Menu Content

Merriman Market Analyst

Home arrow Weekly Preview arrow MMA Comments for the Week Beginning February 2, 2009
Advertisement
Please note:
This is not the same as our service titled
"MMA Weekly Comments and Recommendations on Financial Markets"
which is available by subscription only.
Flowchart on MMA Products and Services
MMA Comments for the Week Beginning February 2, 2009

Review and Preview

 The January 23 geocosmic critical reversal date coincided with an expected trough (low) in most stock indices of the world last week. And those lows have so far held above the lows of November 21 and/or late October, which started the current primary cycle for most stock markets. But there is still danger.

 In the Far East and Pacific Rim, the Australian All Ordinaries bottomed at 3300 right on January 23. That low was a re-test of the 3201 level of November 21, but the rally towards 3500 by the end of the week was not enough to confirm this as the start of new primary cycle. In Hong Kong, the Hang Seng was closed most of the week in observance of the Chinese New Year on last Monday’s Solar Eclipse. But following a low of 12,439 on January 21, it rallied smartly to 13,560 last Thursday. Japan’s Nikkei Index bottomed on Monday, January 26, at 7671, which was also a successful re-test of its October and November lows of 6995 and 7406. By Thursday it was up to 8305 before settling back to close just below 8000. India’s Nifty Index bottom at 2661 on January 23 and managed to climb back to 2881 by Friday. In all cases, the lows of the January 23 period held above the lows of last October-November. In all cases, the rallies lasted until the last two days of this past week, but those rallies were not enough to confirm that primary cycles were completed. With the Venus “translation” to the Cardinal Climax planets still in effect through the end of this coming week, danger is still present.

 In Europe, the Netherlands AEX bottomed at 227.53 on our January 23 reversal date, which was a successful re-test of the 220.12 low of November 21. The German DAX index also bottomed on January 23, at 4067, which formed a successful re-test and triple bottom to the 4014 and 4034 lows of October 24 and November 21. The same pattern was evidenced in the London FTSE, which bottomed at 4046 on January 23, well above its lows of October and November. The Swiss SMI Index however was not so impressive. After putting in a low at 5194 on January 23, and rallying to 5457 the next day (Monday, January 26), it fell back again to 5241 intraday on Friday. In fact, all the other European indices topped out Thursday, only to start a retreat into Friday, thus calling into question just how stable the January 23 critical reversal date will be.

 A similar pattern was present in the USA stock markets. After bottoming at 7909 last Friday, January 23, the Dow Jones Industrial Average soared to 8405 on Thursday, closing up over 200 points. However, in typical Mercury retrograde fashion, that bullish signal was negated the very next day as it sold off and closed down 226 points. By Friday, it was trading below 8000 again. That was true in the NASDAQ Composite, which made a low of 1434 last Friday, January 23. By Wednesday it was up to 1568. But by Friday, it was back down below 1475. Once again, we see the fickle nature of markets under Mercury retrograde, in which buy and sell signals do not last more than 1-4 days. In fact, it confirms our belief that during these times, we will see more than usual number of “fake outs” of various technical signals.

 Gold and Silver formed an impressive top last Monday, and started a healthy sell off. But those sell-offs suddenly reversed on Thursday and by Friday, both were well above Monday’s highs. What is most interesting is that these sharp rallies in the metals occurred while currency prices were declining against the US Dollar. The story is that in times of uncertainty, Gold and the US Dollar are seen as safe havens. But we have been in a time of uncertainty for quite some time now, and the Dollar has gone opposite metals for most of this period, as would be “normally” expected – except under Mercury retrograde, when the “norm” is no longer is reliable.

Short-Term Geocosmics

 The Mercury retrograde period ends this weekend, February 1. However, it may take all of this week before markets return to more normal technical conditions, especially given that the Employment and Payroll reports will come out Friday, February 5.  If that is not enough to make the market on edge, consider also that Saturn will makes its second of five oppositions to Uranus that day, and Venus will complete its “translation” of the Saturn, Uranus, Pluto T-square then as well. As stated last week, “… but more relevant to market reversals is the translation of Venus to the developing Cardinal Climax planets of Saturn, Uranus, and Pluto. These three planets are moving towards an 80-90 year T-square configuration with one another. From January 22 through February 5, Venus will first conjunct Uranus (January 22), then form an opposition to Saturn (January 24), and finally a square to Pluto (February 5)…. Thus these markets either reverse in this time band (January 23-26), or else they break down and enter a “panic” phase, which has been the pattern with these translation periods in about 80% of cases in the past year.”

This week is important. Will the lows of January 23-26 hold? Or will they break and be followed by yet another panic? The answer will tell us something about the status of the longer-term trend. I have my bias which will be shared with subscribers in this week’s weekly report.

Longer-Term Thoughts

 What ARE they thinking? The economy is headed into its deepest recession since the 1930’s, the stock market has suffered its greatest decline since the 1930’s, and the government has taken nearly $1 trillion of taxpayers’ monies to “rescue” the banking and financial services industry that is perceived to be at the root of this problem. And what do these Wall Street and banking firms do with that money? They give bonuses exceeding $4B to their executives and buy new corporate jets for travel convenience for these same executives. Are these businesses and banking leaders really so out of touch with Main Street that they cannot see why even President Barack Obama calls this behavior “irresponsible and shameful?” Apparently so, but this fits right in with the nature of the long-term planetary signatures in effect right now.

 As discussed at length in both the 2008 and 2009 Forecast books, Saturn is now in Virgo, September 2, 2007 through October 29, 2009, with a brief return April 7-July 21, 2010. Saturn pertains to dissatisfaction, a feeling of frustration and lack of support. Virgo rules the work force. Typically when Saturn transits through Virgo and Libra – the middle of the zodiac - there is a heightened sense of social injustices to the “common man,” or “Main Street.” It is a time when workers can feel taken advantage of, treated unfairly. If this frustration reaches a certain level, workers become rebellious, and demand change, or else they strike. They can strike by stopping work, thereby shutting down the channels of distribution of essential goods (i.e. as in France this week). They can protest by electing new leaders to replace those who allowed the inequities to take place. That is basically what happened in the United States last year. The middle class was “squeezed out” of sharing equitably in all the prosperity that was reflected in the all-time highs in stock markets around the world. The frustration reached that critical “heightened sense of inequality” during the election season as 1) the economic crisis hit and 2) Saturn in Virgo made its first of five passages in opposition to Uranus. Uranus pertains to sudden crisis, where events occur unexpectedly and without adequate preparation. Hardly anyone expected the banking crisis to erupt going into an election. After an election, yes, but not just before it. Everyone may have failed to properly underestimate the competency and sensitivity of the leadership’s ability in handling the economic situation that was arising as this Saturn-Uranus opposition was approaching. They certainly failed to understand the pent-up frustration of Saturn in Virgo that would be unleashed by the middle class (“common man”) just in time for the election.

 But what is most astounding is that this same failure in sensitivity by banking and financial leaders is continuing even after the route in the election, and even after the crisis in the banking system has occurred, and even after taxpayers’ monies have been tapped to come to the “rescue” of these banks. Using “taxpayer bailout money” to buy corporate jets and award their executives – who mostly had dismal performances - with huge bonuses? But then again maybe this should not be so surprising to Financial Astrologers. After all, Saturn is still in Virgo, and later this coming week, it will make its second of five opposition aspects to Uranus. Only three more to go. At this rate, one has to wonder what will be left of U.S. banks and financial institutions by July 2010 when the fifth and final passage takes place. What will be left of the “management class” when the “common man” (and Obama) gets done with them? Saturn opposite Uranus, to be followed by Saturn square Pluto, and then Uranus square Pluto. It sounds like a 5-year funeral procession for a class of people (“executives-on-greed” steroids) about to become extinct. We may see another giant fall in the next five weeks, and even days. I just don’t see Obama having much sympathy if one of these institutions teeters on the edge right now. And some are. They are going down, unless they wake up and act more responsible and socially sensitive in his eyes. This attitude that they are “too big to allow to fail,” isn’t going to cut it with the new sheriff in town.

 

Announcements




The “Forecast 2012” webcast will take place on Sunday, February 19, starting at 1:00 PM EST (that’s 6:00 PM GMT or 10:00 AM PST). Via the modern technology of our webinar host, you can log onto this presentation on current markets (both long-term and short-term outlooks) and the political-psychological climate for 2012, in the comfort of your home or office. All you need is a computer with speakers. You can hear the speech and see the live presentation and slide show, complete with the charts as they are being discussed, on your computer screen. The cost for this special event is $45.00. If you are interested in being part of this unique live webcast, just register at the MMA Website (www.mmacycles.com) and scroll down the opening screen for the announcement. Or drop us an email (ordersmma@msn.com) or fax (248-538-5296), or call us at 1-248-626-3034. Instructions to log into this event will be sent upon making reservations. Reserve early (before February 17), for space will be limited.

Many of you have asked about DVD’s or CD’s on the “Forecast 2012 Mini-Congress on January 21 in Amsterdam that I participated in. On the program were also three other excellent speakers on the subject: Irma Schogt of Schogt Market Timing in Amsterdam, plus world renowned astrologer Katen Hammaker-Zondag (specialist in the future of the Euro zone and Euro currency) and Antonia Langsdorf, of Cologne, Germany, who wrote “The Eye of the Storm,” a best-selling rendition about the year 2012 from the point of view of Mayan schools and astrologers. These recording will soon be available through Irma Schogt. We will announce when they will be available, probably within the week. You check in with us next week, or contact Irma directly at www.markettiming.nl.

 

If you are an active short-term trader, or even if you are an investor who likes to keep up with our current thoughts on financial markets, you may be interested in our Weekly or even Daily Market reports with position trading and aggressive trading recommendations. It is the only way I keep in touch with traders on a daily or even weekly basis, as I no longer offer personal consultations. These reports give in-depth analysis of the DJIA, S&P and NASDAQ futures, Euro currency (cash and futures), Dollar/Yen cash and Yen futures, Euro-Yen cash, T-Notes, Crude Oil, Gold and Silver. The daily reports cover all stock indices listed above, as well as futures in Euro, T-Notes, Gold and Silver. Both reports provide trading strategies and recommendations for position traders as well as for shorter-term aggressive traders. Subscription to the daily report also includes the weekly report. For more information, go to http://www.mmacycles.com/services, or call our offices at 1-248-626-3034. These reports are extremely valuable to those who trade ETF’s (Exchange Traded Funds). In the words of one of our subscribers: “I am really pleased with your recommendations through the Daily and Weekly Trade Recommendations.  I have used them to trade gold and silver stocks in my IRA.  In the last eight years I increased my account from $60,000 to $712,000 (now $850,000).  Thanks for your excellent publications.” - Bryden C., Small Business Owner, Illinois.


Copies of the printed version of Forecast 2012 are still available. There will be no additional printings, so when they are gone, they are gone. This year’s book is 200 pages – our largest ever – and packed full of information about the economy, USA Presidential election, social and economic trends, and of course, financial markets with their all-important three-star critical reversal dates (the one and two-star reversal dates are covered in the MMA Cycles Report, as well as weekly reports). For further information, please go to the front page of our web site at www.mmacycles.com, Or call us at 1-248-626-3034.

The E-Book version of the Forecast 2012 Book is now out as well in two different formats. The first is our own version, which contains both the text and the calendar-ephemeris for 2012. The cost for this is $55.00, or $35.00, depending on whether you also ordered the printed version too.  The second is through Apple iTunes, which covers iPhone 4 and 4S, and the iPad, and also Amazon.com Kindle. The cost is $39.99. It does not contain the advertisements or the planetary calendar and ephemeris in the back. You can now order it if you have an email address registered via one of these 9 countries (USA, UK, Australia, France, Canada, Italy, Portugal, Slovenia, and Spain). Just go to iTunes, and then “Library,” then “Store,” then in the field titled “Search,” type in “Forecast 2012” or “Raymond Merriman” (without quotation marks). Or, go to http://itunes.apple.com/us/artist/raymond-merriman/id408289861?mt=11.

“After reading the annual Forecasts and subscribing to MMA Cycles for the past ten years, I can say that Ray Merriman's forecasts are uncannily accurate and indispensable for the preservation of wealth. Nothing else I've seen compares. It is without a doubt the best perspective on the big picture, not just bits and pieces of the picture.”
W.W., Investor and Teacher, Indiana.


Our new 2012 MMA Catalogue is now out!! You can download this catalogue directly at http://www.mmacycles.com/index.php?option=com_docman&task=cat_view&gid=41&Itemid=63.

Events:

February 19, 2012: “Forecast 2012 Worldwide Webcast!!!” This is our annual speech to viewers the world over. It will be the latest update on Raymond Merriman’s annual Forecast Book. Utilizing the study of cycles and geocosmic factors, this speech will focus on the current state of the economy, political situation in Washington, DC, and in particular, the financial markets, including: the U.S. stock market, interest rates, the U.S. Dollar, Gold, and Silver. This will be a telecast of the live presentation taking place at the Michigan Education Conference Center in Troy, Michigan on Square Lake Road. The webcast and speech will start at 1:00 PM, EST and last two hours. Cost to participate in the webcast, or to attend in person in Troy, is $45.00. Go to http://www.mmacycles.com/catalogue/multimedia/forecast-2012-live-webcast-february-19,-2012!!!/ for more information.

March 1 and 3, 2012: Hong Kong. “Forecast 2012” on Thursday, March 1, and a full day intensive on “Financial Market Timing” on Saturday, March 3, with emphasis on Gold, Silver, Currencies, and Equity Markets for 2012. Organized by Earlthorn.Com at the Excelsior Hotel, Causeway Bay, Hong Kong. Contact Teresa Wong at 852-2529 1211 (phone), or by e-mail at earlthorn@hknet.com. A special 90-minute private meeting with MMA Subscribers will follow the workshop on March 3. You must reserve your space for this meeting with MMA.

March 9-11, 2012: The 12th Annual Balkan International Conference, Belgrade, Serbia. Featuring a pre-seminar workshop with Raymond Merriman. For further information on this fantastic gathering, contact www.keplerunited.org. +381-11-267-31-92 or email info@keplerunited.org.

April 19 and 21, Boulder, Colorado. “Forecast 2012” with Raymond Merriman, plus a workshop on “Financial Market Timing,” focusing on equities and precious metals. Sponsored by ROMA. For more information and registration, contact dralagifts@msn.com. Once again, a private meeting for MMA subscribers will follow the workshop.

May 24-29, 2012: UAC!!! The world’s largest astrological conference. Taking place at the New Orleans Marriott Hotel. Go to www.uacastrology.com. There will be an awesome Financial Track, featuring some of the top Financial Astrologers and researchers in the world. There will be private meeting for MMA on Friday or Sunday evening on the top floor of the Marriott.

June 23: Amsterdam. A special 5-hour workshop on “The Gold Market: Forecasting the Price of Gold” Details to be announced shortly, but mark your calendars for an exciting event in one of the world’s most exciting cities at the most exciting time of the year: the first Uranus-Pluto square!

August 2-6, 2012: Midwest Astrology Conference, in Ann Arbor, MI, Holiday Inn. Pre-seminar workshop on Financial Astrology, Thursday, August 2, with Raymond Merriman. More details soon.

September 14-15, 2012: San Diego: Lecture on world economy and national election, and then a workshop on Financial Market Timing. More details shortly.
details soon.

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).

Archives

Previous weeklies (2006) are archived at www.olmta.com

For other language editions of MMA´s weekly comments:


Owners of websites:

This Weekly Market Climate is available for co-branding. Call 1-800-662-3349 for details.