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Dollar shorts got absolutely CRUSHED today.....rumors of FED action......
still more rumors swirling...
S&P shorts now on "short" notice with "men in black" soon to arrive in
Chicago.
> -----Original Message-----
> From: chrischeatham [mailto:nchrisc@xxxxxxxxxx]
> Sent: Tuesday, July 23, 2002 3:30 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Re: astrology
>
>
> My work suggests that the dollar likely bottomed on friday against
> most majors...for a few months anyway...may need one more minor low
> vs yen.
>
> Also of note...I see a potential major low in dow utilities
> today...this has been the worst month for them since 1940, btw.
>
> chris
>
> --- In realtraders@xxxx, profitok <profitok@xxxx> wrote:
> > this is from a famous web site
> > Please note: This is not the same as our service
> titled "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.
> >
> > --------------------------------------------------------------------
> ------
> >
> > To read the previous issue click here.
>
>
>
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