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To: steve susko who wrote (46692)6/23/1998 3:24:00 PM
From: SE  Respond to of 58727
 
Personally, I think that would be smart. But beware, I am biased right now to the short side....




To: steve susko who wrote (46692)6/23/1998 4:10:00 PM
From: SE  Respond to of 58727
 
Steve,

I printed this out earlier from a reference post here on TSO, I think, but just read it. But it describes perfectly the reasons to be short....

"FREE COMMENTS FOR THE WEEK OF JUNE 21

The continuing crash pattern was reset again by last Wednesday's spike up and the lackluster finish for the week. The main astrological reason I still see a danger of
a serious breakdown (or crash) is that the astro aspect at the top, a Venus / Jupiter conjunction on April 22nd that was virtually eclipsed when the Moon passed in
front of it, still stands out as the high in price (on the S&P) and more importantly in the mood. This is exactly that kind of rare once a century aspect you would
expect to see at an important historical juncture. All attempts to move the market above that 4/22 high have only served to bring the technical indications into more
negative territory. The astro after that exuberant event included a Pluto square to the lunar nodes which was exact when the Japanese bubble burst in 1990. The
major square aspect this week from Saturn to Neptune is probably going to be the straw that broke the camels back. The argument that crashes can only occur in
the fall proved to be only a recent phenomena after examining the South Seas Bubble and the Tulip Mania which both collapsed in late May / early June.

The coming week will have 2 aspects from the heavy planets that allow for a huge move. The most powerful is a square from Saturn in the money sign of Taurus to
Neptune in the independent sign of Aquarius. This is obviously the root cause of the currency crisis Japan is having and is exposing the underlying weakness of the
entire world financial structure. This aspect will be exact on the 25th but will be very close to exact on the 23rd when a New Moon will lock this energy into place
for 28 days. Also exact on the 6/23 new moon is a Jupiter Uranus minor hard aspect called a semi square which is a 45 degree separation. Jupiter - Uranus hard
aspects are notorious for being near tops before large breaks to the downside and in spite of this aspect being "minor" it should not be ignored. In fact there was
minor Jupiter Uranus energy last August when a New moon on August 3rd opposed the Jupiter Uranus midpoint. This speculative aspect being exact on a New
Moon is supportive of a great deal of trouble for bulls over the next 28 days as well. "

-Scott