignoring the later elements of Kay’s revelation.”
Bill Meridian was right, of course, about the media—as usual, the parts left out of the story are more revealing than the parts that get mentioned. As we noted, David Kay also insisted that the apparent intelligence failure in Iraq should not be turned into a political issue, but that under-reported comment was soon forgotten in the media headlines and political debate.
The real point here is that we all tend to view reality through our own unique pairs of spectacles, and that we will typically pounce on anything that looks like evidence to support our own pre-conceived biases. That’s true in religion and politics, of course, but it’s also true in relationships and in the markets. And when we begin to view the markets exclusively through our own set of spectacles, we can often slip into the dangerous tendency of trying to be right in our trading, rather than taking losses willingly as we pay attention to what the market action is trying to tell us.
So what color spectacles would you prefer?
We said in our last issue that “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.” The reality check certainly came through, with the Fed hinting that interest rates won’t stay low forever and some remarkable earnings disappointments added to the mix. Winn-Dixie Stores (WIN) was a dramatic case in point—analysts had forecast an 8-cents-per-share gain for the quarter, but when the report came out, WIN had lost 57 cents a share! Talk about a negative earnings surprise!
Wall Street responded to this kind of news—and to the Fed’s innuendos—with a big shift in the flow of capital. By the week’s end, the Dow Financial Index had lost 2 percent, and the Housing Index was down 4 percent. And with the news that the 8.2 percent GDP growth rate of the Third Quarter had been cut to just 4 percent in the Fourth Quarter, there were some economic reasons for the new-found sobriety, too.
With an election year underway, needless to say, the tendency is to keep our individual spectacles firmly in place, and to look for chances to see events in well-defined contrasts. But the contrasts just aren’t always there, as the muddled efforts of the Democratic presidential contenders so amply demonstrate. And if there’s a common theme in public sentiment these days, it seems be one of general dissatisfaction and disassociation with government at all levels, and in all forms. In fact, in a recent survey 600 registered voters were asked what they thought was “the most important achievement of Congress in 2003.” 55 percent of them said they couldn’t think of any at all, and another 6 percent simply refused to answer the question.
It all makes us consider a visit to the optometrist, or at least want to give a good cleaning to the glasses we’ve got. But thanks to some recent news, there’s at least some hope of getting a fresh perspective. The BBC reported on the finding of a captive African grey parrot named N’kisi who has an unparallel ability to communicate with people. The bird has a vocabulary of 950 words, shows some evidence of having a sense of humor, and even makes up new words and phrases when he experiences novel ideas and circumstances. He uses different verb tenses fluently, matches his language to the context of a conversation, and exhibits a high level of telepathic ability as well.
In short, N’kisi not only displays what Alison Hales of the World Parrot Trust has called an “amazing vocabulary and sense of humour,” but also shows more intelligence than most of the politicians and market pundits we encounter on a regular basis.
Can an N’kisi for President campaign be far behind?


THE WEEK AHEAD

The earnings season is still in full swing, with more than 700 companies scheduled to report this week. The biggest will be Aflac (AFL), Avon Products (AVP), Boston Scientific (BSX), Gannett (GCI), International Paper (IP), Cisco Systems (CSCO), Emerson Electronics (EMR), Colgate Palmolive (CL), HCA (HCA), First Data (FDC), Sprint (FON), Tyco (TYC), Anheuser Busch (BUD), Allstate (ALL), Cendant (CD), Northrop Grumman (NOC), Walt Disney (DIS), Maxim Integrated (MXIM), and Pepsico (PEP).
There’s a pretty full calendar in the realm of economic reports this week as well. We should be getting the numbers for December Personal Income and Personal Spending, December Construction Spending, January Auto Sales, the ISM Manufacturing Index and Non-Manufacturing Index, December Factory Orders, Fourth Quarter Productivity, December Consumer Credit, and the much-anticipated January employment reports, including Unemployment Rate, Nonfarm Payrolls, Hourly Earnings, and Average Workweek.
The astrological outlook for the week is largely focused on the conjunction of Neptune and the Sun, which tends to cast light on areas that have been concealed or misunderstood. We may thus see some illusions shattered, not only when we get earnings reports and economic figures, but in the general geopolitical arena as well. We are also moving toward a Full Moon at the end of the trading week, although void-of-course lunar periods impact trading on Wednesday and Friday afternoons.
The hypothetical transneptunian planets figure quite prominently this week, too—we have an Ademtos direct station and a Poseidon retrograde station to add to the mix. Although Poseidon can be associated with propaganda efforts, it is also all about illumination and the kind of higher insights that accompany true wisdom. Admetos, on the other hand, brings boundaries, limits, and turning points in the most severe way. Perhaps, then, as the Sun/Neptune conjunction helps dispel some market misconceptions, savvy traders will have the wisdom to see that a significant turning point has been reached, and it’s time for a full-blown market correction. At least we can hope for that!
Have a wonderful week!

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GLOBAL EQUITIES MARKETS LAST WEEK

Stocks sold off sharply around the world last week, with Hong Kong and Tokyo showing some of the most dramatic reversals. In the US, only the Dow Utilities managed to finish the week with a gain, while transportation issues went into a nose-dive.

Dow Jones Industrial Average – down 0.76%
Dow Jones Transportation Average – down 6.09%
Dow Jones Utilities Average – up 0.24%
S& P 500 – down 0.91%
NASDAQ Composite Index – down 2.72%
Russell 2000 – down 2.58%
London FTSE-100 – down 1.57%
Paris CAC-40 – down 1.49%
Frankfurt DAX – down 2.25%
Sydney All Ordinaries – down 1.87%
Tokyo Nikkei – down 2.58%
Hong Kong Hang Seng Index – down 3.35%
Singapore Straits Times Index – down 2.18%


FINANCIAL CYCLES MODEL PORTFOLIO


POSITIONS CLOSED DURING THE PREVIOUS WEEK: BSTE, MIPS, YELL, AMKR, CEDC, ELUX.

We closed eight portfolio positions during the previous week, with four winners and four losers producing a net profit of $2,296.50.

On January 27 we sold 400 shares of Biosite, Inc. (BSTE) at 30.10, taking a profit of $1,040.00 (a 9.45% gain in 19 trading days).

On January 28 we sold 1,000 shares of MIPS Technologies Inc. (MIPS) at 6.51, taking a profit of $10.00 (a 0.15% gain in 11 trading days).

On January 28 we sold 350 shares of Yellow Roadway Corporation (YELL) at 37.00, taking a profit of $1,522.50 (a 13.32% gain in 29 trading days).

On January 29 we sold 500 shares of Amkor Technology Inc. (AMKR) at 19.35, taking a loss of $200.00 (a 2.03% loss in 10 trading days).

On January 29 we sold 300 shares of Central European Distribution Corporation (CEDC) at 31.55, taking a loss of $135.00 (a 1.41% loss in 1 trading day).

On January 29 we sold 300 shares of Electrolux AB ADR (ELUX) at 45.75, taking a profit of $435.00 (a 3.27% gain in 17 trading days).

On January 29 we sold 800 shares of Novatel Inc. (NGPS) at 12.03, taking a loss of $216.00 (a 2.20% loss in 1 trading day).

On January 30 we sold 800 shares of R F Monolithics Inc. (RFMI) at 11.75, taking a loss of $160.00 (a 1.67% loss in 1 trading day).

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POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS WEEK: CEDC, NGPS, ARTC, RFMI.

We bought 300 shares of Central European Distribution Corporation (CEDC) at 32.00 on 01/28/04, setting our initial stop at 31.55.

We bought 800 shares of Novatel Inc. (NGPS) at 12.30 on 01/28/04, setting our initial stop at 12.03.

We bought 400 shares of Arthrocare Corporation (ARTC) at 24.25 on 01/29/04, setting our initial stop at 23.00.

We bought 800 shares of R F Monolithics Inc. (RFMI) at 11.95 on 01/29/04, setting our initial stop at 11.75.

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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.

So far this year we have had a total of 18 completed trades, with 7 winners and 11 losers bringing us a total net profit of $1,012.50. The largest profit for a single trade has been $1,522.50; the largest single-trade loss has been $420.00; the average profit per trade has been $56.25. The mean duration of our trades has been 9.3 trading days.

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

Arthrocare Corporation (ARTC) -- bought 400 shares at 24.25 on 01/29/04; currently 24.48. Raise stop to 23.25.

Polycom Inc. (PLCM) – bought 400 shares at 23.00 on 01/20/04; currently 23.77. Raise stop to 21.25.

Xicor Inc. (XICO) – bought 800 shares at 13.00 on 01/20/04; currently 14.23. Raise stop to 13.30.

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ECLIPSE PORTFOLIO

Our Eclipse Portfolio is an experiment in longer-term stock market positions, as opposed to the more active trading positions in the Financial Cycles Model Portfolio, which we are currently holding for an average of 9.3 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 alternative investment strategies.
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 $21,413.00, for a gain of 0.32% since the portfolio’s inception. Here are our current positions:

Medtronic, Inc. (MDT) – bought 100 shares at 44.25 on 11/24/03; currently 49.22. Stop set at 47.50.

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

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STRONGEST MARKET SECTORS LAST WEEK

Processing Systems & Products; Meat Products; Healthcare Facilities REITs; Office REITs; Drug Related Products.

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WEAKEST MARKET SECTORS LAST WEEK

Regional Airlines; Semiconductor Equipment & Materials; Trucking; Hospitals; Radio Broadcasting.

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KEY ASTROLOGICAL EVENTS THIS WEEK


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

February 2
Sun parallel Neptune 01:48 EST
Sun parallel Neptune in right ascension 01:53 EST
Sun sesquiquadrate Kronos in right ascension 03:30 EST
Heliocentric Venus quincunx Heliocentric Apollon 03:45 EST
Sun conjunct Neptune 04:28 EST
Heliocentric Earth opposition Heliocentric Neptune 04:37 EST
Sun conjunct Neptune in right ascension 04:43 EST
Void-of-Course Moon 07:56 – 09:03 EST
Heliocentric Mercury sesquiquadrate Heliocentric Vulcanus 11:27 EST
Heliocentric Mercury sextile Heliocentric Zeus 13:08 EST
Heliocentric Venus in 24th harmonic to Heliocentric Mars 13:43 EST
Neptune apogee 14:00 EST
Heliocentric Mars opposition Heliocentric Cupido 15:18 EST
Heliocentric Mercury semisquare Heliocentric Apollon 16:12 EST
Venus trine Vulcanus in right ascension 17:03 EST
Poseidon retrograde station in right ascension 18:09 EST
Mercury square Apollon 18:54 EST
Pluto semisextile Chiron 21:32 EST
Mars conjunct 04/19/04 Solar Eclipse Point 22:08 EST
Heliocentric Mercury conjunct Heliocentric Cupido 22:18 EST
Sun contraparallel True Lunar Node in right ascension 22:27 EST
Venus parallel Zeus 22:46 EST
Sun contraparallel True Lunar Node 22:51 EST
Heliocentric Mercury opposition Heliocentric Mars 23:57 EST

February 3
Venus parallel Zeus in right ascension 00:15 EST
Mercury contraparallel Hades 04:15 EST
Mars enters Taurus 05:04 EST
Venus quincunx Apollon 06:36 EST
Mercury contraparallel Hades in right ascension 06:49 EST
Poseidon retrograde station 08:36 EST
Saturn in 24th harmonic to Vulcanus 12:52 EST
Mars sextile Kronos 14:26 EST
Mercury semisquare Cupido 14:34 EST
Heliocentric Mercury quincunx Heliocentric Saturn 17:57 EST

February 4
Heliocentric Venus semisquare Heliocentric Saturn 00:05 EST
Heliocentric Mercury square Heliocentric Jupiter 00:06 EST
Jupiter trine Admetos in right ascension 04:48 EST
Admetos direct station in right ascension 08:38 EST
Mercury square Mars in right ascension 09:21 EST
Heliocentric Mercury sextile Heliocentric Neptune 10:09 EST
Sun sesquiquadrate Kronos 12:36 EST
Void-of-Course Moon 12:52 – 19:50 EST
Pluto semisquare Poseidon 13:47 EST
Heliocentric Venus contraparallel Heliocentric Jupiter 15:20 EST
Saturn square Zeus in right ascension 16:31 EST
Admetos direct station 16:40 EST
Mars in 24th harmonic to True Lunar Node 18:57 EST

February 5
Heliocentric Earth semisquare Heliocentric Kronos 03:06 EST
Sun square True Lunar Node 04:32 EST
Mercury enters Aquarius in right ascension 09:55 EST
Mercury quincunx Kronos in right ascension 13:48 EST
Sun quincunx Jupiter in right ascension 14:28 EST
Mercury in 24th harmonic to Neptune 15:10 EST
Heliocentric Earth trine Heliocentric Mercury 17:21 EST
Sun square Admetos in right ascension 17:23 EST
Chiron quincunx Hades 22:37 EST
Heliocentric Venus parallel Heliocentric Hades 23:50 EST

February 6
Mercury aphelion 01:01 EST
Sun in 24th harmonic to Uranus 03:36 EST
Full Moon 03:47 EST
Mercury contraparallel Vulcanus 04:08 EST
Mars sextile Uranus 04:22 EST
Mercury contraparallel Vulcanus in right ascension 05:47 EST
Sun quincunx Jupiter 09:53 EST
Heliocentric Venus enters Gemini 11:16 EST
Void-of-Course Moon begins 12:38 EST
Venus semisquare True Lunar Node in right ascension 13:11 EST
Mars sesquiquadrate Jupiter 13:44 EST
Heliocentric Venus contraparallel Heliocentric Cupido 19:00 EST
Venus semisquare Neptune 19:39 EST
Mercury enters Aquarius 23:18 EST
Heliocentric Mercury semisextile Heliocentric Chiron 23:56 EST

February 7
Heliocentric Venus semisextile Heliocentric Kronos 00:02 EST
Mars enters Taurus in right ascension 01:19 EST
Heliocentric Mercury conjunct Heliocentric Pluto 01:23 EST
Mercury quincunx Kronos 02:45 EST
Void-of-Course Moon ends 04:03 EST
Heliocentric Mars semisextile Heliocentric Saturn 04:23 EST
Heliocentric Mercury semisquare Heliocentric Poseidon 08:30 EST
Mars sextile Kronos in right ascension 10:43 EST
Sun parallel Chiron 14:20 EST
Mercury sesquiquadrate Jupiter in right ascension 16:06 EST
Heliocentric Mercury quincunx Heliocentric Admetos 18:42 EST
Heliocentric Mercury quincunx Heliocentric Vulcanus 22:30 EST
Sun trine Hades in right ascension 23:06 EST

February 8
Heliocentric Mercury opposition Heliocentric Hades 00:13 EST
Mercury semisextile Uranus in right ascension 01:51 EST
Mercury square Poseidon in right ascension 02:02 EST
Heliocentric Venus square Heliocentric Uranus 02:43 EST
Heliocentric Mercury sextile Heliocentric Apollon 03:15 EST
Mercury sesquiquadrate Jupiter 06:29 EST
Venus enters Aries in right ascension 06:32 EST
Mercury semisextile Uranus 07:09 EST
Uranus trine Poseidon in right ascension 07:09 EST
Sun sextile Pluto in right ascension 07:45 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Cupido 09:28 EST
True Lunar Node semisquare Kronos 10:47 EST
Venus enters Aries 11:20 EST
Venus square Kronos in right ascension 11:43 EST
Mercury parallel Cupido 14:46 EST
Venus semisquare True Lunar Node 14:57 EST
Venus square Kronos 15:28 EST
Mercury parallel Cupido in right ascension 16:00 EST
Void-of-Course Moon begins 19:23 EST
Venus semisquare Neptune in right ascension 20:01 EST
Sun trine Apollon in right ascension 20:34 EST
Heliocentric Venus parallel Heliocentric Uranus 20:36 EST

*****


STOCKS TO WATCH: CTX, FSII, RIMM, SMG, SPLS.

Centex Corporation (CTX)
NYSE; Optionable
First Trade Date: 12/28/1971; 10:00 a.m.
Trading Strategy: The trading range for CTX has been defined recently by a geocentric Apollon line at 18.38 providing resistance and a geocentric Pluto line at 18.20 providing support, with secondary support coming from geocentric Jupiter at 26.16. Transiting Saturn in opposition to the CTX First-Trade Sun is currently keeping the price of this stock down a bit, but transiting Pluto is conjunct the First-Trade Jupiter, which is extremely positive. We also like the looks of transiting Poseidon semisquare First-Trade Jupiter and transiting Cupido semisquare First-Trade Cupido, so we will add a long position in CTX to the Model Portfolio this week, setting our initial stop at 97.85.

F S I International Inc. (FSII)
NASDAQ
First Trade Date: 01/19/1989; 09:30 a.m.
Trading Strategy: With Jupiter currently conjunct the First-Trade Descendant for this stock, there’s lots of energy to trade on here. FSII has been focusing on a geocentric Apollon line at 19.45, with geocentric Admetos at 42.51 providing resistance. With the added kickers of a Mars return and transiting Jupiter sesquiquadrate First-Trade Mars, we’re ready to add a long position in FSII to the Model Portfolio immediately. We will set our initial stop at 8.50.

Research In Motion Ltd. (RIMM)
NASDAQ; Optionable
First Trade Date: 02/04/1999; 09:30 a.m.
Trading Strategy: Saturn is on the First-Trade IC for the manufacturer of Blackberry communications devices, but that’s not the whole story. The current Sun/Neptune conjunction is powerfully activating the RIMM First-Trade Uranus, and transiting Cupido is conjunct First-Trade Pluto. Cupido and two other transneptunians figure prominently in the trading pattern for this stock as well—the active planetary lines seem to be geocentric Cupido at 243.1, geocentric Admetos at 123.5, and geocentric Poseidon at 214.2. It all adds up to a situation in which we’re ready for an immediate long position in this stock; we’ll set our initial stop for RIMM at 79.30.

Scotts Company (SMG)
NYSE; Optionable
First Trade Date: 12/29/1995; 09:30 a.m.
Trading Strategy: This stock recently gapped up on heavy trading volume, a solid indicator of price strength. Even so, transiting Saturn is in opposition to the SMG First-Trade Sun, so it wouldn’t be surprising to see support forming above that gap. When you add the dynamic of the current Sun/Neptune conjunction hitting the SMG First-Trade Ascendant, things get really interesting. In addition, we’re looking for an extra price push from transiting Vulcanus in opposition to First-Trade Mars and transiting Jupiter semisquare First-Trade Poseidon. Planetary lines for geocentric Jupiter at 26.89 and geocentric Zeus at 18.22 reveal some of the hidden factors behind the gap; Zeus is important here because it made a retrograde station just two days after the First-Trade. We will be adding a long position in SMG to the Model Portfolio this week, setting our initial stop at 62.55.

Staples Inc. (SPLS)
NASDAQ; Optionable
First Trade Date: 08/20/1997; 09:30 a.m.
Trading Strategy: Saturn is currently closing in on the SPLS First-Trade Ascendant, and transiting Vulcanus is semisquare the SPLS First-Trade Hades—an aspect that will be in play well into the summer months. This is a combination that could provide the foundation for a higher move by this stock, especially with transiting Uranus getting ready to conjoin the First-Trade True Lunar Node in a couple of weeks. Uranus, in fact, figures pretty prominently for this stock—since last fall SPLS has been trading in a range defined by a 27.52 geocentric Uranus line and a 28.23 geocentric Neptune line, with a 43.35 geocentric Admetos line providing secondary resistance. If SPLS trades above that Admetos line, with intraday prices at 26.82 or better, we will initiate a long position for the Model Portfolio this week. We will set our initial stop at 24.89.




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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posted by Tim Bost @ 2/01/2004 11:24:34 PM