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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (21534)	7/30/1999 11:02:00 AM
From: Les H	Read Replies (4) \| Respond to of 99985

Astrologists tip world meltdown By Brian Hale in New York The Sydney Morning Herald Friday, July 16, 1999 Forget the bond and sharemarkets, kiss the spouse and kids, stand by for disasters on a grand scale, and start to worry about Monday-week and most of August. America's astrologers are going wild with worry about an upcoming series of eclipses and planetary alignments, and they think we should be too, particularly the country's leading financial astrologer Mr Arch Crawford. [I am an astrologer in the U.S. The predictions of big doom in this news report are not consistent with my findings. A few of the predictions published by me and others are available here: flex.com - Jai Maharaj] Predictions range from assassination attempts on world leaders, chemical spills and deception to germ warfare, not to mention earthquakes, tidal waves, tornadoes, hurricanes, floods, nuclear, chemical or biological war or accidents ... oh, and sudden reversals in financial markets (even meltdown) possibly signalled by a Chinese devaluation of the yuan against the US dollar. Even Nostradamus has become a headliner amongst astrology buffs who have unearthed a prediction by the French psychic 430 years ago that "in the year 1999 and seven months, from the skies will come a King of Terror to raise again the King of the Mongols. Before and after, Mars [the God of War] shall reign at will." The cause of all this excitement, forecast to last from today until late August, is a series of eclipses, T- squares and Grand Crosses among the "wandering stars" that astrologers say is unprecedented in our lifetimes and maybe in millennia. Mr Crawford, who has a long record of forecasting major market turns as well as events such as the Challenger explosion and Kobe earthquake, says: "The next 60 days will make all those look like a walk in the park. "Never, ever have we observed combination after deadly combination culminating one after another in a truly apocalyptic sequence," says Mr Crawford. August 11 is "the big one, the mother of all solar eclipses" for Mr Crawford as well as Nostradamus, because the eclipse coincides with a "grand cross" and Mars opposing Saturn. Dell Horoscope magazine thinks it "might augur a paradigm shift of global proportions" while the Earth Changes Report thinks "the basic stability and strength of the free-market system will be at stake". Mr Crawford believes the greatest after-shocks are likely to be triggered by the formation of a second "grand cross" on August 16-17 involving Jupiter, Neptune, Mercury and the Moon - the first for thousands of years. But before that we have to get through Saturn squaring Uranus (on July 17) and a series of squarings and conjunctions heading into July 28's lunar eclipse (when Mr Crawford believes some currencies and bond markets will collapse). Mr Crawford's advice is to go 200 per cent short on Wall Street because "it is a bear trap of momentous proportion" and seek opportunities in gold, silver, oil and the Commodity Resources Bureau (CRB) Index ahead of the turmoil in currencies and bonds. Then again, it might not be worth bothering. By August 7, when the Sun is opposing Uranus and squaring Mars, Mr Crawford says: "If we weren't at war yesterday, we will be today." >>>He seems to predict a calamity almost every year. >>>But then the S&P Transports and Utilities (and Dow Utilities) >>>have decidedly broken down this week.

To: pater tenebrarum who wrote (21534)	7/30/1999 11:27:00 AM
From: dclapp	Read Replies (1) \| Respond to of 99985

first, thanks again Heinz, LG and all for the great (ahem) "on topic" posts! I agree completely with Yardeni's rate call of "raise now, lower later." I think the Fed wants to cool off the market prior to y2k (which I believe will have severe consequences), but must address already worsening credit spreads later in the year. Hence raise "to cool" then lower to add liquidity and to try and "keep money" in the market. Given that belief, the most reasonable and prudent play for me is an October option straddle, with 3 puts to each call, each two strikes "out of the money" Seem reasonable to you folks? :) Thanks again for the great thread, LG! doug