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April 29, 2001
With strong GDP numbers showing that the U.S. is not in a recession after all and with the Fed's continuing willingness to ease interest rates, a fresh enthusiasm is beginning to appear on Wall Street. In our book, this is a clear signal that we should be cautious in trading-- being clear about entry points, using tight stops, and being willing to take profits when we can get them. Heliocentric dynamics dominate the astrological picture for the markets this week. Heliocentric Mercury lights up the Jupiter/Pluto opposition early in the week to add to trading volume, and a heliocentric Venus/Saturn opposition may pull the markets down sharply near the close of trading on Wednesday, May 2. . . . (to read the remainder of this article, please log in below.)
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