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MMA COMMENTS FOR THE WEEK BEGINNING APRIL 22, 2002
http://www.mmacycles.com/artweek.htm
The intensity of the world’s (and market’s) attention on the Mid East crisis
appears to be subsiding this past week, as anticipated. It hasn’t gone away,
of course, and it may not go away entirely until after the final Saturn-Pluto
opposition passage in the last week of May.
But some interesting events occurred this past week, consistent with the
shift of Mars from Taurus to Gemini. The top story was Thursday’s plane crash
into a building in Milan, Italy. Immediately upon the news event, stocks
throughout the world sold off steeply, as fears ran rampant that it was
another terrorist attack like 9-11. It turned out it wasn’t a terrorist
attack, but still the "danger with modes of transportation" suggested
previously was present in this tragedy. The airplane, however, was not used
as a weapon – at least not this time.
But the danger still exists, well into late May. It will be especially strong
in the first 10 days of May, as Mars conjuncts Saturn and opposes Pluto,
which is a potentially very hostile combination of dynamics. Not only does
Mars make this conjunction-opposition during that time, but so too does Venus.
As a matter of fact, there was an interesting article out of Los Angeles this
week, as reported in the Detroit Free Press (my local newspaper). "LOS
ANGELES: The 5 brightest planets visible from Earth have lined up in plain
sight to form a spectacular celestial array that won't be seen again until
2040, astronomers said Wednesday….Through the next 4 weeks, Jupiter, Mars,
Mercury, Saturn and Venus will appear tightly clustered in the Western sky.
They were last visible in 1940."
Looking in an ephemeris for that time, it appears that such a visible cluster
would have been present from about mid-February to mid-March, 1940. We all
know that the War in Europe was already underway at that time. Was there
anything significant that happened in stock markets then?
One could say there was. The DJIA topped out around 158 in September 1939. In
February and March, it traded in a very narrow range, between 145-150, so
nothing happened right at the time of this phenomenon.
However, after reaching a secondary crest at 152 on April 8-9, the market
suddenly fell apart, and plummeted to the 110 area, in a triple bottom,
between May 21-June 10. This represented a loss of over 27% in less than 2
months. Prices didn't recover to above 150 again until 1944 - 4 years later.
What does this show? That a tight cluster doesn't always time a powerful move
in stock prices to the day, or even the week. But in this case, it did
coincide with a sharp decline about 1-2 months after the phenomenon peaked
out. But was it the tight cluster that set this decline off? Or was it the
Jupiter-Saturn conjunction that was developing, but not to hit until August
(it was in orb in April-May). Or, maybe it was Saturn in hard aspect (waning
square) to Pluto that took place one time that year - on March 26, 1940 -
just 9 trading days before the carnage began?
Whatever the reason, we can see similarities today. Once again we find this
tight cluster of visible planets taking place over the next month. And once
again, we are nearing an exact hard aspect between Saturn-Pluto in late May,
which follows this tight cluster. I only wish we had more than one case of
this type of setup to draw from.
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