FINANCIAL CYCLES WEEKLY UPDATE #0426 – June 27 – July 3, 2004 with TIM BOST

COMMENT: Venus returns to direct motion this week, strengthening cash flow potentials and renewing opportunities in markets that are getting stagnant. It joins forces with Friday’s high-energy Full Moon to promise a very memorable week in the markets!
Deficit spending, at both a national level and a personal level, is one of the key factors behind skyrocketing debt and the instability of the U.S. dollar. In fact, Americans are notorious for borrowing and spending instead of saving—the American savings ratio is roughly 4 percent of income.
That’s a woefully low figure, especially when it’s compared to the savings ratio in other countries. The French, for example, have a savings ratio of 12.2 percent, and the Germans save 10.4 percent of their income.
But the U.S. isn’t the only country that’s having savings problems. In Japan, a nation that has historically had an exemplary record, the savings picture is also starting to look pretty grim. In 1991, the Japanese savings ratio was 15.1 percent. Today, it has dropped down to just 6.4 percent.
The root causes, according to Professor Teruhiko Mano of Seigakuin University, are Japan’s declining personal income levels and an aging population. While Japanese under 29 years old still save almost 20 percent of their income, their parents and grandparents are dipping into savings at an increasing rate, bringing the overall numbers down. “There may come a day when household savings will be insufficient to make up for the deficits of the national and local governments,” Professor Mano warns. “Japan will then tap into its foreign currency reserves, and such a development will naturally affect the U.S. economy as well.”
Actually, though, we don’t have to wait for events like that in order to feel the impact of a weakening dollar. There’s just enough inflationary pressure now to convince Mr. Greenspan and his cronies at the Fed to try tapping on the brakes by raising interest rates. The Fed’s Open Market Committee meets this week, and the pundits are already predicting a rate hike of 25 basis points, the first increase in over four years.
If the Fed’s move matches that expectation, its impact on the stock market will be negligible. It would take a much stronger rate adjustment to get the market’s attention, but a failure to raise rates at all right now would be likely to provoke some real speculative euphoria on the part of traders. So it looks like we’ll get an increase that has already been discounted by the market, one that will have little effect on spending and borrowing across the board. And if there’s ever going to be a positive shift in the savings ratio, we’ll have to see a much bolder move from Greenspan & company.
Even a small interest rate increase, however, could have a profound long-term impact on the housing market. Home sales have boomed to an all-time high in recent months, thanks in part to the easy-money policy and to the concern that since interest rates will have to go up soon, it’s better to borrow now! That boom has stretched most home buyers thin as they count on ultimate appreciation in real estate values; even a small tweak in the structure of their mortgage payments could make it a real challenge for them to make ends meet. That sort of circumstance is likely to encourage many recent home buyers to become sellers, at first in the hope of turning a profit, next in the wish at least to break even, and at last in the realization that a sale at any price is better than no sale at all. And in today’s over-valued market, just a few home sales at distressed prices could easily snowball into a full-fledged real estate crash.
While that’s not a particularly pleasant thought at first blush, it does offer some positive prospects. Whenever markets go through major changes, the inevitable price discrepancies offer strong opportunities for profit, as long as you have liquid assets available that can be directed in appropriate ways. Personal financial growth is likely to depend on the ability to be flexible and light on your feet, and there are few experiences that cultivate those particular abilities as well as active equities trading does. Plan your trades, follow your trading rules and disciplines faithfully, take your losses in stride, and you will find yourself moving steadily toward the kind of emotional balance and inner self-confidence that will ultimately help you weather any storm.
Have a great week!

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THE WEEK AHEAD

This week the parade of earnings reports will be led by Sonic Corporation (SONC), Research In Motion (RIMM), Exfo Electro-Optical (EXFO), General Mills (GIS), McCormick & Co. (MKC), Monsanto (MON), Biomet (BMET), Constellation Brands (STZ), and ConAgra Foods (CAG).
Watchers of the economy will be keeping an eye on reports including May Consumption, May Personal Income, May Construction Spending, May Factory Orders, June Nonfarm Payrolls, June Unemployment, and the June reports from the Purchasing Managers and the Institute of Supply Management. The Federal Reserve Open Market Committee will hold a two-day meeting on Tuesday and Wednesday, and is widely expected to raise interest rates slightly. The European Central Bank will issue an interest rate policy statement of its own the following day.
The astrological factors at work this week continue to show a strong positive bias for stock prices. A Sun/Uranus trine sets the tone for the week, followed by the Venus direct station coming late on Tuesday (Tuesday is also a day with a Void-of-Course Moon impacting much of the trading opportunity, so extra caution is necessary). Chiron is conjoined by Venus heliocentrically and opposed by Mercury geocentrically as the month draws to a close; on Thursday (during another day dominated by a void Moon) a Venus/Uranus square promises pleasant surprises. Friday’s Full Moon caps the action for the week, but it may require some extra caution, both in and out of the markets. Mars aspects to Pluto and Hades, along with a Saturn/Neptune dynamic, could set the stage for an extremely volatile end to the week’s action.

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SPIRITUAL FOCUS FOR THE WEEK

The greatest traders of all time have understood that emotional balance is the key to successful trading. Through Practical Spiritual Astrology we can align ourselves to the kind of inner harmony that enhances emotional balance.

This week we have an opportunity to reawaken our internal receptivity and to express new levels of refinement as we see our highest motivations and brightest impulses become manifest in our environment.

"To aim at the best and to remain essentially ourselves is one and the same thing." – Janet Erskine Stuart

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GLOBAL EQUITIES MARKETS LAST WEEK

It was generally a good week to be in the equities market, unless you happened to be trading U.S. blue chips. It was all the Dow Industrials and the S&P 500 could do to break even for the week, while the techs and small-cap issues registered substantial gains. Europe and Sydney were basically flat, while the orient displayed some solid positive action, in spite of a shortened trading week in Hong Kong. This week Hong Kong and Canada will both close their markets on Thursday, and the U.S. bond market will close early on Friday to mark the beginning of the July 4 holiday.

Dow Jones Industrial Average – down 0.43%
Dow Jones Transportation Average – up 3.11%
Dow Jones Utilities Average – up 0.91%
S& P 500 – down 0.05%
NASDAQ Composite Index – up 1.95%
Russell 2000 – up 3.01%
London FTSE-100 – down 0.26%
Paris CAC-40 – up 0.04%
Frankfurt DAX – up 0.34%
Sydney All Ordinaries – down 0.01%
Tokyo Nikkei – up 3.50%
Hong Kong Hang Seng Index – up 2.78%
Singapore Straits Times Index – up 0.78%

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FINANCIAL CYCLES MODEL PORTFOLIO


NO POSITIONS CLOSED DURING THE PREVIOUS WEEK.

We closed no Model Portfolio positions during the past week, adjusting our stops to lock in profits and carrying over all our positions into the current trading week.

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POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS WEEK: EASI, UFCS, ATRX, HELE.

We added four long positions to the Model Portfolio during the previous week.

We bought 200 shares of Engineered Support Systems (EASI) at 57.25 on 06/21/04, setting our initial stop at 50.83.

We bought 200 shares of United Fire and Casualty (UFCS) at 56.50 on 06/21/04, setting our initial stop at 53.10.

We bought 300 shares of Atrix Laboratories Inc. (ATRX) at 32.69 on 06/23/04, setting our initial stop at 31.01.

We bought 200 shares of Helen of Troy Ltd. (HELE) at 35.72 on 06/25/04, setting our initial stop at 32.74.

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YEAR-IN-REVIEW MODEL PORTFOLIO ACTIVITY

So far in 2004 we have had a total of 96 completed trades, with 45 winners and 51 losers bringing us a total net profit of $14,161.50. The largest profit for a single trade has been $5,250.00; the largest single-trade loss has been $750.00; the average profit per trade has been $147.52. The mean duration of our trades has been 9.5 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

Advanta Corporation Class B (ADVNB) – bought 600 shares at 16.85 on 06/09/04; currently 21.13. Raise stop to 19.20.

Atrix Laboratories Inc. (ATRX) – bought 300 shares at 32.69 on 06/23/04; currently 34.70. Raise stop to 32.24.

Cognex Corporation (CGNX) – bought 400 shares at 33.00 on 06/14/04; currently 36.75. Raise stop to 35.55.

Daktronics Inc. (DAKT) – bought 400 shares at 23.50 on 06/17/04; currently 23.99. Raise stop to 23.00.

Engineered Support Systems (EASI) – bought 200 shares at 57.25 on 06/21/04; currently 58.71. Raise stop to 56.20.

Helen of Troy Ltd. (HELE) – bought 200 shares at 35.72 on 06/25/04; currently 35.37. Raise stop to 33.50.

Knight Transportation (KNGT) – sold short 300 shares at 27.50 on 06/10/04; currently 28.05. Lower buy stop to 28.10.

Knightsbridge Tankers (VLCCF) – bought 500 shares at 18.69 on 05/14/04; currently 27.36. Raise stop to 24.00.

Matthews International Corporation (MATW) – sold short 300 shares at 32.25 on 06/17/04; currently 32.69. Lower buy stop to 32.75.

Maxim Integrated Products (MXIM) – bought 200 shares at 49.25 on 06/02/04; currently 52.03. Raise stop to 50.35.

Trimble Navigation Ltd. (TRMB) – bought 400 shares at 26.84 on 06/18/04; currently 28.17. Raise stop to 27.42.

United Fire and Casualty (UFCS) – bought 200 shares at 56.50 on 06/21/04; currently 57.66. Raise stop to 55.24.

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STRONGEST MARKET SECTORS LAST WEEK

Sporting Goods Stores; Aerospace/Defense Products & Services; Wholesale Computers; Copper; Processing Systems & Products.

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WEAKEST MARKET SECTORS LAST WEEK

Education & Training Services; Long Distance Carriers; Wholesale Foods; Major Diversified Foods; Generic Drugs.

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KEY ASTROLOGICAL EVENTS DURING THE COMING WEEK

June 27
Heliocentric Mercury parallel Heliocentric Hades 02:07 EDT
Saturn parallel Hades 02:21 EDT
Mercury quincunx Neptune in right ascension 02:38 EDT
Sun square Zeus in right ascension 02:46 EDT
Heliocentric Venus quincunx Heliocentric Mars 03:20 EDT
Heliocentric Earth in 24th harmonic to Heliocentric Pluto 03:51 EDT
Heliocentric Mercury parallel Heliocentric Saturn 03:54 EDT
Heliocentric Mercury conjunct Heliocentric Mars 04:09 EDT
Heliocentric Mercury quincunx Heliocentric Venus 04:23 EDT
Heliocentric Jupiter sextile Heliocentric Vulcanus 04:39 EDT
Mercury in 24th harmonic to Kronos 06:29 EDT
Heliocentric Earth sextile Heliocentric Poseidon 06:56 EDT
Apollon square Vulcanus 10:12 EDT
Void-of-Course Moon ends 12:13 EDT
Heliocentric Mercury parallel Heliocentric Vulcanus 12:22 EDT
Mars contraparallel Cupido 15:13 EDT
Sun quincunx Cupido in right ascension 17:16 EDT
Mars contraparallel Cupido in right ascension 17:22 EDT
Heliocentric Mercury trine Heliocentric Pluto 18:13 EDT
Sun sextile True Lunar Node in right ascension 20:01 EDT
Heliocentric Mercury contraparallel Heliocentric Cupido 20:40 EDT
Sun trine Uranus 20:54 EDT
Heliocentric Earth sesquiquadrate Heliocentric Mercury 21:25 EDT
Heliocentric Venus semisquare Heliocentric Uranus 22:40 EDT
Mars sesquiquadrate Pluto in right ascension 23:51 EDT

June 28
Heliocentric Mercury square Heliocentric Admetos 00:20 EDT
Mercury in 24th harmonic to Mars 00:33 EDT
Saturn parallel Hades in right ascension 00:50 EDT
Heliocentric Mercury semisextile Heliocentric Vulcanus 02:16 EDT
True Lunar Node retrograde station 02:28 EDT
Heliocentric Mercury semisextile Heliocentric Jupiter 02:35 EDT
Heliocentric Mercury quincunx Heliocentric Chiron 03:05 EDT
Heliocentric Mercury semisquare Heliocentric Zeus 03:39 EDT
Heliocentric Mercury sextile Heliocentric Hades 04:00 EDT
Heliocentric Mercury sextile Heliocentric Apollon 04:56 EDT
Sun square Zeus 06:42 EDT
Venus at maximum acceleration 08:00 EDT
Mercury quincunx Pluto in right ascension 09:20 EDT
Mercury sextile Admetos in right ascension 11:39 EDT
Heliocentric Earth sesquiquadrate Heliocentric Admetos 13:24 EDT
Mercury square Apollon in right ascension 15:35 EDT
Sun in 24th harmonic to Vulcanus 18:54 EDT
Void-of-Course Moon begins 20:57 EDT

June 29
Heliocentric Venus semisextile Heliocentric Pluto 02:48 EDT
Sun semisquare Admetos 03:24 EDT
Venus semisextile Sun in right ascension 03:36 EDT
Heliocentric Earth in 24th harmonic to Heliocentric Chiron 04:58 EDT
Mercury sesquiquadrate Cupido in right ascension 05:31 EDT
Sun trine Uranus in right ascension 05:52 EDT
Heliocentric Mercury parallel Heliocentric Admetos 06:18 EDT
Heliocentric Earth square Heliocentric Zeus 07:30 EDT
Mercury quincunx Pluto 09:13 EDT
Mercury conjunct 5/31/2003 Solar Eclipse Antiscion 12:00 EDT
Heliocentric Mercury enters Virgo 12:28 EDT
Void-of-Course Moon ends 14:15 EDT
Mercury semisextile Hades in right ascension 14:36 EDT
Sun in 24th harmonic to Hades 16:53 EDT
Heliocentric Mercury sextile Heliocentric Kronos 18:02 EDT
Venus direct station 19:16 EDT
Heliocentric Mercury semisquare Heliocentric Saturn 19:54 EDT
Mars sextile Zeus in right ascension 20:13 EDT
Sun quincunx Cupido 22:12 EDT
Mercury semisquare Venus in right ascension 22:39 EDT
Heliocentric Venus trine Heliocentric Admetos 22:53 EDT
Mercury sesquiquadrate Uranus in right ascension 23:36 EDT

June 30
Mercury sesquiquadrate Uranus 00:03 EDT
Heliocentric Mercury parallel Heliocentric Mars 01:39 EDT
Heliocentric Jupiter trine Heliocentric Chiron 01:57 EDT
Heliocentric Mercury contraparallel Heliocentric Neptune 02:38 EDT
Heliocentric Venus opposition Heliocentric Vulcanus 05:14 EDT
Mercury conjunct Vulcanus in right ascension 07:31 EDT
Heliocentric Venus conjunct Heliocentric Chiron 08:35 EDT
Heliocentric Venus trine Heliocentric Jupiter 08:50 EDT
Heliocentric Mercury opposition Heliocentric Uranus 09:02 EDT
Mars square True Lunar Node in right ascension 09:36 EDT
Mercury parallel Kronos 09:43 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Mars 09:43 EDT
Heliocentric Venus contraparallel Heliocentric Kronos 10:29 EDT
Mercury parallel Kronos in right ascension 10:51 EDT
Mercury square Apollon 10:53 EDT
Heliocentric Venus quincunx Heliocentric Hades 11:01 EDT
Mercury conjunct Vulcanus 11:27 EDT
Mercury opposition Chiron in right ascension 11:28 EDT
Heliocentric Venus square Heliocentric Apollon 14:01 EDT
Heliocentric Mars contraparallel Heliocentric Neptune 15:21 EDT
Mercury sextile Admetos 15:35 EDT
Heliocentric Earth semisextile Heliocentric Cupido 16:06 EDT
Mars trine Cupido in right ascension 17:04 EDT
Heliocentric Mercury sextile Heliocentric Poseidon 18:47 EDT
Sun sextile True Lunar Node 20:22 EDT
Mercury semisextile Hades 22:24 EDT
Void-of-Course Moon begins 22:52 EDT
Sun semisextile Venus 23:59 EDT

July 1
Hong Kong Markets Closed
Canadian Markets Closed
Mercury sesquiquadrate Cupido 00:30 EDT
Heliocentric Mercury semisquare Heliocentric Vulcanus 03:03 EDT
Heliocentric Mercury contraparallel Heliocentric Chiron 04:15 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Chiron 04:15 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Jupiter 04:34 EDT
Heliocentric Mercury semisextile Heliocentric Zeus 04:35 EDT
Heliocentric Jupiter in 24th harmonic to Heliocentric Zeus 05:22 EDT
Heliocentric Venus semisquare Heliocentric Cupido 05:26 EDT
Heliocentric Mercury contraparallel Heliocentric Pluto 05:42 EDT
Heliocentric Mercury semisquare Heliocentric Apollon 06:00 EDT
Mercury opposition Chiron 06:44 EDT
Venus square Uranus in right ascension 07:45 EDT
Heliocentric Mercury square Heliocentric Cupido 11:09 EDT
Mercury semisquare Venus 13:57 EDT
Void-of-Course Moon ends 14:01 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Venus 14:07 EDT
Sun parallel Mercury 14:29 EDT
Mercury parallel Sun in right ascension 14:34 EDT
Heliocentric Earth trine Heliocentric Mercury 16:06 EDT
Heliocentric Mercury contraparallel Heliocentric Poseidon 17:50 EDT
Mars opposition 05/16/2003 Lunar Eclipse Antiscion 19:49 EDT

July 2
Heliocentric Earth in 24th harmonic to Heliocentric Venus 01:37 EDT
Mars semisquare Hades in right ascension 01:51 EDT
Sun in 24th harmonic to Mercury 03:28 EDT
Mars sesquiquadrate Pluto 05:21 EDT
Full Moon 07:09 EDT
Heliocentric Jupiter square Heliocentric Hades 07:43 EDT
Saturn quincunx Neptune in right ascension 07:55 EDT
Mars square Poseidon 10:17 EDT
Heliocentric Mercury quincunx Heliocentric Neptune 10:23 EDT
Heliocentric Earth parallel Heliocentric Venus 16:49 EDT

July 3
Heliocentric Mercury sextile Heliocentric Saturn 01:47 EDT
Mars quincunx Uranus in right ascension 03:18 EDT
Heliocentric Mercury contraparallel Heliocentric Uranus 05:14 EDT
Mercury semisquare Jupiter in right ascension 07:56 EDT
Void-of-Course Moon 10:24 – 13:22 EDT
Venus sextile Mars in right ascension 13:58 EDT
Mercury parallel Hades 14:34 EDT
Mercury parallel Hades in right ascension 15:26 EDT
Mercury opposition 11/23/2003 Solar Eclipse Antiscion 18:34 EDT
Mercury semisquare Jupiter 18:51 EDT
Mercury semisextile Kronos in right ascension 20:07 EDT
Mercury parallel Saturn 20:13 EDT
Mercury parallel Saturn in right ascension 20:24 EDT

July 4
Heliocentric Mercury contraparallel Heliocentric Apollon 00:53 EDT
Heliocentric Venus in 24th harmonic to Heliocentric Neptune 00:54 EDT
Heliocentric Mercury semisextile Heliocentric Mars 01:31 EDT
Heliocentric Mercury square Heliocentric Pluto 02:07 EDT
Heliocentric Mercury semisquare Heliocentric Poseidon 02:37 EDT
Mars quincunx Uranus 03:27 EDT
Heliocentric Mars trine Heliocentric Pluto 07:29 EDT
Mercury square 04/19/2004 Solar Eclipse Point 08:26 EDT
Heliocentric Mercury trine Heliocentric Admetos 09:23 EDT
Mercury enters Leo 10:52 EDT
Heliocentric Mercury sextile Heliocentric Vulcanus 11:44 EDT
Heliocentric Mercury trine Heliocentric Chiron 13:28 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Zeus 13:28 EDT
Saturn in 24th harmonic to Kronos 13:44 EDT
Heliocentric Mercury square Heliocentric Hades 13:57 EDT
Heliocentric Mercury conjunct Heliocentric Jupiter 14:55 EDT
Heliocentric Mercury semisextile Heliocentric Apollon 15:04 EDT
Mercury square Poseidon in right ascension 18:27 EDT
Heliocentric Venus enters Aquarius 19:16 EDT
Void-of-Course Moon begins 22:15 EDT
Mars sextile Zeus 22:51 EDT
Heliocentric Jupiter semisextile Heliocentric Apollon 22:55 EDT

July 5
Chiron opposition Vulcanus in right ascension 02:34 EDT
Mercury semisextile Kronos 04:44 EDT
Mercury in 24th harmonic to Saturn 05:46 EDT
Mercury parallel Vulcanus 07:35 EDT
Heliocentric Earth semisextile Heliocentric Neptune 08:16 EDT
Mercury parallel Vulcanus in right ascension 08:20 EDT
Heliocentric Venus contraparallel Heliocentric Hades 10:51 EDT
Heliocentric Venus quincunx Heliocentric Kronos 12:37 EDT
Void-of-Course Moon ends 14:26 EDT
Sun sextile Jupiter 14:58 EDT
Mercury sesquiquadrate Pluto in right ascension 19:07 EDT
Mars in 24th harmonic to Vulcanus 20:13 EDT
Venus sesquiquadrate Chiron in right ascension 22:50 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Neptune 22:58 EDT
Heliocentric Venus contraparallel Heliocentric Saturn 23:17 EDT


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STOCKS TO WATCH: PETM, SPLS, SRDX.

Petsmart (PETM)
NASDAQ; Optionable
First Trade Date: 07/23/1993; 09:30 a.m.
Trading Strategy: Jupiter is once again conjoining the PETM First-Trade Ascendant, with Venus making its direct station in conjunction to the First-Trade Midheaven. To call this a positive picture would be an understatement! The ride may be a short one, however, with the possibility of this stock’s rapid price growth outpacing its true valuation. Even so, we plan to add a long position in PETM to the Model Portfolio early this week, setting our initial stop at 31.25.

Staples Inc. (SPLS)
NASDAQ; Optionable
First Trade Date: 04/28/1989; 09:30 a.m.
Trading Strategy: We took a small loss when we traded SPLS in February; at that time we incorrectly reported this stock’s First-Trade Date as 08/20/1997, although we used the correct First-Trade Date in our calculations and analysis. In February Saturn was transiting the First-Trade Ascendant, but Jupiter is currently in play, conjoining the SPLS First-Trade IC. This stock has seen a nice price run-up during the past two months, and we believe that the Jupiter transit, along with transiting Mars in opposition to the First-Trade Moon, will extend the rally, with the First Trade Uranus planetary line (G,27.52,N,0) providing a price target in the 30.74 – 30.94 range. Our plan is thus to enter a long position in this stock early in the trading week; we will set our initial stop at 28.00.

SurModics Inc. (SRDX)
NASDAQ; Optionable
First Trade Date: 03/04/1998; 09:30 a.m.
Trading Strategy: Transiting Jupiter is currently in opposition to the SRDX First-Trade Sun, and the stock has responded nicely by breaking out of an 8-week trading range. The First-Trade Venus/Neptune conjunction for this stock seems to inform the trading process, especially as defined by geocentric planetary lines for Neptune (G,30.12,N,0) and Venus (G,29.99,N,0). SRDX has moved up to a higher increment of the Venus line during recent trading; if it can penetrate that line with a close above 25.03, we will enter a long position in this stock for the Model Portfolio. Our plan is to set an initial stop at 21.70.



FINANCIAL CYCLES (ISSN 1055-8527) is published by Taylor-Bost Consulting and edited by Tim Bost at 2132 Beneva Road, Sarasota, FL 34232 USA. Phone: 941-953-3545. Fax: 941-953-3732. Web: http://www.TimBost.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; to subscribe go to http://www.TimBost.com/newsletter/subscribe.html.

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 @ 6/27/2004 01:02:33 AM