FinancialCyclesWeekly.com #0441 – October 10-16, 2004 with Tim Bost

COMMENT: Our letter is a bit briefer than usual this week because we’re still in the midst of our travels and are doing our market analysis “on the fly.” We’ve been in Raleigh, North Carolina for the past few days, talking about financial astrology and meeting personally with clients to discuss individual strategies for approaching their investments, resolving their business challenges, and optimizing their financial opportunities. On Monday we’re off to Atlanta for a couple of days, and then will be making a couple of stops in Alabama this week before returning to our home base in Sarasota, Florida.
As always, we also have been providing consulting services on the telephone, and have been in touch with our clients and students in other parts of the country along the way. If you’re interested in a personal telephone appointment give us a call at 941-921-2588; you’ll find more details on the consultations that are available by visiting our website at www.TimBost.com.

Enthusiasm on the Road
We continued to be delighted to see the huge amount of interest in financial astrology that is in evidence everywhere we go. We gave a presentation to the Raleigh chapter of the Spiritual Frontiers Fellowship on Thursday evening, focusing on the ways that financial astrology can be a useful tool for advancing spiritual development. The follow-up question and answer session brought lots of intense questions about using astrology in active trading, and it was great to see such strong interest coming from a diverse group of people.

Markets on the Move
Last week we commented that “A Sun/Mercury conjunction and a Venus/Uranus opposition should both provide plenty of energy to keep prices moving upward” in the stock market. That turned out to be true in trading throughout the world, except for the action in U.S. stocks, with the major averages turning in a losing week.
The big problems are continuing weakness in the employment picture, with a somewhat positive but basically disappointing jobs report coming from the Labor Department, and the continuing climb in crude oil prices. We noted in our last letter that there had just been a 3% bump in oil prices during the preceding week; this past week topped even that record, with a 6% increase bringing the price of crude to a settlement of over $53 a barrel on the November contract. That means the price of oil has gone up by roughly 79% in the past year.
Average gasoline prices are again pushing nearly $2 at the pump in the U.S., and the airlines, trucking companies, and retailers are all feeling the crunch. And while the price jumps in crude have been the strongest in the U.S., oil futures aren’t exactly backing off in other markets, either, with the price of Brent crude for November delivery closing at $49.71 a barrel on Friday at the International Petroleum Exchange in London.

A Big Astrological Event
This week brings a Solar Eclipse, which is certainly important to keep an eye on for market impact. The eclipse makes tight contacts with planets in the horoscopes for the S&P 500, Wheat futures, and the Canadian Dollar, so it could have a wide-reaching effect on market activity. More significantly, however, it also connects with the horoscopes for Number 2 Heating Oil and for Leaded Gasoline, so it’s quite likely that we’ll see a lot of price action in the oil pits again this week.

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THE WEEK AHEAD

Stocks will be trading this Monday, but the action will stop in the government bond markets and many people in the governmental and financial arenas will have the day off. That’s why we’re looking for a fairly slow start to the trading week, at least in terms of volume.
It’s a big week for earnings reports, with more than 200 companies releasing earnings news. The biggest ones will be L G Philips LCD (LPL), Infosys Technologies (INFY), Gannett (GCI), Intel Corporation (INTC), Johnson & Johnson (JNJ), Linear Technology (LLTC), M&T Bank Corporation (MTB), POSCO (PKX), Royal Philips Electronics (PHG), Marshall & Ilsley (MI), Harley-Davidson (HDI), ASML Holdings (ASML), Apple Computer (AAPL), Yahoo Inc. (YHOO), Accenture (ACN), SunTrust (STI), State Street Corporation (STT), Juniper Networks (JNPR), Groupe Danone (DA), General Motors (GM), First Data (FDC), Fifth Third Bancorp (FITB), Eaton (ETN), Citigroup (C), BB&T Corporation (BBT), Bank of America Corporation (BAC), the New York Times Company (NYT), Abbott Laboratories (ABT), POPULAR Inc. (BPOP), Wachovia Corporation (WB), Regions Financial (RF), Huntington Bancshares (HBAN), Genuine Parts (GPC), KeyCorp (KEY), Knight Ridder (KRI), MGIC Investment Corporation (MTG), Compass Bancshares (CBSS), UnitedHealth Group Inc. (UNH), E. W. Scripps (SSP), Sun Microsystems (SUNW), Nexen (NXY), Stryker (SYK), Southwest Airlines (LUV), and Nokia (NOK).
Right on the heels of the Solar Eclipse on Wednesday night, we’ll be getting economic reports on Import Prices, Export Prices, Initial Jobless Claims, Business Inventories, the Trade Balance, the Producer Price Index, Retail Sales, Capacity Utilization, Industrial Production, and the Treasury Budget, plus the Michigan Consumer Sentiment report and the Empire State Index.
The astrological highlight of the week is of course the Solar Eclipse at 21 degrees Libra. Remember that important events tend to happen around the time of eclipses, so pay attention to the economic and geopolitical action this week, with an eye to possible long-term effects on market direction and economic temperament. Remember, too, that eclipses set up resonant fields that are sometimes triggered well after the actual astronomical event, setting the stage for action in the markets or on the world scene at other times. For example, this week will also include a couple of transiting triggers to the solar eclipse that took place in May, 2003. Be sure to review our calendar feature each week, where we include eclipse activations in our listing of astrological events.
There’s a void-of-course Moon that will just be ending as the market action gets underway on Tuesday, so we’ll be a bit cautious on the opening and take the pre-opening speculation with a grain of salt. Another lunar void lasts for several hours in the middle of the trading day on Thursday, so we’ll have a good excuse for an early lunch and perhaps even a quick nap afterwards.
Have a great week!

*****


SPIRITUAL FOCUS FOR THE WEEK

The greatest traders have all understood that emotional balance is the key to successful trading. Through Practical Spiritual Astrology we have an opportunity to restore inner harmony, enhance emotional balance, and make wiser choices in the markets.

Because we are so richly blessed with opportunities, we don’t need to hesitate in opening our hearts and our resources to others. If we are courageous enough to act on the basis of our intuition, we can become more passionate about sharing the ideas that are truly important.

“Go confidently in the direction of your dreams! Live the life you've imagined. As you simplify your life, the law of the universe will be simpler.”
- Henry David Thoreau

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GLOBAL EQUITIES MARKETS LAST WEEK

Stock markets around the world continued their rally last week, with issues in Tokyo doing especially well. Issues in the U.S. didn’t fare as well, however, with the Dow, the S&P and the NASDAQ all losing ground for the week.

Dow Jones Industrial Average – down 1.35%
Dow Jones Transportation Average – up 1.13%
Dow Jones Utilities Average – up 0.59%
S&P 500 – down 0.83%
NASDAQ Composite Index – down 1.14%
Russell 2000 – down 1.60%
London FTSE-100 – up 0.84%
Paris CAC-40 – up 0.21%
Frankfurt DAX – up 0.52%
Sydney All Ordinaries – up 0.74%
Tokyo Nikkei – up 3.32%
Hong Kong Hang Seng Index – up 0.93%
Singapore Straits Times Index – up 1.17%

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FINANCIAL CYCLES MODEL PORTFOLIO


POSITIONS CLOSED DURING THE PREVIOUS WEEK: ZBRA, AMHC, LLL.

We closed three Model Portfolio positions during the past week, with 2 winners and 1 loser producing a net profit of $346.00.

On October 5 we sold 200 shares of Zebra Technologies Corporation Class A (ZBRA) at 59.75, taking a loss of $250.00 (a 2.05% loss in 6 trading days).

On October 7 we sold 400 shares of American Healthways, Inc. (AMHC) at 27.70, taking a profit of $80.00 (a 0.73% gain in 10 trading days).

On October 8 we sold 200 shares of L 3 Communications Holdings (LLL) at 65.25, taking a profit of $516.00 (a 4.12% gain in 26 trading days).

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POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS WEEK: BNI, MLI, OSG.

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

We bought 300 shares of Burlington Northern and Santa Fe Railway Company (BNI) at 38.61 on 10/05/04, setting our initial stop at 36.45.

We bought 200 shares of Mueller Industries, Inc. (MLI) at 44.25 on 10/05/04, setting our initial stop at 41.40.

We bought 200 shares of Overseas Shipping Group (OSG) at 51.50 on 10/05/04, setting our initial stop at 48.30.

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YEAR-IN-REVIEW MODEL PORTFOLIO ACTIVITY

So far in 2004 we have had a total of 161 completed trades, with 78 winners and 83 losers bringing us a total net profit of $33,496.50. The largest profit for a single trade has been $5,645.00; the largest single-trade loss has been $750.00; the average profit per trade has been $208.05. The mean duration of our trades has been 10.3 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

Adobe Systems, Inc. (ADBE) – bought 200 shares at 49.00 on 09/22/04; currently 49.73. Raise stop to 49.50.

Burlington Northern and Santa Fe Railway Company (BNI) – bought 300 shares at 38.61 on 10/05/04; currently 40.03. Raise stop to 38.45.

Ceradyne Inc. (CRDN) – bought 300 shares at 43.00 on 09/28/04; currently 45.56. Raise stop to 45.00.

Corporate Executive Board Company (EXBD) – bought 200 shares at 58.60 on 09/14/04; currently 59.83. Raise stop to 59.75.

eBay Inc. (EBAY) – bought 100 shares at 90.38 on 09/29/04; currently 92.59. Raise stop to 91.95.

Integral Systems, Inc. (ISYS) – bought 500 shares at 19.15 on 09/21/04; currently 20.00. Raise stop to 19.50.

Mueller Industries, Inc. (MLI) – bought 200 shares at 44.25 on 10/05/04; currently 44.08. Raise stop to 43.75.

Overseas Shipping Group (OSG) – bought 200 shares at 51.50 on 10/05/04; currently 55.19. Raise stop to 51.98.

Patterson Companies Inc. (PDCO) – bought 200 shares at 74.85 on 09/29/04; currently 75.92. Raise stop to 75.25.

Petroleum Development Corporation (PETD) – bought 300 shares at 35.50 on 09/21/04; currently 42.40. Raise stop to 42.15.

Ryder Systems, Inc. (R) – bought 200 shares at 44.75 on 09/07/04; currently 48.52. Raise stop to 47.05.


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STRONGEST MARKET SECTORS LAST WEEK

Gold; Shipping; Air Services; Silver; Oil & Gas Refining & Marketing.

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WEAKEST MARKET SECTORS LAST WEEK

Generic Drugs; Major Airlines; Regional Airlines; Biotechnology; Diagnostic Substances.

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KEY ASTROLOGICAL EVENTS DURING THE COMING WEEK

October 10
Void-of-Course Moon ends 02:00 EDT
Moon enters Virgo 02:00 EDT
Heliocentric Venus trine Heliocentric Uranus 02:12 EDT
Heliocentric Venus in 24th harmonic to Heliocentric Saturn 02:51 EDT
Mercury square Chiron 03:01 EDT
Mercury square 5/31/2003 Solar Eclipse Antiscion 03:40 EDT
Jupiter quincunx Uranus 07:07 EDT
Moon opposition Uranus 08:15 EDT
Mercury in 24th harmonic to Poseidon 08:56 EDT
Cupido sesquiquadrate Vulcanus 09:34 EDT
Mercury sextile Pluto in right ascension 09:40 EDT
Heliocentric Mercury parallel Heliocentric Apollon 10:47 EDT
Heliocentric Mercury enters Scorpio 14:59 EDT
Heliocentric Venus trine Heliocentric Poseidon 16:48 EDT
Moon conjunct Venus 17:52 EDT
Venus contraparallel Apollon 18:11 EDT
Venus semisquare Apollon 18:24 EDT
Venus contraparallel Apollon in right ascension 18:33 EDT
Venus semisextile Zeus 18:36 EDT
Heliocentric Mercury semisextile Heliocentric Jupiter 20:45 EDT
Mercury sesquiquadrate Uranus in right ascension 21:25 EDT
Venus semisquare Vulcanus in right ascension 22:03 EDT
Mercury quincunx Admetos in right ascension 22:10 EDT
Venus semisquare Vulcanus 22:53 EDT
Venus square Cupido 23:05 EDT

October 11
U.S. Bond Markets closed for Columbus Day holiday
Heliocentric Mercury trine Heliocentric Kronos 00:58 EDT
Sun sesquiquadrate Uranus 02:18 EDT
True Lunar Node sextile Kronos 03:49 EDT
Heliocentric Mercury parallel Heliocentric Uranus 05:40 EDT
Sun in 24th harmonic to Jupiter 08:11 EDT
Mercury square Chiron in right ascension 08:58 EDT
Heliocentric Venus semisquare Heliocentric Admetos 11:10 EDT
Mercury quincunx Admetos 12:06 EDT
Venus square 5/31/2003 Solar Eclipse Point 13:00 EDT
Moon square Pluto 15:24 EDT
Mercury conjunct Apollon in right ascension 16:03 EDT
Heliocentric Venus in 24th harmonic to Heliocentric Vulcanus 17:13 EDT
Jupiter semisextile Poseidon in right ascension 18:03 EDT
Mercury conjunct Apollon 19:16 EDT
Mercury in 24th harmonic to Zeus 19:27 EDT
Mercury contraparallel Venus in right ascension 21:19 EDT
Mercury contraparallel Venus 21:20 EDT
Mercury square Vulcanus 22:14 EDT
Mercury semisquare Cupido in right ascension 22:33 EDT
Mercury semisquare Cupido 22:36 EDT
Heliocentric Venus square Heliocentric Zeus 22:46 EDT

October 12
Heliocentric Venus in 24th harmonic to Heliocentric Hades 00:49 EDT
Moon sextile Saturn 03:32 EDT
Void-of-Course Moon 03:32 – 09:32 EDT
Heliocentric Mercury semisextile Heliocentric Mars 04:11 EDT
Mars parallel Zeus 05:07 EDT
Heliocentric Mercury trine Heliocentric Uranus 07:08 EDT
Moon enters Libra 09:32 EDT
Mercury trine Hades 09:43 EDT
Mars parallel Zeus in right ascension 12:18 EDT
Mercury parallel Apollon in right ascension 12:24 EDT
Heliocentric Mars contraparallel Heliocentric Jupiter 12:34 EDT
Mercury parallel Apollon 12:35 EDT
Chiron opposition 5/31/2003 Solar Eclipse Antiscion 13:28 EDT
Heliocentric Mercury conjunct Heliocentric Poseidon 14:33 EDT
Moon conjunct Jupiter 16:21 EDT
Venus semisextile Mars 16:25 EDT
Heliocentric Mercury semisquare Heliocentric Pluto 17:41 EDT
Moon at 0 degrees declination 19:22 EDT
Heliocentric Venus quincunx Heliocentric Cupido 20:26 EDT
Sun sextile Pluto 21:10 EDT

October 13
Heliocentric Mars quincunx Heliocentric Uranus 01:18 EDT
Heliocentric Earth semisquare Heliocentric Uranus 03:39 EDT
Mercury apogee 03:03 EDT
Mercury trine Hades in right ascension 04:16 EDT
Moon conjunct Mars 05:10 EDT
Heliocentric Mercury semisextile Heliocentric Zeus 06:18 EDT
Heliocentric Earth square Heliocentric Saturn 06:45 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Hades 07:23 EDT
Moon trine Neptune 08:01 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Apollon 08:04 EDT
Sun contraparallel Venus 10:26 EDT
Venus contraparallel Sun in right ascension 10:27 EDT
Mercury in 24th harmonic to Mars 10:58 EDT
Sun square Chiron 12:48 EDT
Venus semisquare Saturn 13:58 EDT
Heliocentric Mercury parallel Heliocentric Poseidon 15:44 EDT
Heliocentric Mercury semisextile Heliocentric Cupido 17:47 EDT
Mercury square Saturn 19:14 EDT
Venus semisquare Saturn in right ascension 19:28 EDT
Moon sextile Pluto 21:00 EDT
Sun in 24th harmonic to Poseidon 22:22 EDT
New Moon Solar Eclipse 22:48 EDT

October 14
Mercury square Vulcanus in right ascension 04:24 EDT
Heliocentric Mercury parallel Heliocentric Chiron 04:30 EDT
Sun sextile Pluto in right ascension 07:37 EDT
Venus quincunx Neptune 08:06 EDT
Mercury semisquare Venus 08:13 EDT
Moon square Saturn 08:38 EDT
Moon conjunct Mercury 10:22 EDT
Void-of-Course Moon 10:22 – 14:10 EDT
Heliocentric Earth trine Heliocentric Pluto 12:46 EDT
Heliocentric Mercury parallel Heliocentric Pluto 13:15 EDT
Moon enters Scorpio 14:10 EDT
Heliocentric Mercury trine Heliocentric Venus 18:28 EDT
True Lunar Node direct station 18:30 EDT
Moon trine Uranus 19:38 EDT
Venus sesquiquadrate True Lunar Node in right ascension 20:56 EDT
Sun sesquiquadrate Uranus in right ascension 22:27 EDT

October 15
Venus quincunx Neptune in right ascension 00:36 EDT
Mercury square 11/23/2003 Solar Eclipse Antiscion 00:46 EDT
Sun quincunx Admetos in right ascension 00:56 EDT
Heliocentric Mars semisextile Heliocentric Poseidon 04:36 EDT
Heliocentric Mercury square Heliocentric Neptune 07:02 EDT
Mercury parallel Uranus in right ascension 08:13 EDT
Mercury parallel Uranus 08:14 EDT
Heliocentric Earth semisextile Heliocentric Admetos 08:48 EDT
Moon square Neptune 11:43 EDT
Moon sextile Venus 14:14 EDT
Mars trine Neptune 16:02 EDT
Heliocentric Venus quincunx Heliocentric Neptune 17:40 EDT
Sun quincunx Admetos 18:19 EDT
Heliocentric Earth square Heliocentric Vulcanus 18:40 EDT
Mercury enters Scorpio 18:57 EDT
Heliocentric Mercury semisquare Heliocentric Jupiter 21:08 EDT
Sun square Chiron in right ascension 22:32 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Kronos 22:43 EDT

October 16
Heliocentric Mercury parallel Heliocentric Neptune 00:49 EDT
Heliocentric Earth sextile Heliocentric Hades 07:12 EDT
Sun conjunct Apollon 09:05 EDT
Sun conjunct Apollon in right ascension 09:08 EDT
Sun parallel Apollon in right ascension 09:08 EDT
Heliocentric Earth opposition Heliocentric Apollon 09:14 EDT
Sun parallel Apollon 09:29 EDT
Heliocentric Earth contraparallel Heliocentric Apollon 09:38 EDT
Sun in 24th harmonic to Zeus 09:42 EDT
Mercury square Saturn in right ascension 09:47 EDT
Moon trine Saturn 11:43 EDT
Void-of-Course Moon 11:43 – 16:58 EDT
Sun square Vulcanus 12:34 EDT
Sun semisquare Cupido 15:16 EDT
Moon enters Sagittarius 16:58 EDT
Sun semisquare Cupido in right ascension 20:41 EDT
Moon square Uranus 22:13 EDT
Heliocentric Venus in 24th harmonic to Heliocentric Kronos 22:13 EDT

October 17
Mercury contraparallel True Lunar Node in right ascension 00:39 EDT
Mercury contraparallel True Lunar Node 00:52 EDT
Moon sextile Jupiter 00:52 EDT
Mercury opposition True Lunar Node 02:38 EDT
Mercury opposition True Lunar Node in right ascension 02:41 EDT
Mercury trine Kronos 03:02 EDT
Sun trine Hades 06:53 EDT
Heliocentric Mercury trine Heliocentric Saturn 09:40 EDT
Moon sextile Neptune 14:05 EDT
Heliocentric Mercury contraparallel Heliocentric Admetos 15:08 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Poseidon 15:19 EDT
Heliocentric Earth sesquiquadrate Heliocentric Cupido 15:20 EDT
Moon sextile Mars 16:17 EDT
Mercury trine Uranus 17:30 EDT
Heliocentric Mercury semisextile Heliocentric Pluto 18:53 EDT
Lunar perigee 19:44 EDT
Moon square Venus 21:07 EDT
Heliocentric Mars sesquiquadrate Heliocentric Admetos 23:01 EDT

*****


STOCKS TO WATCH: BPT, EXPD, PARL, TONS.


BP Prudhoe Bay Royal Trust (BPT)
NYSE
First Trade Date: 05/23/1989; 09:30 a.m.
Trading Strategy: Saturn is currently transiting the BPT First-Trade Ascendant, so why the heck is this stock’s price shooting up parabolicly? Well, it may have something to do with the general oil price mania, plus the fact that Mars is moving across the BPT First-Trade IC. Jupiter will soon be crossing that same chart angle, which we expect to add more punch to the price, but for now we expect a pull-back. Our plan is to sell BPT short on Tuesday, setting our initial buy stop at 47.94. If BPT trades above that level on Monday, however, we will let this trade pass.


Expeditors International of Washington, Inc. (EXPD)
NASDAQ; Optionable
First Trade Date: 09/26/1984; 10:00 a.m.
Trading Strategy: With Jupiter crossing over its First-Trade Sun, it’s not surprising that EXPD has seen a nice price pop lately. Jupiter is moving on, however, and the First-Trade Moon is about to be hit with this week’s Solar Eclipse. On top of that, EXPD made a correct planetary high this past week at 55.61 at the Venus/Uranus opposition. In our book that makes it a good candidate for a short sale early this week, with an initial buy stop set at 54.95.


Parlux Fragrances Inc. (PARL)
NASDAQ
First Trade Date: 02/26/1987; 09:30 a.m.
Trading Strategy: This stock has recently broken out to the upside as Saturn has begun a transit of its First-Trade IC. That suggests that an even stronger upward move is on the way, and we were pleased to see PARL make a correct planetary low on Friday at 14.13 in tune with the Venus/Uranus opposition (G,180,N,-2). If support for this stock holds at that level for the next couple of trading sessions, we plan to enter a long position in mid-week. We’ll set our initial stop at 13.25.


Novamerican Steel Inc. (TONS)
NASDAQ
First Trade Date: 10/31/1997; 9:30 a.m.
Trading Strategy: With Jupiter transiting the Midheaven in the TONS First-Trade chart, and with Neptune conjoining First-Trade Jupiter, it’s not surprising that we’ve seen such a strong price move for this stock in recent trading. What’s even more interesting, though, is the way this stock found support exactly on a first-harmonic Venus line (G,360,N,-2) on September 29, and then again on another Venus increment last week at the opposition to Uranus (G,180,N,-2). We plan to add a long position in TONS to the Model Portfolio this week, setting our initial stop at 25.00.

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FINANCIAL CYCLES WEEKLY (ISSN 1055-8527) is published by Taylor-Bost Consulting and edited by Tim Bost at 2132 Beneva Road, Sarasota, FL 34232 USA. Phone: 941-921-2588. Fax: 941-927-5798. Web: http://www.TimBost.com. Entire contents copyright 2004 Timothy L. Bost. No portion of Financial Cycles Weekly may be reproduced without the publisher's written permission. Subscriptions to FINANCIAL CYCLES WEEKLY are $39.00 per month for weekly issues sent 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 WEEKLY 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 WEEKLY 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 WEEKLY 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 WEEKLY 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 @ 10/10/2004 01:05:20 AM