Turns out that Raymond Merriman had posted comments for January 19 in lieu of his regular weekly comments. Last weekend, I had therefore posted excerpts from his new 2009 book. Here, I'll copy in what he posted publicly at his weekly comments page (link in "other sites of interest" at the right side of this page):
MMA Weekly Comments for January 19, 2009
Written by Raymond Merriman
Note: Due to my lecture and travel schedule, I will be unable to deliver this free weekly column this week. In its place we include our special Stock Market Alert sent out January 10, 2009, to all MMA Subscribers.
Also, please note the monthly edition of MMA Cycles report will be issued this week to subscribers of that report.
For a review of the recent presentation of Forecasts for 2009 in Amsterdam, please check out the following web site: www.markettiming.nl, and then go to “photo report” of Forecasts for 2009 speech. Irma Schogt did a fantastic job of summing up the messages in that speech.
Special MMA Stock Market Alert
From: MMACYCLES
Sent: Sat 1/10/09 10:09 AM
Special Alert from MMA
To All MMA Subscribers
Issued: January 10, 2009
It is not often that I issue a special alert, but the technical formation of a weekly “Pat’s Combo Down” in all three U.S. stock markets we track necessitates such an alert, especially given the fact that last week’s SOS Report was issuing bullish signals at the time it was written last Tuesday, January 6.
The high and low of the DJIA, SPH, and NDH were above their respective lows and highs of the prior week. And then all three closed below a proprietary support level. This is known as a “Pat’s Combo Down,” and is usually an indication of a sharp decline to follow. It is not a 100% indicator (nothing is), but I would guess it works 90% of the time. As an example of previous instances of this indicator on the weekly charts, observe the Nikkei cash index on the week ending September 26. The high of that week was 12,264. It closed at 11,893. That index then crashed, with a bottom not completed until the 6994 low of October 28, five weeks later. The opposite indicator, a “Pat’s Combo up,” occurred in the Euro currency on the week ending December 5. The low of that week was 1.2548. Two weeks later it made a high at 1.4719.
Named after the late Patrick Shaughnessy of Scottsdale, AZ, from whom I had the pleasure of studying with about 20 years ago, this is one of the most reliable indicators that I am aware of. As you can see from the examples above, the formation of such a set-up usually leads to a very sharp move that usually lasts 1-6 weeks.
The other thing to note is that Mercury goes retrograde this weekend, through February 1. The last instance of this geocosmic phenomenon coincided with the heart of the market meltdown in late September through mid-October 2008. We must also keep in mind that technical signals under Mercury retrograde can be false signals, so that is the one factor that may lead to this being a false signal.
But don’t discount it. This is a powerful and quite reliable signature historically. If the market does crash down hard, it may last into our January 23 three-star critical reversal zone, or perhaps even into the next Saturn-Uranus opposition date, which is February 5, the date of the next Employment and Payroll report. A retest of the November lows, or even lower, is possible if last Wednesday turns out to be the primary cycle crest. If it was only a half-primary cycle crest, then this move could be completed with a half-primary cycle trough by the January 23, +/- 3 trading days, critical reversal zone. In that case, a decline that only tests - but does not take out the November lows - could be a good buying point.
If long, traders and investors need to be very careful this coming week. If not long, aggressive traders could look to sell short if trading under Mercury retrograde. Once again, we may see huge price movements for the next two weeks, reminiscent of September and October. Once again, we may see great stress and strain in the efforts of our government and economic – and maybe even military - leaders to demand decisions before their time is ready. The gridlock and polarity of positions may once again result in lack of faith in the government, and roiling of the financial markets.
...
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 2009; 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:
Dutch : www.markettiming.nl (Nederlands)
French : www.lecochonsideral.info (Francais)
German : www.astrodata.ch (Deutch)
Japanese : www.astrology.jp
Polish : www.astrobiznes.pl
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