FINANCIAL CYCLES WEEKLY UPDATE #0407 – February 15-21, 2004 with TIM BOST

COMMENT: We were quite pleased to see Financial Cycles quoted prominently in the current (February 16) issue of Barron’s, with the “Market Watch” section of that esteemed journal citing our comments on the state of the economy from a couple of weeks ago. While it’s nice to know that our point of view is newsworthy, it’s even more gratifying to be reassured that our readers are getting relevant facts and opinions long before the readers of Barron’s do! By the way, remember that you can view back issues of Financial Cycles in the newsletter archive on our website at www.TimBost.com.
During the past few weeks we’ve repeatedly commented on the potential of Sun/Neptune interactions for clearing up confusion and bringing hidden circumstances into the light of day. Perhaps the biggest example of that trend to play out on the world stage in recent weeks was the dramatic confession of Dr. Abdul Qadeer Khan, the father of Pakistan’s nuclear program, who admitted that he had sold the technical know-how and materials for making nuclear weapons to Iran, Libya, and North Korea.
Dr. Khan was immediately pardoned by Pakistani President General Pervez Musharraf, who simultaneously pledged never to open Pakistan’s own leak-prone nuclear program to outside inspection by international authorities. In the past, Musharraf had categorically denied that any of Pakistan’s nuclear technology had leaked to other countries, even when a Pakistani military plane was spotted in North Korea with a suspicious cargo in the fall of 2002 and when a ship carrying nuclear equipment consigned to Libya was seized at an Italian port in 2003.
The most interesting part of the events in Pakistan has been the response of the U.S. government. Citing the overriding need to prevent the spread of nuclear weapons, the Bush administration recently demanded and got international inspections of nuclear programs in Libya and Iran, two of the countries who acquired their technology from Pakistan. Then, in a speech on Wednesday under a void-of-course Moon, President Bush announced his plan for cracking down on nuclear proliferation, saying that “We must act on every lead. We will find the middlemen, the suppliers and the buyers. Our message to proliferators must be consistent and it must be clear: We will find you, and we’re not going to rest until you are stopped.”
But Washington has simultaneously winked at Pakistan’s sale of nuclear materials and at Musharraf’s pardoning of the individual most responsible for it, saying, in the words of State Department spokesman Richard Boucher, that it was merely “an internal matter” for the Pakistanis to take care of themselves.
There are a few key considerations here, however. First, Dr. Khan is considered a national hero in Pakistan, which has greater prominence in the world because it has become a nuclear power. In that light General Musharraf’s reluctance to prosecute Dr. Kahn is perfectly understandable, even though it’s not particularly responsible in terms of world peace.
Secondly, Pakistan is Washington’s top ally on the frontiers of the “war on terror,” which is vigilantly searching for Osama bin Laden and his henchmen, who are presumably holed up somewhere near the Pakistan-Afghan border. So the Bush administration’s application of a double standard in the case of Pakistan’s nuclear proliferation is also understandable.
Finally, of course, any serious investigation of Pakistan as a source of nuclear proliferation would ultimately lead to questions about where Pakistan itself got nuclear weapons in the first place. If that came up, we would have to look back to the 1980s, when Pakistan received $3.2 billion in military aid from the Reagan administration in exchange for allowing the CIA to send weapons through Pakistan for the Afghan mujahideen who were fighting against the Soviets. There was one stipulation at the time: that Pakistan would not make the bomb. But General Zia ul-Haq, the former military ruler of Pakistan, soon found clandestine ways of getting around that requirement, and the U.S. looked the other way. So the message from the U.S. is clear and unequivocal: don’t you dare get involved in spreading nuclear weapons, unless you happen to be an ally.
Pakistan isn’t the only spot where the Sun/Neptune conjunction has made its influence felt. It has definitely been a time for many matters to come out of the closet. Former Treasury Secretary Paul O’Neill began posting online the government background documents that support his contention in The Price of Loyalty that the Bush administration planned to invade Iraq long before the 9/11 terrorist attacks, as well as other items including an 11-page fax from Alan Greenspan. The O’Neill papers can be accessed at http://thepriceofloyalty.ronsuskind.com/thebushfiles/.
In San Francisco, meanwhile, the mayor began marrying gay couples, in open defiance of Governor Terminator and California state law. He wasn’t about to allow the Golden State to be upstaged by Massachusetts, which was rapidly becoming the Number One Valentine’s Day destination. Meanwhile, Comcast said it wanted to marry Mickey Mouse, but a blushing Michael Eisner said no thanks. Apparently he’s hoping that Disney’s share holders will feel that some marriages are still unthinkable.


THE WEEK AHEAD

U.S. Markets start the week with a holiday; there will be no trading during the Presidents’ Day break on Monday. Earnings reports have started to slow down, and the most significant ones this week will come from the retail sector, most notably Wal-Mart Stores (WMT) and Target Corporation (TGT). On the economic front we’ll be getting the February Empire State Index, January Industrial Production and Industrial Capacity Utilization, January Housing Starts and Building Permits, the January Producer Price Index and Consumer Price Index, the February Philadelphia Fed report, and the Conference Board’s Leading Indicators for January.
Ordinarily we would be looking for some positive market action on the day after the Presidents’ Day break, but with a void-of-course Moon throughout that trading day, Tuesday may prove to be the exception to the rule. We’ll be waiting until Wednesday to initiate any new trades. There’s also a void-of-course period on Thursday afternoon, so some additional caution is necessary. The biggest astrological factors this week are the New Moon on Friday, which combines forces with a heliocentric Venus/Hades conjunction that day and a Sun/Uranus conjunction on Saturday. It could all make for a fairly turbulent atmosphere as the week’s trading comes to a close, so we will be watching our stops closely and will be careful about rushing into trades too hastily. There’s still plenty of money to be taken out of this market, but the process calls for clear thinking and a willingness to set emotional energy aside.
Have a great week!

*****


GLOBAL EQUITIES MARKETS LAST WEEK

While U.S. blue chips posted modest gains, NASDAQ put in another losing week, suggesting that the resistance zone from early 2002 is still in play. The action in Europe was mixed, with Paris and Frankfurt up as London lost ground. The strongest results came from Asia and the Pacific, where Sydney and Hong Kong posted dramatic gains. Tokyo was up slightly on the week, but still has a long way to go to reverse the current negative trend. Share prices in Taiwan closed at a 40-month high, and in South Korea the Korea Composite Stock Price Index set an all-time high.

Dow Jones Industrial Average – up 0.33%
Dow Jones Transportation Average – up 0.77%
Dow Jones Utilities Average – up 0.45%
S& P 500 – up 0.27%
NASDAQ Composite Index – down 0.51%
Russell 2000 – up 0.18%
London FTSE-100 – down 0.57%
Paris CAC-40 – up 0.68%
Frankfurt DAX – up 0.30%
Sydney All Ordinaries – up 1.91%
Tokyo Nikkei – up 0.93%
Hong Kong Hang Seng Index – up 3.23%
Singapore Straits Times Index – up 0.52%


FINANCIAL CYCLES MODEL PORTFOLIO


NO POSITIONS CLOSED DURING THE PREVIOUS WEEK.


*****


POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS WEEK: ASPT, DCN, LAKE, VMSI, IPAR, RCKY.

We bought 500 shares of Aspect Communications (ASPT) at 18.40 on 02/09/04, setting our initial stop at 16.49.

We bought 400 shares of Dana Corporation (DCN) at 22.25 on 02/09/04, setting our initial stop at 20.71.

We bought 600 shares of Lakeland Industries, Inc. (LAKE) at 16.50 on 02/09/04, setting our initial stop at 15.37.

We bought 200 shares of Ventana Medical Systems (VMSI) at 42.15 on 02/10/04, setting our initial stop at 40.66.

We bought 300 shares of Inter Parfums Inc. (IPAR) at 27.20 on 02/11/04, setting our initial stop at 22.05.

We bought 400 shares of Rocky Shoes & Boots Inc. (RCKY) at 20.55 on 02/12/04, setting our initial stop at 19.39.

*****


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.

*****


CURRENT POSITIONS IN THE MODEL PORTFOLIO

Aspect Communications (ASPT) – bought 500 shares at 18.40 on 02/09/04; currently 17.98. Raise stop to 17.56.

Centex Corporation (CTX) – bought 100 shares at 94.50 on 02/05/04; currently 99.81. Raise stop to 95.10.

Dana Corporation (DCN) – bought 400 shares at 22.25 on 02/09/04; currently 21.30. Raise stop to 20.98.

F S I International Inc. (FSII) – bought 1,000 shares at 8.55 on 02/02/04; currently 8.47. Raise stop to 8.20.

Inter Parfums Inc. (IPAR) – bought 300 shares at 27.20 on 02/11/04; currently 26.31. Raise stop to 23.68.

Lakeland Industries, Inc. (LAKE) – bought 600 shares at 16.50 on 02/09/04; currently 17.31. Raise stop to 16.40.

Polycom Inc. (PLCM) – bought 400 shares at 23.00 on 01/20/04; currently 22.70. Raise stop to 22.20.

Research In Motion Ltd. (RIMM) – bought 200 shares at 83.75 on 02/02/04; currently 94.85. Raise stop to 90.40.

Rocky Shoes & Boots Inc. (RCKY) – bought 400 shares at 20.55 on 02/12/04; currently 20.30. Stop set at 19.39.

Scotts Company (SMG) – bought 200 shares at 61.50 on 02/05/04; currently 61.81. Raise stop to 61.00.

Staples Inc. (SPLS) – bought 400 shares at 25.75 on 02/05/04; currently 25.52. Raise stop to 25.50.

Ventana Medical Systems (VMSI) – bought 200 shares at 42.15 on 02/10/04; currently 43.69. Raise stop to 41.65.



*****

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 had 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) – we bought 200 shares at 17.60 on 11/24/03; it is currently at 21.19. This week we raised our stop to 19.80.
With just one of our original five positions still active, the current equity in the Eclipse Portfolio is $21,629.00, for a gain of 1.33% since the portfolio’s inception.

*****


STRONGEST MARKET SECTORS LAST WEEK

Manufactured Housing; Air Services; Sporting Goods Stores; Silver; Major Airlines.

*****


WEAKEST MARKET SECTORS LAST WEEK

CATV Systems; Pollution & Treatment Controls; Farm Products; Staffing & Outsourcing Services; Auto Dealerships.

*****


KEY ASTROLOGICAL EVENTS THIS WEEK

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

February 16
U.S. Markets Closed for Presidents’ Day Holiday
Heliocentric Mercury quincunx Heliocentric Venus 00:26 EST
Lunar perigee 03:01 EST
Heliocentric Mercury quincunx Heliocentric Mars 04:07 EST
Heliocentric Mars in 24th harmonic to Heliocentric Kronos 06:48 EST
Mercury quincunx Jupiter in right ascension 07:41 EST
Heliocentric Venus in 24th harmonic to Heliocentric Kronos 08:00 EST
Heliocentric Venus conjunct Heliocentric Mars 08:34 EST
Mars quincunx Zeus 09:04 EST
Mercury square True Lunar Node 09:23 EST
Heliocentric Venus parallel Heliocentric Neptune 11:45 EST
Venus trine Cupido in right ascension 12:53 EST
Mercury sesquiquadrate Kronos 14:46 EST
Mercury contraparallel Admetos 18:51 EST
Mars contraparallel Chiron 18:55 EST
Mars contraparallel Chiron in right ascension 18:57 EST
Mercury contraparallel Admetos in right ascension 19:32 EST
Heliocentric Mercury semisquare Heliocentric Uranus 19:43 EST
Heliocentric Venus parallel Heliocentric Zeus 19:47 EST
Heliocentric Earth parallel Heliocentric Venus 20:33 EST
Heliocentric Earth in 24th harmonic to Heliocentric Jupiter 20:41 EST
Mars semisquare Hades in right ascension 22:22 EST
Sun enters Pisces in right ascension 22:59 EST
Void-of-Course Moon begins 23:59 EST

February 17
Mercury square Admetos in right ascension 01:02 EST
Sun trine Kronos in right ascension 02:53 EST
Mercury quincunx Jupiter 02:58 EST
Venus trine Cupido 03:45 EST
Heliocentric Venus contraparallel Heliocentric Neptune 05:19 EST
Sun in 24th harmonic to Neptune 13:55 EST
Heliocentric Mercury conjunct Heliocentric Chiron 15:24 EST
Heliocentric Mercury semisextile Heliocentric Pluto 15:26 EST
Heliocentric Pluto semisextile Heliocentric Chiron 22:07 EST
Mars sesquiquadrate Pluto in right ascension 23:00 EST
Void-of-Course Moon ends 23:27 EST

February 18
Mercury in 24th harmonic to Uranus 02:01 EST
Heliocentric Mercury trine Heliocentric Admetos 06:51 EST
Mercury trine Hades in right ascension 08:01 EST
Heliocentric Mercury opposition Heliocentric Vulcanus 10:17 EST
Heliocentric Mercury quincunx Heliocentric Hades 11:58 EST
Heliocentric Mercury square Heliocentric Apollon 14:37 EST
Mars sextile Saturn in right ascension 14:50 EST
Mercury sextile Pluto in right ascension 17:35 EST
Heliocentric Mercury semisquare Heliocentric Cupido 20:22 EST
Saturn trine Poseidon 21:11 EST
Mercury trine Apollon in right ascension 21:12 EST
Mercury sesquiquadrate Saturn in right ascension 23:07 EST

February 19
Heliocentric Venus opposition Heliocentric Pluto 00:19 EST
Heliocentric Venus quincunx Heliocentric Chiron 00:33 EST
Sun enters Pisces 02:50 EST
Mars quincunx Cupido 05:09 EST
Sun trine Kronos 05:50 EST
Mercury sesquiquadrate Zeus in right ascension 07:03 EST
Venus semisextile True Node in right ascension 11:00 EST
Mars quincunx Zeus in right ascension 11:25 EST
Heliocentric Venus sesquiquadrate Heliocentric Poseidon 11:33 EST
Mercury parallel Neptune 12:28 EST
Mercury parallel Neptune in right ascension 12:28 EST
Void-of-Course Moon begins 12:33 EST
Sun parallel Uranus 21:25 EST
Sun parallel Uranus in right ascension 21:27 EST
Mercury semisextile Chiron in right ascension 21:49 EST
Heliocentric Earth sextile Heliocentric Kronos 23:46 EST

February 20
Mercury quincunx Vulcanus in right ascension 00:15 EST
Venus sextile Neptune 01:09 EST
Void-of-Course Moon ends 02:26 EST
New Moon 04:18 EST
Heliocentric Mercury sesquiquadrate Heliocentric Jupiter 04:30 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Neptune 04:32 EST
Heliocentric Venus semisextile Heliocentric Admetos 05:02 EST
Heliocentric Jupiter quincunx Heliocentric Neptune 05:56 EST
Chiron semisquare Cupido in right ascension 07:03 EST
Mercury square Admetos 08:25 EST
Mercury sesquiquadrate Saturn 10:40 EST
Heliocentric Venus semisextile Heliocentric Vulcanus 11:28 EST
Venus semisextile True Lunar Node 11:57 EST
Mercury trine Hades 13:31 EST
Heliocentric Venus conjunct Heliocentric Hades 14:39 EST
Mercury sextile Pluto 16:40 EST
Mercury quincunx Vulcanus 18:43 EST
Heliocentric Venus trine Heliocentric Apollon 19:39 EST
Heliocentric Mercury enters Aquarius 19:56 EST
Mars parallel True Lunar Node 21:27 EST
Mercury contraparallel Mars 22:31 EST
Mercury contraparallel Mars in right ascension 22:36 EST
Mercury contraparallel True Lunar Node 23:06 EST
Mercury contraparallel True Lunar Node in right ascension 23:48 EST

February 21
Mars parallel True Lunar Node in right ascension 01:41 EST
Heliocentric Mercury quincunx Heliocentric Kronos 02:36 EST
Mars quincunx Cupido in right ascension 04:15 EST
Sun trine Poseidon in right ascension 08:27 EST
Mercury semisextile Chiron 09:01 EST
Mercury sesquiquadrate Zeus 12:08 EST
Heliocentric Earth quincunx Heliocentric Mercury 14:59 EST
Venus quincunx Jupiter 16:19 EST
Heliocentric Mercury semisextile Heliocentric Uranus 16:55 EST
Void-of-Course Moon begins 17:10 EST
Mercury trine Apollon 17:49 EST
Chiron opposition Vulcanus in right ascension 19:59 EST
Sun conjunct Uranus 21:06 EST
Heliocentric Earth opposition Heliocentric Uranus 21:15 EST

February 22
Heliocentric Mercury sesquiquadrate Heliocentric Mars 00:29 EST
Sun conjunct Uranus in right ascension 04:10 EST
Heliocentric Venus contraparallel Heliocentric Saturn 06:10 EST
Void-of-Course Moon ends 07:45 EST
Mercury parallel Chiron 16:31 EST
Mercury parallel Chiron in right ascension 16:34 EST
Heliocentric Mercury contraparallel Heliocentric Chiron 18:55 EST
Uranus apogee 20:30 EST



*****


STOCKS TO WATCH: BBX, CRDN, IGEN, LIN, MTSC.

BankAtlantic Bancorp Class A (BBX)
NYSE; Optionable
First Trade Date: 08/20/1997; 09:30 a.m.
Trading Strategy: BBX has had a nice price run-up since December, but has started to level off a bit as Saturn has moved across the First-Trade Midheaven. This opens the door to higher prices ahead. An interesting dynamic with this stock is that transiting Jupiter is conjunct First-Trade Mercury while transiting Mercury is simultaneously conjunct First-Trade Jupiter. That positive note is enough to justify a long position in this stock. BBX has been working its way through a geocentric 21.22 Poseidon line in recent trading sessions; we will use the next-lowest increment of that line at a price of 15.28 to set our initial stop as we add a long position in this stock to the Model Portfolio this week.

Ceradyne Corporation (CRDN)
NASDAQ; Optionable
First Trade Date: 07/18/1984; 09:30 a.m.
Trading Strategy: We didn’t trade this stock last week because we didn’t get the technical confirmation we were looking for to get an entry point. We will continue to watch CRDN, and it closes 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.

Igen International Inc. (IGEN)
NASDAQ; Optionable
First Trade Date: 02/03/1994; 09:30 a.m.
Trading Strategy: IGEN has been in a seven-month basing pattern, and has just started to break out in the last few weeks. Transiting Saturn on the IGEN First-Trade Nadir has been keeping things under control, but with transiting Neptune conjunct the First-Trade Sun and transiting Uranus conjunct the First-Trade Mercury, it looks like this stock has some strong upside potential. A geocentric 23.63 Cupido line has strongly magnetized this stock’s price action for some time, so we will use it to set our initial stop at a price of 60.47 as we add a long position this week.

Linens N Things Inc. (LIN)
NYSE; Optionable
First Trade Date: 11/26/1996; 09:30 a.m.
Trading Strategy: This stock looks like it’s poised to make a run for the resistance zone at 37.40 that it encountered in 2001 and 2002—a move that could provide significant price appreciation. From an astrological perspective, however, a more relevant price target is at about 36.43, which is established by a geocentric 21.28 Poseidon line. Transiting Saturn has just moved past the First-Trade Descendant and transiting Jupiter is about to conjoin First-Trade Mars, so we think LIN is going to continue its current price surge. We’ll add a long position to the Model Portfolio this week, setting our initial stop at 30.18.

M T S Systems Corporation (MTSC)
NASDAQ
First Trade Date: 07/17/1981; 10:00 a.m.
Trading Strategy: Jupiter is getting ready to conjoin the MTSC First-Trade Ascendant, which could keep the price of this stock moving up for the next few trading sessions. After that, however, things start to look a little dicey for MTSC, with transiting Saturn semisquare First-Trade Venus, transiting Pluto conjunct First-Trade Neptune, transiting Admetos conjunct First-Trade Chiron, and transiting Mars conjunct First-Trade Admetos. A geocentric 16.88 Zeus line has defined critical support and resistance for this stock, and gives us some guidance in this case. If we get two more consecutive closes above 25.61 we will sell MTSC short, setting our initial buy stop at 27.26.



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.

*****

posted by Tim Bost @ 2/15/2004 09:59:14 PM