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

To: bobby beara who wrote (5267)	2/2/1999 11:13:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 99985

Bobby B, It appears that others have been reading from the same script<<<<prepare your thermonuclear samarai short>>> Peter Eliades' Stockmarket Cycles update for Tuesday, February 2, 1999. Usually the statistics and opinions that we give you are based on objective facts and figures. The next opinion we are about to give you is subjective. It is not based on a pattern that we can reconstruct for you over the telephone, but it is based on a pattern on one of our hand-drawn charts. All our charts use to be hand drawn but with more and more computer usage, we now do only four or five hand drawn charts a day. One of those charts, a Hurst Half-span Moving Average (Hurst is J. M. Hurst, one of the authors of Cycle Theory, 30-40 years ago and one of the promoters of Cycle Theory, we should say) chart that we have been doing daily for over a quarter century now. It appears to be set-up for a major decline. If you were here in front of us, we could point out the pattern to you, but you are not, and we can't. Sufficeth to say that the chart is setup for a major market decline. Whether it will begin from here or not, remains to be seen. Under this pattern, a very significant decline should begin in earnest between February 3 and February 8 at the latest. We have reviewed the research material of Steve Puetz, many times over the past year or two, especially the research relating to market crashes and lunar and solar eclipses. We remind you of that because we are once again in a time period where a crash becomes possible based on Puetz's conclusion from his research. January 31, just two days ago, was a penumbral lunar eclipse and it occurred within two to three weeks of the annular solar eclipse due to occur on February 16, two weeks from today. Puetz points out that rather than seeing one grand global crash, there appear to have been a series of major financial events running with the 5 ½ month lunar eclipse cycle. Starting on September 16, 1997 when Southeast Asia crashed, then you go forward to March 13, 1998, which was a secondary stock peak in the United States, within a week or two, then you go to September 6, 1998 where we had a Russian and European markets crash, and then you come forward another 5 ½ months taking you to January 31, 1999, which, of course, was the lunar eclipse. He believes there is a possibility that the United States crash could start from here. Certainly something that will be interesting to watch. It fascinates us, that this is scheduled right at a time with the pattern that we spoke of at the outset of the update makes the market appear very vulnerable here. Mutual fund switchers, Rydex switchers are in Ursa. Fidelity Select switchers are in cash. Stock Index futures traders, for now keep your stops at the entry level of 1287.50. We have a big profit here, but we do not want to lose this short position. We believe it could work out to be a position trade. If you are stopped out at 1287.50, you may reshort on a move below 1250.00 with a stop at 1259.40. The XAU gave and met nominal 10 day upside projections today and is one more good up day away from giving potentially higher projections. The fact that they were not give today, however, makes the XAU vulnerable to a further decline here. March bonds have invalidated all upside projections and are close to giving significantly lower downside projections, but that has not occurred as yet. Have a great day. We'll talk to you tomorrow. John