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this is from a famous web site
Please note: This is not the same as our
service titled "<A
href="http://www.mmacycles.com/weekly.htm";><FONT face=Arial
size=2>Weekly MMA Comments and Recommendations on Financial
Markets," which is available
by subscription only.
MMA COMMENTS
FOR THE WEEK BEGINNING JULY 22, 2002
On Friday,
July 19, as the Sun conjunct Jupiter and the Moon entered Sagittarius (the
sign which Jupiter rules), the Dow Jones Industrial Averages closed down
below the 8062 low of September 21, 2001. For the day, it was down 390
points. For the week, it was down 565 points. For the month, it is now
down 1224 points – and there are still nearly two weeks to go.
For the past
several weeks, this column has discussed the possibility of a financial
panic involving both the U.S. Dollar and the stock market. The period of
time between Mars conjunct Jupiter (July 3), Sun conjunct Jupiter (July
19), and Sun conjunct Mars (August 10) was seen as period of potentially
huge price moves in equity markets around the globe. Traditionally one
might have expected this to be a period of a huge rally in stocks. But as
pointed out, it could also result in a huge move down instead – in fact, a
financial panic – as the nature of Jupiter is to exaggerate and enlarge.
It is not always positive and optimistic. It can also develop into
hysteria and a free fall. And that is exactly what is
happening.
Also, as
stated last week, a severe decline in prices is not likely to end until
the Leo-Aquarius full moon period, which occurs this week, July 24-26.
That is likely to be a climax of some type, maybe even the final climax
(but not necessarily).
There are a
multitude of geocosmic signatures still to unfold in the next 3-4 weeks.
Besides the full moon this week, we also find Venus (currency) square
Pluto (debt, bonds) on Wednesday, July 24. With the full moon, this could
augur more bad corporate reports, or negative news about fraud and
improper corporate accounting, which is not exactly what the market needs
to hear right now. But it is exactly what the market might need to set off
a final panic. Next Sunday, July 28, Mars will oppose Neptune, which isn’t
exactly a signature inclined towards honesty and openness. To the
contrary, it may reveal an effort to distract attention from what is
really important and accurate. It could also correlate with rumors and oil
spills. How will it play out in the equity markets of the world? Possibly
with a sense of denial and paralysis on the part of investors, who just
refuse to believe what their eyes are seeing. It is a signature that might
suggest capitulation (every one trying sell at once, and nobody believing
the empty assurances of government leaders that “the economy is sound, the
markets are over-reacting”). It doesn’t appear much better the following
week, as the Sun then opposes Neptune on Thursday, August 1, followed by
Venus square Saturn on Friday, August 2. After that, things might look up,
as we move towards the Sun conjunct Mars. This signature alone (within an
orb of 8 degrees) has probably a greater rate of frequency to 10% or
greater reversals in stock prices than any other signature involving
planets inside the orb of Jupiter. But the question remains: from what
level?
As dangerous
as things appear in the next 3-10 trading days, investors and traders
alike should keep in mind that this decline is due to end. 1-2 weeks is
not that long of a time. And, with the promise of a 10% or greater
reversal to follow, it behooves courageous traders to be alert for rather
profitable trading opportunities coming up shortly. It may be even better
than just a trading opportunity, for the U.S. stock market is also in the
time band for a primary, 50-week, and 4-year cycle trough. If it is just a
primary cycle, then the rally that follows may only be around a 10%
correction, and may only last 2-5 weeks. But if it is a 4-year cycle too,
then the rally may last several months, in which case many analysts will
proclaim a new bull market to be in force, something no one is predicting
now. If the 4-year cycle doesn’t bottom with this primary cycle in the
next 1-2 weeks, then I believe it will with the one due after this, due in
about 3-4 months.
<FONT
face="Verdana, Arial, Helvetica, sans-serif" size=2>To read the previous
issue click here.<FONT
face="Verdana, Arial, Helvetica, sans-serif" size=2>
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