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WHAT THE HEAVENS SAY: SELL BY MID-JULY WHEN JUPITER EXITS TAURUS
(MONEY Magazine) – Fed up with economists' fickle forecasts and their high-strung reactions to the latest economic statistics? Should you cast your gaze skyward instead and look for investment guidance from more permanent heavenly patterns? Revelations about astrology's role in Ronald and Nancy Reagan's decision- making have focused new attention on forecasters such as 47-year-old Arch Crawford (Aries, moon in Capricorn), one of many stock soothsayers who consult star charts as well as conventional technical indicators to call major market turns. Eleven years ago Crawford, a protege of prominent Merrill Lynch technician Robert Farrell, launched his Crawford Perspectives (205 E. 78th St., New York, N.Y. 10021; 10 times a year, $250) after noting what he contends is an uncanny correlation since 1897 of certain planetary movements and those of the Dow Jones industrials. But Crawford's proprietary market-timing system gained little credence until the past year, when he correctly called the bull market's August apogee and issued a timely post-crash buy signal in late November. Crawford's current outlook for stocks is anything but heavenly. In late April he forecast that the Dow would drop 130 points to about 1920 by the first week of June and then stage a 300-point rally peaking in mid-July. ''That month marks the critical juncture in two important planetary cycles, Mars-Jupiter and Mars-Uranus,'' he notes, ''just as Jupiter exits Taurus.'' After that, Crawford sees stocks resuming a slide that eventually will end -- with the Dow somewhere south of 800 -- on another Black Monday, Nov. 13, 1989, when Saturn is in conjunction with Neptune and both are opposed by Jupiter. Says he: ''This configuration is so rare -- and so negative -- that stocks can only go up from there.'' |
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