Well well ... The stock market was set to drop, and did, but now could go either much higher, or much lower, into mid-December ....! Ack! That's what I'm seeing from some fine analysts, and now Raymond Merriman discusses this dilemma too! We appreciate Raymond Merriman's previews because he shares a glimpse of his forecasting analysis for the financial markets including market cycles, economy, and even the political climate. We'll see what he's saying in his public comments this weekend, incorporating his cycles analysis with his financial astrology for equities, bonds, currencies and commodities - for commentaries that are always fascinating. Here's Ray Merriman's set of public preview comments for the upcoming week, from his site at Merriman Market Analyst MMACycles Weekly Preview Comments:
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MMA Comments for the Week Beginning November 22, 2010
Written by Raymond Merriman
The weekly columns will continue to be shorter than usual this week and next, due to deadline for the Forecast 2011 Book. There may be no “Longer-Term Thoughts” section until after the deadline of December 1. The book is otherwise on schedule to be completed by then, printed and sent out by December 15, to all those who have pre-ordered.
Review and Preview
If you are a Financial Astrologer, you got to love what happened last week.
On Monday, November 15, the Sun formed a waning trine (240°) to Jupiter. That’s two benefics (Sun and Jupiter) in a harmonious (trine) aspect. Three days later, on Thursday, November 18, both Venus and Jupiter changed directions. It is quite rare when both move from their retrograde to their direct motions on the same day. This highlights the principles of two benefics as well, for approximately one week either side of the event (Venus and Jupiter). More importantly it suggests success for anything that was “born” that day, such as the resurrection of General Motors as a publicly offered stock.
November 18 was also the same day that the Sun formed a waning square (270°) to Neptune, from the very transformative and transcendental signs of Scorpio and Aquarius respectively. The hard-aspect participation of Neptune may give a quality of non-reality, fantasy, or fabrication to the events of the day. Did Ben Bernanke really mean to start a “cold war mentality” with China by attacking their currency policies, as alleged by Chinese state authorities? Did Steven Rattner, the Obama Car Czar who led the General Motors resurrection, really get sued on the same day of GM’s initial public offering, for “pay to play” allegations, of using “special favors to win a $150 million investment from the state pension fund,” according to Friday’s Wall Street Journal? As these signatures suggest, it was a great day in many respects, but also a day of strange allegations that could damage the good will between nations who need one another, and the reputation of others who had just attained some measure of success on a major project.
The week closed on Friday, November 19, with a waning trine (240° aspect) between the Sun and Uranus. Together, these five signatures suggested a change of trend in many financial between November 15-19. And indeed, almost every market we track reversed in the middle of last week. On Tuesday, November 16, the Dow Jones Industrial Average dropped slightly below 11,000, to a low of 10,978. The next day, November 17 (right in the middle of this tight cluster), it closed down 15 points, to 11,007, its lowest close since the two-year high was reached two weeks ago at 11,451.50 on November 5.
For a chartist, this 10,950-11,000 area represented very important support. It was the extension of the neckline of a chart formation known as a “bullish reverse head and shoulders pattern.” When the DJIA broke above a trend line connecting the highs of June 21 and August 9, known as the “neckline” of this reverse head and shoulders formation, it indicated that a new bull market was in force. That happened first on September 30, and then again October 5. The upside price target then became 11,639 +/- 239. The lower end of this range has been met with the recent high of 11,451.50 on November 5.
But once a neckline is broken, it then becomes support to the first decline that follows. That would be now. The market fell down over 4% from its 11,451.50 high on November 5 to its 10,978 low of November 16. It was still around this area on November 17, the day of the lowest close last week. But then it was up 173 points on Thursday, November 18, the exact day of the Venus and Jupiter stationary direct changes.
It wasn’t just stocks that reversed that day. After all, Venus rules all financials and especially currencies. The euro currency, like the stocks, also made a 2-week decline from a high of 1.4245 on November 5, to a low of 1.3440 on November 16, right in the center of this geocosmic reversal zone of November 15-19. On November 18, the Euro currency shot up 1.11, which is fairly big move for this market. The same thing happened with the Yen, which made a 15-year high against the Dollar on November 1 at 124.66. By Thursday, November 18, it was down to 119.36 before it started to recover. Venus also rules Soybeans. A week ago, on November 12, the March contract topped out at 1354. By Wednesday, Nov 17, March Soybeans were down to 1183, a drop of 12.6%. They then reversed sharply the next day as Venus turned direct. However, by Friday, they fell hard again. Sometimes Venus is indecisive. It doesn’t know if it wants to really go up or down. So it does both in short fashion.
Gold and Silver – and even Crude oil - followed similar patterns into last week’s reversal zone. On November 9, Gold topped out at 1424.30. On November 16, it dropped to its lowest level of the move so far, to 1329. It lowest close during this decline was on Wednesday, November 17, at 1336.90. Likewise Silver made a 30-year high at 2934 on November 9. On Tuesday, November 16, it dropped to 2498, its lowest level of this move. It was still down to 2550 on Wednesday, November 17. The next day, as Venus turned direct, Gold was up 16.10, and Silver was up 132 to 2683. Silver closed the week back above 2700.
All in all, it was a good week for Financial Astrology. It was an exceptional week for our daily subscribers.
Short-Term Geocosmics
Yet we all know the rules of the game, of life itself. No matter how good your forecast of the markets is, the only call that matters now is your next one. And there is quite big “next one” coming up November 29-December 18.
During that time, Mars will first form a square translation to the Jupiter-Uranus conjunction on November 30 and December 3 respectively. The middle of the greater time band will then correspond to Uranus turning direct (December 5), Mercury turning retrograde (December 10), and Mars conjunct Pluto (December 13). The midpoint of all this geocosmic activity is December 8. The financial markets can either continue their new post-Venus direct ascent into then, or they can immediately reverse and crashed down to a secondary low then. We probably won’t know which pattern will be valid until after Tuesday, November 23.
For this coming week, we note the full moon of Sunday, November 21, at 29° Scorpio-Taurus. This is the last degree of two powerful fixed signs, and the degrees themselves have rather ominous qualities in the study of astrology. The last degrees of Scorpio are where the stinger on the Scorpion is located. Just ask Car Czar Steven Rattner about this. The last degree of Taurus is said to rule loss or tears of sadness over a loss.
The Sun then moves into its month-long passage through Sagittarius, November 22-December 21. This is usually the time of the year to be jolly and happy, in anticipation of the solstice and religious, traditional, holidays to come. Aside from that, not much is happening on the geocosmic front until after this Thanksgiving holiday week. U.DS. markets will be closed on Thursday. On Monday, November 29, that next cluster begins as discussed previously, and Venus (financial) will also return to Scorpio (debt and taxes), lasting through January 7, 2011.
Longer-Term Thoughts
2011 promises to be another dramatic year of surprises, especially given that Jupiter and Uranus are going through Aries, while Uranus will be making 1) a T-square to Federal Reserve Board chart, and 2) also to the natal Venus in the charts of the United States and 3) Barack Obama. The 28-29 year Saturn Return in the USA chart will also be in force late November 2010 through August 2011. In fact, it probably started with the mid-term elections.
Saturn returns are periods of special developmental cycles for any living organism on earth. It is time for pause and reflection, especially over the past 28-29 years, and even the 7-year quarter cycle. It is a time of accountability, and the strong urge to contract activities in order to rebuild one’s foundation correctly. This is also true for nations going through Saturn returns.
Happy Saturn Return to the United States of America. Its 8th Saturn Return begins now. It is the end of one 29-year era, and the start of another. Just like the last one, the worry on everyone’s mind has to do with the economy, both nationally and internationally. Just like the last one, much geopolitical attention in the USA is now on Iran and Afghanistan. Some things just keep going around and around in circles, and government leaders still fail to see the cycle or the connection. But it does serve to make Financial and Mundane Astrology one of the most fascinating studies in human activity.
Announcements
The English edition of the Forecast 2011 Book is on schedule to come out December 15. It can be pre-ordered at www.mmacycles.com. We are pleased to announce that it will also be translated into several languages this year, through the following MMA publishers, which also publish our free weekly columns in their respective languages:
Chinese: at http://www.zzdcycles.com
Dutch: at www.markettiming.nl
German: at http://www.mma-europe.ch/
Japanese: at http://merriman.jp
Russian: at http://www.urania.ru/
Spanish: at www.mmacycles-spanish.com
For a detailed 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/. It’s even better then we thought when first reviewed in August. Also interesting is that the huge run up to new yearly highs in world stock indices for the second of this year was covered in the 2010 book. It is all part of the huge “Asset Inflation” described therein.
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, 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, go to http://www.mmacycles.com/services, or call our offices at 1-248-626-3034. 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.”
January 9, 2011: The annual worldwide webcast on “Forecast 2011.” Details to be announced soon. Cost will be $45.00.
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.
February 6, 2011: Lansing, MI. “Forecasts for 2011” with Raymond Merriman, sponsored by the Learning Center. Contact 517-664-2665 for information.
April 28 and 30, 2011: Kansas City, Mo. “Forecasts for 2011” and “Financial Astrology Workshop” with Raymond Merriman. Sponsored by AOA. For more information, please go to http://www.astrologykansascity.com/, or contact allenblasco@yahoo.com. This will probably be the next Financial Astrology workshop in the United States.
May 2011: Ljubljana, Slovenia and Belgrade, Serbia. Details to be announced soon.
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. I am going to have to start talking about this soon because it will be a big event for me I haven’t had a multi-day conference on my work for several years now. This will be a joy and a challenge to put together what I have learned since 2006, both as a market timing analyst and a trader. I hope several of you can join us. I believe it will be well worth it, if you wish to learn these methods of analysis, and talk to others who also seriously study these subjects. You should sign up early to get an advanced registration discount. I have never been to Bali, but I hear it is lovely. I may stay there a few additional weeks and write.
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 2007-2010; 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:
Chinese : www.zzdcycles.com
Dutch : www.markettiming.nl (Nederlands)
German : www.mma-europe.ch (Deutch)
Japanese : www.merriman.jp
Polish : www.astrobiznes.pl (Polska)
Russian : www.urania.ru
Serbian : www.mma-balkan.com
Spanish : www.mmacycles-spanish.com (Español)
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