FINANCIAL CYCLES WEEKLY UPDATE #0406 – February 8-14, 2004 with TIM BOST

COMMENT: After getting approval from U.S. regulators last week, Eurex US started trading in U.S. Treasury derivatives on Sunday evening in Chicago. The first trades on the new exchange, in 30-year Treasury bond futures, took place at 7:00 p.m. CST February 8 (01:00 GMT February 9).
Eurex US has gotten underway in direct competition with the Chicago Board of Trade, which has dominated the Treasury futures market for the last three decades. The new exchange is owned by Deutsche Boerse and the Swiss Stock Exchange.
Some interesting astrological dynamics get revealed from a comparison of the horoscope for this beginning with that of the inception of the CBOT (11:10 a.m. on February 18, 1859). Mars in the Eurex chart conjoins Vulcanus in the CBOT figure, suggesting a direct assault on the powerful dominance of the CBOT. At the same time, the Eurex Vulcanus conjoins the CBOT Apollon, so this major power play is likely to have a serious impact on the Board of Trade’s ability to expand its influence even farther.
In fact, with the Eurex Neptune right on the CBOT Midheaven, the Board of Trade may even get a little confused about its real identity and about the role it is to play in the futures markets. But the ability of the Chicago Board of Trade to connect with the public is not likely to be damaged, and since the Eurex Jupiter conjoins the CBOT Moon, the competitive situation may actually wind up strengthening and enhancing both organizations. And the CBOT isn’t resting on its laurels. It has already announced a program of temporary fee reductions for electronic trading, apparently hoping to keep at least some of its regular traders from jumping ship and going over to Eurex.
If anything, we anticipate there being more than enough business to go around for both of the exchanges. We might even call it the silver lining to the ominous dark cloud of the escalating U.S. federal debt, which is skyrocketing at a staggering rate and creating a lot of desire to hedge Treasury positions in order to protect against future interest rate changes and currency fluctuations.
For yet another time, the employment numbers released last week disappointed analysts. The pundits had predicted that about 160,000 new jobs would be created in January as a part of the much-touted economic recovery, but when the numbers came in they showed only 112, 000 new additions to U.S. payrolls. As we noted last week, the Sun/Neptune conjunction has a tendency “to cast light on areas that have been concealed or misunderstood. We may thus see some illusions shattered.”
The shattering of the illusory employment expectations didn’t quite get the market’s head of the sand, however. With its usual convoluted logic, Wall Street figured that more bad news on employment was actually good news, because it meant that the Federal Reserve is less likely to raise interest rates any time soon, and will probably wait until August instead of putting in rate hikes in June.


THE WEEK AHEAD

With roughly 900 companies reporting earnings this week, there will be plenty of news to keep market-watchers busy. Those reporting will include Alcan (AL), Interactive (IACI) Hughes Electronics (HS), Zimmer Holdings (ZMH), Marriott International (MAR), MetLife (MET), Prudential (PRU), XL Capital (XL), Viacom (VIA), Alcon (ACL), American International Group (AIG), Clorox (CLX), Coca-Cola (KO), Comcast (CMCSA), Deere (DE), Fox Entertainment (FOX), Medco Health (MHS), Aetna (AET), Analog Devices (ADI), Walt Disney (DIS), Baker Hughes (BHI), Dell Computer (DELL), Cox Communications (COX), Loews Corporation (LTR), Medtronic (MDT), Barrick Gold (ABX), Waste Management (WMI), Campbell Soup (CPB), and Masco (MAS).
The economic reports for the week will include December Business Inventories and Wholesale Inventories, January Retail Sales, the December Trade Balance, the January Treasury Budget Report, January Export and Import Prices, and the preliminary February figures on Consumer Sentiment from the University of Michigan. Other events of interest include an OPEC meeting in Algeria on Tuesday (look for higher oil prices) and Federal Reserve Chairman Alan Greenspan giving his semi-annual report on monetary policy to the House Financial Services Committee on Wednesday. Mr. Greenspan will be speaking while there’s a void-of-course Moon in Libra, so we can look for his noted ability to obfuscate and prevaricate to be in rare form!
This isn’t a particularly flashy week astrologically, but there are still some factors we need to keep an eye on. A void-of-course Moon will cover the first 45 minutes or so of trading on Monday, so it’s wise not to leap in too early with new positions. Void Moons also dominate Wednesday (until 3:00 p.m. New York time) and Friday (void throughout the entire trading day). Wednesday has the added energy of an eclipse trigger from Mars and a Pluto/Hades opposition, which could add a little upset to the market picture. Things look very positive for speculative action on Thursday, however, with Mercury trine Zeus, the Sun parallel Poseidon, and the Sun trine Apollon.
Have a great week!

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GLOBAL EQUITIES MARKETS LAST WEEK

Stocks barely managed to eke out some gains last week in the U.S. and parts of Asia, but continued on the downside in Europe. Tokyo’s Nikkei was the big loser for the week, with nearly a 3% loss—we use heliocentric Admetos and Vulcanus lines set at 24 to track support and resistance for this average; it’s currently having a tough time breaking through Vulcanus. In the process, the Nikkei looks a lot like it is forming a double top—an indicator of even lower prices ahead.

Dow Jones Industrial Average – up 1.00%
Dow Jones Transportation Average – up 0.29%
Dow Jones Utilities Average – down 0.91%
S& P 500 – up 1.03%
NASDAQ Composite Index – down 0.10%
Russell 2000 – up 0.57%
London FTSE-100 – up 0.27%
Paris CAC-40 – down 0.38%
Frankfurt DAX – down 0.34%
Sydney All Ordinaries – up 0.04%
Tokyo Nikkei – down 2.99%
Hong Kong Hang Seng Index – up 0.15%
Singapore Straits Times Index – up 0.33%


FINANCIAL CYCLES MODEL PORTFOLIO


POSITIONS CLOSED DURING THE PREVIOUS WEEK: ARTC, XICO.

We closed two portfolio positions during the previous week, with one winner and one loser producing a net loss of $160.00.

On February 3 we sold 800 shares of Xicor Inc. (XICO) at 13.30, taking a profit of $240.00 (a 2.31% gain in 10 trading days).

On February 6 we sold 400 shares of Arthrocare Corporation (ARTC) at 23.25, taking a loss of $400.00 (a 4.12% loss in 6 trading days).

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POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS WEEK: FSII, RIMM, CTX, SMG, SPLS.

We bought 1,000 shares of F S I International Inc. (FSII) at 8.55 on 02/02/04, setting our initial stop at 7.95.

We bought 200 shares of Research In Motion Ltd. (RIMM) at 83.75 on 02/02/04, setting our initial stop at 79.30.

We bought 100 shares of Centex Corporation (CTX) at 94.50 on 02/05/04, setting our initial stop at 88.98.

We bought 200 shares of Scotts Company (SMG) at 61.50 on 02/05/04, setting our initial stop at 60.73.

We bought 400 shares of Staples Inc. (SPLS) at 25.75 on 02/05/04, setting our initial stop at 24.89.

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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 20 completed trades, with 8 winners and 12 losers bringing us a total net profit of $852.50. 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 $42.63. The mean duration of our trades has been 9.2 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

Centex Corporation (CTX) – bought 100 shares at 94.50 on 02/05/04; currently 98.91. Raise stop to 93.75.

F S I International Inc. (FSII) – bought 1,000 shares at 8.55 on 02/02/04; currently 8.19. Stop set at 7.95.

Polycom Inc. (PLCM) – bought 400 shares at 23.00 on 01/20/04; currently 23.07. Raise stop to 21.99.

Research In Motion Ltd. (RIMM) – bought 200 shares at 83.75 on 02/02/04; currently 91.70. Raise stop to 85.95.

Scotts Company (SMG) – bought 200 shares at 61.50 on 02/05/04; currently 61.32. Raise stop to 60.81.

Staples Inc. (SPLS) – bought 400 shares at 25.75 on 02/05/04; currently 26.01. Raise stop to 25.38.

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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 9.2 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 exploring 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 our position in J. B. Hunt Transportation Services, Inc. (JBHT – bought at 25.25; sold at 25.75); and on February 5, 2004, we closed our position in Medtronic, Inc. (MDT – bought at 44.25; sold at 47.50). In closing these positions, we took a net loss of $434.00 on the trades and added $17,391.00 cash to the portfolio.
Our sole remaining position in the Eclipse Portfolio is Teledyne Technologies, Inc. (TDY) – bought 200 shares at 17.60 on 11/24/03; currently 20.83. Raise stop to 19.00.
With just one of our original five positions still active, the current equity in the Eclipse Portfolio is $21,557.00, for a gain of 0.99% since the portfolio’s inception.

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STRONGEST MARKET SECTORS LAST WEEK

Department Stores; Textile Manufacturing; Manufactured Housing; Personal Products; Apparel Stores.

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WEAKEST MARKET SECTORS LAST WEEK

Long Distance Carriers; Medical Practitioners; Music & Video Stores; Drug Stores; Radio Broadcasting.

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KEY ASTROLOGICAL EVENTS THIS WEEK


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

February 9
Heliocentric Mars square Heliocentric Jupiter 00:44 EST
Heliocentric Earth quincunx Heliocentric Chiron 05:25 EST
Mercury sesquiquadrate Hades in right ascension 05:56 EST
Heliocentric Venus contraparallel Heliocentric Mars 07:47 EST
Heliocentric Earth trine Heliocentric Pluto 08:33 EST
Sun sesquiquadrate Saturn in right ascension 08:39 EST
Void-of-Course Moon ends 10:12 EST
Mercury semisquare Pluto in right ascension 11:52 EST
Sun sesquiquadrate Zeus in right ascension 14:02 EST
Heliocentric Venus sesquiquadrate Heliocentric Chiron 14:03 EST
Mercury square Mars 16:06 EST
Sun semisextile Chiron in right ascension 16:08 EST
Heliocentric Mercury semisquare Heliocentric Neptune 21:13 EST
Venus semisextile Mars in right ascension 22:21 EST

February 10
Mercury quincunx Saturn in right ascension 02:10 EST
Sun parallel Pluto 03:41 EST
Sun parallel Pluto in right ascension 03:47 EST
Heliocentric Venus quincunx Heliocentric Poseidon 03:54 EST
Chiron opposition Vulcanus 05:23 EST
Mars contraparallel Poseidon in right ascension 05:40 EST
Mercury trine Zeus in right ascension 05:57 EST
Venus semisextile Uranus 06:26 EST
Mars contraparallel Poseidon 06:31 EST
Sun square Admetos 13:11 EST
Heliocentric Mars trine Heliocentric Neptune 13:46 EST
Heliocentric Mercury enters Capricorn 15:10 EST
Mercury sextile Cupido in right ascension 18:53 EST
Sun quincunx Vulcanus in right ascension 19:09 EST
Heliocentric Venus in 24th harmonic to Heliocentric Admetos 21:23 EST
Heliocentric Mercury opposition Heliocentric Kronos 22:35 EST
Sun sextile Pluto 22:56 EST
Sun trine Hades 23:39 EST

February 11
Void-of-Course Moon 00:42 – 14:58 EST
Sun sesquiquadrate Saturn 01:55 EST
Heliocentric Venus semisquare Heliocentric Vulcanus 03:52 EST
Mars square 5/16/03 Lunar Eclipse Antiscion 06:03 EST
Heliocentric Venus parallel Heliocentric Saturn 06:14 EST
Mercury square Poseidon 06:30 EST
Heliocentric Venus trine Heliocentric Zeus 06:51 EST
Heliocentric Venus in 24th harmonic to Heliocentric Hades 06:52 EST
Heliocentric Earth square Heliocentric Admetos 07:26 EST
Mercury semisquare Pluto 09:07 EST
Sun quincunx Vulcanus 09:09 EST
Mercury sesquiquadrate Hades 09:23 EST
Mercury quincunx Saturn 10:39 EST
Sun semisextile Chiron 12:00 EST
Heliocentric Venus sesquiquadrate Heliocentric Apollon 12:01 EST
Heliocentric Mercury sextile Heliocentric Uranus 14:10 EST
Sun contraparallel Mars 15:16 EST
Sun contraparallel Mars in right ascension 15:18 EST
Mercury in 24th harmonic to Chiron 17:43 EST
Heliocentric Earth semisextile Heliocentric Vulcanus 17:44 EST
Heliocentric Earth semisquare Heliocentric Zeus 22:31 EST
Heliocentric Earth sextile Heliocentric Hades 22:33 EST
Heliocentric Venus opposition Heliocentric Cupido 22:46 EST
Venus semisquare Admetos in right ascension 23:26 EST
Pluto opposition Hades 23:51 EST

February 12
Sun in 24th harmonic to Mercury 03:08 EST
Heliocentric Mars contraparallel Heliocentric Uranus 03:37 EST
Mars sesquiquadrate Jupiter in right ascension 05:08 EST
Heliocentric Earth sextile Heliocentric Apollon 06:44 EST
Venus quincunx Poseidon in right ascension 07:18 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Chiron 10:33 EST
Mercury trine Zeus 10:34 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Pluto 11:15 EST
Venus semisextile Uranus in right ascension 12:38 EST
Sun parallel Poseidon 13:40 EST
Sun parallel Poseidon in right ascension 14:18 EST
Sun sesquiquadrate Zeus 14:40 EST
Heliocentric Mercury sextile Heliocentric Poseidon 17:55 EST
Sun trine Apollon 23:22 EST

February 13
Mercury square True Lunar Node in right ascension 02:31 EST
Heliocentric Mercury sesquiquadrate Heliocentric Admetos 03:49 EST
Mars in 24th harmonic to Admetos 04:17 EST
Void-of-Course Moon 08:39 – 18:35 EST
Heliocentric Mercury square Heliocentric Zeus 09:12 EST
Mercury sextile Cupido 12:35 EST
Heliocentric Venus semisextile Heliocentric Saturn 13:18 EST
Mars opposition Poseidon 13:23 EST
Saturn in 24th harmonic to Hades 17:09 EST
Heliocentric Mercury semisextile Heliocentric Cupido 18:11 EST
Mars contraparallel Pluto in right ascension 18:48 EST
Mars contraparallel Pluto 18:52 EST
Mars sextile Saturn 19:50 EST
Mars semisquare Hades 19:58 EST
Venus semisquare Admetos 20:50 EST
Mars sesquiquadrate Pluto 22:01 EST
Mars opposition Poseidon in right ascension 23:46 EST

February 14
Venus quincunx Poseidon 01:45 EST
Heliocentric Earth sesquiquadrate Heliocentric Mercury 04:06 EST
Venus square Saturn 04:58 EST
Heliocentric Venus square Heliocentric Jupiter 06:05 EST
Heliocentric Venus trine Heliocentric Neptune 12:25 EST
Mars sextile Uranus in right ascension 13:14 EST
Heliocentric Mercury opposition Heliocentric Saturn 16:04 EST
Venus semisextile Mars 16:39 EST
Mercury sesquiquadrate Kronos in right ascension 18:38 EST

February 15
Heliocentric Mercury trine Heliocentric Jupiter 01:33 EST
Venus square Saturn in right ascension 04:04 EST
Mercury conjunct Neptune in right ascension 04:13 EST
Heliocentric Mercury semisextile Heliocentric Neptune 04:36 EST
Mercury conjunct Neptune 12:42 EST
Venus opposition Zeus in right ascension 14:13 EST
Venus opposition Zeus 14:55 EST
Heliocentric Earth semisquare Heliocentric Saturn 15:00 EST
Void-of-Course Moon 15:20 – 21:14 EST
Venus contraparallel Zeus in right ascension 16:19 EST
Venus contraparallel Zeus 18:32 EST



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STOCKS TO WATCH: ASPT, CRDN, DCN, IPAR, LAKE, RCKY, VMSI.

Aspect Communications (ASPT)
NASDAQ; Optionable
First Trade Date: 05/01/1990; 09:30 a.m.
Trading Strategy: With Saturn currently conjunct the ASPT First-Trade Ascendant and First-Trade Jupiter as well, the pace of this stock’s upward price climb has slowed a bit in recent weeks. Transiting Jupiter is moving retrograde toward the First-Trade Nadir, however, so we expect ASPT to get another positive pop. We’re watching geocentric planetary lines for Uranus at 27.95 and Admetos at 44; ASPT closed above the Admetos line on Friday, so our plan is to add a long position early this week. We will set our initial stop at 16.49.

Ceradyne Corporation (CRDN)
NASDAQ; Optionable
First Trade Date: 07/18/1984; 09:30 a.m.
Trading Strategy: With Jupiter moving retrograde across the CRDN First-Trade Ascendant this week, this stock has a good opportunity for a price surge, even though Jupiter won’t cross that position again until July. A geocentric Kronos line at 77.75 defines some significant support/resistance levels for this stock. If CRDN closes above the increment of that line at a price of 40.14 or higher, we add a long position at the opening of the next trading day. Our initial stop will be placed at the level suggested by a 22.03 geocentric Cupido line, namely a price level of 36.05.

Dana Corporation (DCN)
NYSE; Optionable
First Trade Date: 04/27/1922; 10:00 a.m.
Trading Strategy: Saturn is currently conjunct the DCN First-Trade Pluto, but that’s only part of the story with this stock. Transiting Neptune is opposing First-Trade Neptune (a very rare event in financial astrology!) and transiting Mars is conjunct First-Trade Kronos. Mars will soon be moving to conjoin the First-Trade Sun, Mercury, Moon and Venus in succession, and at the same time we’ll get the transiting Sun sextile First-Trade Mars and transiting Mars sextile First-Trade Pluto. In other words, there’s plenty of reason to expect some positive price action for this stock, so we’ll add a long position early this week. A support/resistance structure is defined by geocentric Neptune at 13.32, geocentric Cupido at 13.44, and geocentric Admetos at 47.60. We’ll use a Neptune line to set our initial stop at a price level of 20.71.

Inter Parfums Inc. (IPAR)
NASDAQ
First Trade Date: 02/04/1988; 09:30 a.m.
Trading Strategy: Saturn is on the IPAR First-Trade Nadir, with Neptune conjunct the First-Trade Sun. This suggests that there may be enough speculative energy at play to push the price upward. We’re watching planetary lines for the True Lunar Node at geocentric 35.35 and for Admetos at 19.38 to determine our entry point and stop-loss levels here; if we get two successive trading days with the daily low for IPAR at 22.33 or higher, we’ll add a long position on the next trading day, setting our initial stop in tune with the Lunar Node at a price of 22.05.

Lakeland Industries Inc. (LAKE)
NASDAQ
First Trade Date: 09/09/1986; 09:30 a.m.
Trading Strategy: This is a very straightforward short-term astro-trading situation: Jupiter is conjunct the First-Trade Sun, so we’ll add a long position this week. Transiting Hades is conjunct First-Trade Chiron, however, so we’ll need to be cautious and trail our stop closely. Geocentric planetary lines for Chiron at 8.12 and Kronos at 7.95 have helped us track the progress of this stock; based on their energy we will set our initial stop at 15.37.

Rocky Shoes & Boots Inc. (RCKY)
NASDAQ
First Trade Date: 02/03/1993; 09:30 a.m.
Trading Strategy: Retrograde Saturn is conjunct the RCKY Nadir but is moving away from First-Trade Mars, suggesting that its restrictive force may start to fade. First-Trade Neptune and Pluto also get into the picture, with geocentric planetary lines at 28.97 and 23.53 respectively. We will add a long position in RCKY to the Model Portfolio this week, setting our initial stop at 21.49.

Ventana Medical Systems (VMSI)
NASDAQ
First Trade Date: 07/26/1996; 09:30 a.m.
Trading Strategy: VMSI seems determined to resume its long-term rally at this point. It’s an interesting astrological situation, with plenty of positive energy provided by Jupiter conjunct the First-Trade Ascendant, Cupido conjunct the First-Trade Moon, and Mercury conjunct First-Trade Uranus. We feel a little caution about transiting Hades conjunct First-Trade Venus, however, but that may not be inappropriate for a medical supply company. Geocentric planetary lines for the True Lunar Node at 19.05 and for Chiron at 19.03 are what we’re watching here; we’ll add a long position to the Model Portfolio this week and set our initial stop at 40.66.




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 @ 2/08/2004 11:27:03 PM