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MMA WEEKLY UPDATE FOR WEEK BEGINNING
MONDAY, JUNE 18, 2001
After staging a modestly impressive rally into Wednesday last week, the U.S. stock indices sold off sharply into early Friday, to a new post-crest low. If Jupiter trine Uranus is indeed the strongest correlation to primary or greater cycles in the U.S. stock indices within 8 trading days of its occurrence, then a significant low would appear to be forming now. As stated during the past several weeks, this signature occurs June 19, this forthcoming Tuesday. However, the 8-trading day is in effect for another 2 weeks, so that low could form anytime now.
In addition to Jupiter trine Uranus, there are several other geocosmic signatures and potential reversal dates in effect this week. On Monday, Mercury trines Jupiter, which is usually bullish, or a top, for stocks. On Thursday morning, before the market opens, there will be a total solar eclipse right on the summer solstice. This is also the midpoint of a huge geocosmic cluster. Therefore we look for June 21, plus or minus 3 trading days, to be very critical for U.S. stocks, as well as many other financial vehicles. Ideally it will be a low from which prices stage a huge rally again. However, if prices rally sharply for 2-3 days into here, then we would expect another sharp decline to a tight cluster that forms the following week, around Mercury direct on June 28.
Keep in mind that both Mercury and Mars continue in retrograde through June 28. It is therefore still a time of instability in market conditions. This is just a short-term traders market, and traders continue to be advised to take profits quickly. In other words, this is not a market conducive to those who like to buy and hold for a more than 4 days.
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