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Comments for the Week Beginning June 30, 2008 This is not the same as our service titled
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| Comments for the Week Beginning June 30, 2008 |
Review and PreviewThe powerful Uranus station this past week struck with a bang. In typical Uranus fashion, the equity markets went into panic mode and some indices of the world broke below their lows of January or March. This was the case, for instance, in the Dow Jones Industrial Average, which negates our prior forecast that the low on January 22 was the 4-year cycle trough in this index. However, aside from India’s Nifty stock index, none of the other indices we follow did the same. In Europe, the AEX of Netherlands fell to 419.35 on Friday, which is still well above its 401.45 low of January 22. The DAX index of Germany fell to 6348, still above its 6167 low of March 17. In England, the FTSE fell to 5470, still well above the yearly low of 5335 recorded on January 22. But the SMI of Switzerland almost broke to a new low. Friday’s bottom was 6803, just barely above the March 17 low at 6769. It is vulnerable. In Asia and the Pacific Rim, only India’s Nifty index made a new low, falling to 4093 on Wednesday, thus breaking the prior low of 4448 on January 22. Australia’s All Ordinaries declined to 5266, still well above the 5130 low of March 17. The Hang Seng dropped hard, to 21,773 on Friday, but that was still considerably higher the 20,572 level of March 17. The Nikkei stock index of Japan was even more promising, falling only to 13,453, well above the probable 4.5-year cycle trough of 11,691 registered on March 17. In the USA, even the NASDAQ Composite held up reasonably well. Friday’s low was 2290, far above the 2155 low of March 17. But the DJIA commands the most publicity in the world, and that index fell to 11,298, well below its prior low of 11,634 recorded on January 22. Our long-term cycle’s picture for the DJIA has therefore turned more bearish now with the break to the new yearly low. It will change to fully bearish if - and when - other world indices confirm with new yearly lows. Until then, the possibility remains that these equity markets are exhibiting cases of “intermarket bullish divergence,” which can result in reversals. As stated last week, “Uranus will turn retrograde on June 26. This is a powerful Level One signature, with one of the highest correlations to major reversals in U.S. stocks markets of all the signatures we examine. But the nature of Uranus – like Mercury Rx – is oftentimes unpredictable… This particular Uranus station is even more important than usual, because it occurs so close to the exact midpoint of this geocosmic cluster zone mentioned above. All this activity suggests that one of the best trading opportunities of the year could be readying any day now.” At the moment, I see no need to change this forecast. Uranus is doing exactly what it suppose to do, especially given the fact that Saturn in opposition to Uranus - the most important geocosmic aspect since 1993 - begins a five-passage series later this year July 2010. We have a saying in the trading community: “If you are wrong, don’t be wrong for long.” I first heard that from Financial Astrologer Norman Winski of Naples, Florida, and it is true. My forecasts are not always correct. No one’s forecasts are always right. My labeling of the 4-year cycle for the DJIA will now have to be adjusted, and the new preferred outlook will be covered in detail in our subscription reports, as always. For those many readers who have asked, our long-term cycle’s picture was downgraded from bullish to neutral back on the week ending May 23. The warning signs were issued then, and clearly indicated in our reports. But now those same long-term indicators will have to be fully downgraded further if (and when) other indices fall to new lows. But the shorter-term outlook remains the same for trading purposes. Short-Term GeocosmicsThis week is the birthday of the United States. Markets will be closed Friday. The major signatures coming up are Venus and the Sun in opposition to Jupiter (July 3 and 9), followed by Mars in conjunction to Saturn on July 10. The Sun-Jupiter opposition is particularly interesting because it has a 75% correlation to primary or greater cycles within 10 trading days. Like Uranus turning retrograde, this is one of the strongest signatures correlating with reversals in stock indices. It can correlate with powerful price moves, like 200+ point up or down days within only 4 trading days in the DJIA. The Mars-Saturn conjunction has a high correlation to extreme temperatures in weather. At this time of year, it usually corresponds to hot and dry conditions, which would be a relief in the flooded grain belt. It can correspond to primary or greater cycles in grain prices within 10 trading days. Geopolitically, this same signature can also correspond to wars or protests – even strikes – by workers, because it is in Virgo, sign of labor. It highlights a sense of social inequities, especially between labor and management. Longer-Term ThoughtsLast week I re-visited the relationship of the Saturn-Pluto cycle with regard to taxes, federal deficits, and general economic conditions. I attempted to relate this cycle in terms of the platform of one of the candidates for this year’s USA presidential election, Barack Obama. Basically, the Saturn-Pluto cycle goes like this: economic conditions are in their up cycle from the 18-year period of conjunction to opposition. Federal deficits go down, taxes go down interest rates go down, and the economy expands. People can invest monies into equities, for this is the period to encourage “capital appreciation.” This phase was last in force 1982-2001. But then the cycle reverses for the 18 years from the opposition to conjunction. Federal deficits increase, taxes go up, interest rates go up, prices (commodities) go up, and the economy starts to stagnate. This is the time to “preserve capital.” This phase is now in effect 2001-2020. So far, this down phase has only been partly realized. Federal deficits (in the USA) have gone up, but taxes and interest rates have not. They have remained low. In terms of Financial Astrology, this may be due to the fact that Saturn is still in its up cycle, approaching its 45-year opposition to Uranus. So even though Saturn-Pluto is in the downside of its cycle, Saturn-Uranus is still approaching its peak before beginning the downside of its cycle. And the fact that neither interest rates nor taxes have gone up may account for the long period of stock market and economic gains from October 2002 through October 2007. But that very period of prosperity is now threatened as another part of the historical equation – commodity prices – have soared, causing inflation to also soar throughout the world. It is just a matter of time now before interest rates start rising. In fact, it has already started in many countries. I also pointed out that of the two candidates running for U.S. president, Barack Obama could win because he fits the part of the cycle that correlates with rising taxes. His platform is to raise the income tax of the top 2% of tax payers. I pointed out that there were many studies that show a correlation between rising taxes and a faltering economy. Space does not permit me to cover any of those studies this week, but I may in future columns, because they are plentiful. But let me give you just one simple example here in Michigan. Unfortunately, I did not save the source of my data. But here in Michigan both income and business taxes have increased substantially recently, all under the well-intentioned belief that if taxes increased, more monies would be available for a future that Michigan needed to “invest” in. The result of these higher taxes? Unemployment has jumped to 8.5%, from well below 6% just a few months ago. 330,000 people have moved out of the state, looking for new jobs, and the gross revenue intake from the higher taxes is now less than before. Fewer people paid these taxes, and of those who did, many paid from lower wages. This example represents a similar conclusion of the many studies I referred to previously. Now, I like many aspects of both Mr. Obama and Mr. McCain’s platforms, and I am critical of aspects of each. I am neither Democrat nor Republican. But it is my duty, as a Financial and Mundane Astrologer, to show a connection to any candidate’s platform when it relates to a major astrological cycle. The idea of raising taxes plays right into the waning phase of the Saturn-Pluto cycle. And the relationship between raising taxes, followed by a weakening of the economy, can also be historically correlated with this Saturn-Pluto cycle. It doesn’t take a rocket scientist to also understand that raising taxes in a recession has a heightened risk of disastrous consequences, and that too plays into the history of the forthcoming geocosmic signatures. Within 18 months of August 1, 2010, there will be a very rare cardinal T-square formation between Saturn, Uranus, and Pluto. The last time it happened was in 1930-1931. That was an economically disastrous time. I don’t think there is much doubt right now that a similar economic disaster is possible in the next 2-3 years. I was hopeful that the favorable lesser signatures in effect prior to this November would kick in and push stock indices and economic data higher before these major signatures grab hold. But after last week’s equity performance, it appears that I miscalculated the power of those lesser signatures. The heavier aspects coming up later this year are already having an influence on the economy and financial markets. In my way of looking at things, the only hope now to prevent these long-term cycles from unfolding lies in the choices that world leaders make regarding the issues that are common in those cyclical downturns. That is, reduce the escalating federal deficits in order to keep interest rates low, fight inflation now rather than later, and by all means, do not raise taxes for anybody until we come out of this downturn. Transiting Saturn will soon move into its waning square aspect to Pluto (the halfway point of the opposition to conjunction phase). That would be the time taxes would most likely increase, unless leaders choose otherwise. That aspect takes place three times from November 15, 2009 through August 21, 2010. Wouldn’t you think that after five years of war in Iraq, and a Presidential candidate who appeals to the hopes of people everywhere with a promise to bring the troops home and end that war – thus saving billions of dollars in spending – that we could have the benefit of “peace dividend” instead of a “peace tax?” And thereby counteract the forces of these long-term cycles that are on the verge of unfolding? Astrology offers one the ability to plan wisely, and the ability to plan is a gift from God.
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For a review of the forecasts from the Forecast 2010 book, please go to www.mmacycles.com, and scroll down to about the third or fourth article on the opening screen. Or go directly to http://www.mmacycles.com/the-news/about-mma/scorecard-for-forecasts-2010/.
If you are an active short-term trader, you may be interested in our Weekly or even Daily Market reports with short-term trading recommendations. It is the only way I keep in touch with traders on a daily or even weekly basis. These reports give in-depth analysis of the DJIA, S&P and NASDAQ futures, Euro currency (cash and futures), Swiss Franc, Dollar/Yen cash and Yen futures, T-Notes, Soybeans, Crude Oil, Gold and Silver. The daily reports cover all stock indices listed above, as well as futures in Euro, T-Notes, Soybeans, Gold and Silver. Subscription to the daily report also includes the weekly report. For more information, call our offices at 1-248-626-3034, or go to http://www.mmacycles.com/services. In the words of one of our subscribers: “I recently subscribed to your weekly report and am finding it to be excellent and a very useful companion to the MMA Cycles Report. I can't imagine now managing my investments without them.” Order now with the Forecast 2011 Book and receive a special 10% rate reduction on these services through October.
The monthly MMA Cycles Report and its companions – the MMA Japan Cycles Report and MMA European Cycles Report – went out last week. If you are a subscriber and did not receive it, contact us at once. This report covers our longer-term analysis of the U.S. stock market, precious metals, crude oil, currencies, Treasury Notes, and grain markets. The MMA Japan Cycles report covers the Nikkei, JGB Bonds, and the Dollar-Yen. The new MMA European Cycles Report covers the German DAX, Swiss SMI, and Netherlands AEX, each in English only. These reports are included in the Japanese, German, and Dutch translated MMA Cycles Report respectively. New yearly (or renewing) subscribers to these reports will receive a free copy of the Forecast 2010 book while supplies last (see below). You also qualify for a special discount on a yearly subscription if at the same time you pre-order Forecast 2011. For subscription information, please go to SERVICES at www.mmacycles.com.
CD’s DVD’s, and MP3’s of the July 11 webcast are now available!!! Each of these various ways to see the event can now be ordered via our website at www.mmacycles.com (just click the opening banner), or by calling 1-248-3034 or email operations at ordersmma@msn.com. The cost of each is $45.00, plus postage if necessary. This webcast covered our outlook for stocks, precious metals, interest rates and Treasuries, foreign currencies vis-à-vis the U.S. Dollar, and Grains. We pick this time because it was right before the astrological midpoint of the Cardinal Climax, which is taking place now. It may be the peak of the huge trend reversals expected in many of these markets, aided and abetted by major changes of trend in geopolitical matters. It is interesting to see how the stocks, grains and currencies moved right up into this time band, as outlined in this presentation. You won’t want to miss this. Order now, because most of the trading opportunities presented are in effect mainly from July 21 through October 8, 2010!!!
ForumOnAstrology.com is holding a three-day video conference on Friday, Saturday, and Sunday, October 1st, 2nd, and 3, 2010. This pioneering Internet astrological conference features dozens of internationally known speakers. Very economically priced, all participants have access to all live broadcasts with the ability to replay them from the archives for up to three months. Call (212) 929-4507 or email Inquiries@ForumOnAstrology.com.
I am oftentimes asked for recommendations of a money manager who uses my methods, since I won’t manage other people’s money. That is especially true now with the uncertainty in the market place as of late. The thing is, almost all money managers I know use their own systems. But many subscribe to my services and share my thoughts about the future of the economy, various financial markets, and how to position one’s portfolio along these lines. One money manager who subscribes to our services that I would suggest for those looking to structure a longer-term portfolio, such as a retirement account, is Duke O’Neill of Capstone Capital Wealth Management, Boulder, Colorado. He can be reached at dukeoneil1@gmail.com, or 1-(303) 247-0600. For those looking for a professional trader of commodity and futures contract might consider Ted Lee Fisher at ted.fisher@comcast.net. Ted is a legend in financial futures and has a seat on the CME. Both are very knowledgeable of the tools I use, of the way I am looking at markets, and yet each makes their own decisions as exactly when to enter and exit any market. I would also like to recommend long-term MMA subscriber Erwin Brunner of Zurich, Switzerland. Mr. Brunner is the founder of BrunnerInvest AG. One of his five funds was awarded the “Best in-house fund of funds” in the world recently. Mr. Brunner is a former director of the Swiss Banking Corporation (today it is known as UBS), and a general director of Rothschild Bank in Zurich. As an independent wealth manager for high net worth individuals and institutional clients only, he places his clients into the funds of the best performing fund managers in the world, via his own research and experience. For high net worth readers interested in Mr. Brunner’s funds, please contact him through www.brunnerinvest.ch.
OK. You’ve asked about classes in Financial Astrology, and I am giving two of them in great South American cities in late September and early October. Since these constitute “investment education,” many of you will be able to write the expenses of this trip off (travel, some meals, and cost of conferences). Here are some more details of each – and I hope to see many subscribers at each:
September 23-26, 2010: Buenos Aires! Seminar on Financial and Mundane Astrology with Raymond Merriman and others, with special emphasis on Argentina’s Merval Index and precious metals and whatever else is of interest to participants, for each Financial Astrology workshop is different. For more information, contact Claudia Rizzi at astrologycr@gmail.com, or visit our web site at www.mmacycles-spanish.com. If you only speak Spanish, go to www.astrologiamundana2010.blogspot.com. We will host a special gathering of MMA Subscribers at the end of the seminar, depending on interest expressed.
October 1-2, 2010: Rio de Janeiro! Workshop on Financial Astrology with Raymond Merriman, plus a Mundane Astrology panel with Merriman and others. The workshop will have with special emphasis on Brazil’s Bovespa Index and precious metals, and whatever else is of interest to participants. For more information, contact Renato Chebar at astrologiafinanceira@gmail.com. We may host a special gathering for MMA Subscribers on Sunday, October 3, the day of Brazil’s elections, if enough subscribers request such a meeting.
January 14-16, 2011, Zurich, Switzerland. “Forecasts 2011” symposia featuring top mundane and financial astrologers, plus one day workshop on Financial Market Timing with Ray Merriman, to be followed by a special meeting with MMA Subscribers (at no cost). For more details, go to www.astrodata.ch.
March 10-12, 2011: Mexico City, Mexico. Speech on Forecasts 2011, and workshop on “Evolutionary Astrology: The Journey of the Soul Through States of Consciousness.” For information, please contact acuario888@gmail.com.
April 28 and 30, 2011: Kansas City, Mo. “Forecasts for 2011” and “Financial Astrology Workshop” with Raymond Merriman. Sponsored by AOA. Details soon. This will be the next Financial Astrology workshop in the United States.
September 1-8, 2011: Bali! "Financial Astrology" Intensive workshop with Raymond Merriman, and "Mundane Astrology" with Claude Weiss. For more information on this unique week-long intensive and incredible South Pacific paradise adventure, please go to http://www.heavenandearthworkshops.com/financial.html.
Disclaimer and statement of purpose:
The purpose of this column is not to predict the future movement of various financial markets. However, that is the purpose of the MMA (Merriman Market Analyst) subscription services. This column is not a subscription service. It is a free service, except in those cases where a fee may be assessed to cover the cost of translating this column from English into a non-English language.
This weekly report is written with the intent to educate the reader on the relationship between astrological factors and collective human activities as they are happening. In this regard, this report will oftentimes report what happened in various stock and financial markets throughout the world in the past week, and discuss that movement in light of the geocosmic signatures that were in effect. It will then identify the geocosmic factors that will be in effect in the next week, or even month, or even years, and the author’s understanding of how these signatures will likely affect human activity in the times to come. The author (Merriman) will do this from a perspective of a cycle’s analyst looking at the military, political, economic, and even financial markets of the world.
It is possible that some forecasts will be made based on these factors. However, the primary goal is to both educate and alert the reader as to the psychological climate we are in, from an astrological perspective. The hope is that it will help the reader understand these psychological dynamics that underlie (or coincide with) the news events and hence financial markets of the day.
No guarantee as to the accuracy of this report is being made here. Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume any responsibility at all for those individual decisions. Reader should understand that futures and options trading are considered high risk.
Copyright MMACycles 2007; you may link to this site or page, but you may not distribute these texts in any way (by email or otherwise).
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