MMA Comments for the Week Beginning July 25, 2011
Written by Raymond Merriman
Review and Preview
After falling to intermediate-term cycle lows early last week, July 18-19, most equity markets around the world rallied sharply to close the week in positive territory. The stimulus for the rally was the new Greek bailout plan. Prior to that announcement, European stocks were reeling. The Swiss SMI index fell to 5813 last Monday, in lowest price in about two years. By Friday it had rallied sharply to 6095. The Netherlands AEX index plummeted to 323 early last week, it lowest level since September 1, 2010, but rebounded smartly to test the 340 area by Friday. The German DAX and London FTSE also rallied from their weekly lows Monday-Tuesday to close the week modestly higher. Neither of them fell below the lows of June, however, for a case on regional intermarket bullish divergence.
In Asia and the Pacific Rim, the lows of the week fell on Tuesday, July 19. The Australian All Ordinaries fell to 4515 that day, a double, bottom to its recent low of 4508 registered on our three-star critical reversal date of June 27. It closed the week sharply higher at 4674. The Nikkei of Japan continued its climb upward from a low of 9318 on June 16, and its earthquake-tsunami disaster low of 8227 in mid-March. By Friday, July 22, it was up to 10,149. The Hang Seng of Hong Kong ended its decline at 21,611 on July 19, and by Friday it was up to 22,449.
Longer Term Thoughts
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, 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), Swiss Franc, Dollar/Yen cash and Yen futures, Euro-Yen cash, 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. 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 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."The writing of "The Ultimate Book on Stock Market Timing, Volume 5: Price Objectives and Technical Analysis," is now in the hands of editors. It should be out in September as planned. It is always a surreal feeling when I complete a book of this size (over 300 pages). Like every market analyst who writers a book, I think this is the greatest one ever written. Did I ever disclose that I had Mercury in Sagittarius? Well, it is true. I am very pleased with this book and I think it is the one book that you will truly get your money's worth from purchasing. It's a book about the tools that real serious traders use, the formulas that they use to calculate price targets, and the trading plans that work using market timing and technical indicators. This book is like the markets itself: it is packed with powerful tools (signals), and if you take the time to learn these tools properly, your chances of being a successful trader will increase tremendously. The book is approximately 325 pages, printed in perfect bind format, gloss cover, 8-1/2" x 11" size. The retail price at the time of publication will be $144.00. Our offer of a pre-publication special price of $95.00 (plus postage) ends next week August 1. There will be another pre-publication offer at $125.00 starting August 1, which will remain in effect until the book is delivered to the printer, at which time the price will be set at $144.00. That is expected to happen in mid-August. This publication will complete the project that started in 1996, and covered approximately 1600 pages of studies and strategies for all types of traders and investors, using our market timing methods. In all, this is a complete and unified approach to analyzing (and trading) financial markets, and especially stock markets. If you are interested in this unique and integrated methodology for analyzing and forecasting stock indices, you can save big bucks by ordering now at http://www.mmacycles.com/catalogue/books/the-ultimate-book-on-stock-market-timing-volume-5/, or just go to www.mmacycles.com and scroll down to the announcement.
August 13, 2011: San Francisco, CA. Financial Market Timing seminar, featuring Raymond Merriman. It is on. Location is Golden Gate University. Details available at www.tsaasf.org. Immediately afterwards there will be a special meeting with MMA subscribers who make reservations with us beforehand (call 248-626-3034, or email Amber at email@example.com). There is no charge for subscribers to attend this special meeting afterwards. Also on the program will be fellow Financial Astrologer Arch Crawford, and Gann Specialist Sinan Koray from Australia. The TSAASF has arranged special rates at the Club Quarters Hotel on Clay Street. Call 415-442-6583 for reservations. My talk will be on the "Gold and the Saturn-Pluto Cycle."
January 6-7, 2012: Zurich Switzerland. Forecast 2012 Symposia sponsored by AstroData. Details to be announced shortly at www.mma-europe.ch.
March 16-18, 2012: The 8th Annual Balkan International Conference, Belgrade, Serbia. Featuring a workshop on Financial Astrology with Raymond Merriman.
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 firstname.lastname@example.org.
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.
September 20-27, 2012: The first annual "MMA International Cycles Summit on World Economy, Politics, and Financial Markets." Location will be in Lake Bled, Slovenia, one of the most beautiful regions in the world. Details will be announced soon. It's on!
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 2007-2011; you may link to this site or page, but you may not distribute these texts in any way (by email or otherwise).
Previous weeklies (2006) are archived at www.olmta.com