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The best market timing for Silver

MMA COMMENTS FOR THE WEEK BEGINNING
January 7 - 2019
Raymond A. Merriman©

Financial Market Analyst & Market Timer.

This year's printed version of Forecast 2019 will also be available in these other languages, as follows :

        Dutch        Deutsch         Japanese      

Go to the sheet for Downloading the video for the Ultimate book on stock market timing.

Note : The purpose of this column is to provide educational insights into the tenets of geocosmic studies as they correspond to economic, political, and socio-psychological matters, as one of several tools that in turn may assist in the practice of financial market timing. This column is not intended, nor should it be used, as an advisory service for trading financial markets, without use of other financial market analysis tools. MMA subscription reports provide that type of advisory service, with specific recommendations for trading.

Review and Preview :

The Labor Department said the U.S. economy added 312,000 positions in December and the unemployment rate rose to 3.9 percent. The jobless rate rose as 419,000 new workers entered the workforce and the labor force participation rate increase to 63.1 percent. Wages jumped 3.2 percent from a year ago, gaining 11 cents between November and December, an increase of 0.4 percent. That gain was larger than the 0.3 percent increase Wall Street economists expected.

The end of 2018 was a very eventful holiday period. On Christmas Eve, December 24, the Dow Jones Industrial Average suffered its greatest decline ever for that day, losing 653 points. The next trading day, December 26, the DJIA dropped even further, but then reversed and closed up 1086 points, its greatest one-day gain ever. We are seeing a similar pattern unfold in the first three trading days of the new year.

But let's review the end of last year first, because some things happened then that may be very important now.

To experience such a wild ride on the days before and after Christmas was nearly unthinkable before, because these are times in which markets are almost always quiet. But not in 2018. Not with Uranus in late Aries, near a conjunction to Saturn in the founding chart of the New York Stock Exchange (May 17, 1792), and in opposition to the NYSE Jupiter/Neptune conjunction in Libra. Uranus was also in late Aries in February-April 2018 when the DJIA had its two record-breaking 1000+ down days and eventually made its bottom on April 2. When no other major aspects in the heavens are present, we look to transiting aspects to the NYSE chart, and that revealed the correspondence that we associate with moves like this.

Uranus ingressed into Taurus May 15, 2018, which corresponded to a more orderly market. Then, after it turned retrograde on November 6, 2018 and moved back into late Aries, the selling thrust returned. It became relentless after Venus made its third and final opposition to Uranus on November 30. The last rally attempt ended the next trading day, December 3, with the DJIA making a secondary top at 25,980. From there, it was a waterfall down to the low of 21,712 on the morning of December 26, a loss of 19.43% from its all-time high of October 3, an exact MMA three-star critical reversal date (CRD), just two trading days before Venus turned retrograde. In the next two trading days following Christmas Eve, the DJIA rallied 1669 points to a high of 23,381 on Friday, December 28.

For the month of December, the DJIA was down 2,211 points, it's worst December performance since 1931 and worst year since the Great Recession a decade ago. In fact, the 19.43% decline since October 3, puts the DJIA into both the time and price target range for the 4-year cycle trough.

According to our studies published in the revised edition of The Ultimate Book on Stock Market Timing, Volume 1 : Cycles and Patterns in the Indexes , "The price decline from crest to trough in the 4-year cycle has a normal range of 16.2-57.1% (about 90% frequency). The decline is usually at least 19.2% (81.25% rate of frequency)". It is also interesting to note that 4-year cycles usually last 36-56 months, and in 25% of historical cases, the decline from crest to trough lasted only 1-3 months. The low of December 26 was in the 40 th month since the last 4-year cycle started in August 2015, and the declines from the high of October 3, 2018 was in the second month afterwards. In other words, our criteria for a 4-year cycle low via time and price targets are being met. Of course, there is still time and room for prices to fall lower, and Uranus will not leave Aries until March 6. But with Jupiter also now in Sagittarius, investors who recognize the value of MMA research-based market timing studies are encouraged to be very vigilant now for the possible start of a new bull market.

As we started the New Year last week, world stock markets embarked upon another wild ride. The DJIA, for instance, was down 660 points on Thursday, January 3, on negative news of Apple's future revenue warnings. But, all those losses in the DJIA were regained on Friday as the DJIA gained 746 points following the release of the monster employment report numbers, along with news of talks resuming regarding trade matters between China and the USA. That resolution is going to be the game-changer that puts the bullish thrust of Jupiter-in-Sagittarius into motion. Jupiter and Sagittarius both rule world trade.

Short-Term Geocosmics :

The disturbing news of Apple's revenue projection that sent the stock market into a tailspin on Thursday corresponds to the planet Uranus. The planet of chaos, volatility, and excitement also rules technology, and turns direct in motion (ends its retrograde motion) this weekend, on January 6, one day after a solar eclipse conjunct Saturn (stressful news for technology companies). But it doesn't end there. Jupiter will form a 135° sesquiquadrate to Uranus on January 9, an aspect appropriately described by the late German Astrologer Thomas Ring as the equivalent of a "rip" in current matters. It feels like a "rip" is occurring.

All of this precedes the first of three passages of the Jupiter/Neptune square on January 13, the dominant major aspect involving the outer planets in force in 2019. As described in greater detail in the Forecast 2019 Book, this aspect is the "setup" for the powerful "Capricorn Stellium" that will unfold December 2019 through December 2020. It pertains to irrational exuberance, complacency, and/or hysteria and panic. I would say we are collectively experiencing a combination back and forth between complacency and hysteria right now as we head into the first encounter, and the markets are reflecting this.

Longer-Term thoughts and Geocosmics :

Trump celebrated a consistent rise for stocks during his first year in office. But markets have faltered this year amid a trade war with China, concerns about the Fed's four interest rate hikes and fears about slowing global growth. Trump has tried to blame market carnage on the Fed. Before the plunge Monday (December 24), the president tweeted that "the only problem our economy has is the Fed". The sources said the investor advised the official to tell the president to end his criticism of (Fed chair Jerome) Powell on Twitter, stop administration turnover and reach a trade deal with China in order to help markets. - Scott Wapner, "Trump Administration Asks Top Investor for Advice on Markets Amid Wild Ride", December 28, 2018, https://www.cnbc.com.

I would say that advisor nailed it in the quote above. The only problem our economy has is not the Fed. The Fed had telegraphed its intent to raise rates well in advance, and even with the rate hike of September 2018, the market continued to rally to new all-time highs afterwards - until the president started publicly criticizing the Fed's plan, and then failed to make any progress on the trade dispute with China. To be to the point, the stock market's performance has been and continues to be the ownership of President Trump, like it or not. And he clearly doesn't like it when it falls so hard so often lately because of his actions and tweets. Neither does the rest of the world. But perhaps he will take that advice to heart (or not) and normalcy will return.

My understanding of geocosmic correlations to current and future activities in the world suggest this current climate of uncertainty and market instability is not going to suddenly change this month. Now, you must understand that I could be wrong. It's happened before. After all, astrology is never wrong, but the astrologer often is in his/her interpretation of what might happen, related to what is happening in the cosmos. We can always see the correlation in retrospect. It's always there. It's the same thing with any type of market analysis or market timing method of analysis, whether fundamental analysis (historians can always see the causes after the event, but seldom before), technical analysis, or chart pattern analysis. The correlations are always very evident after the fact. But we work with future probabilities based on historical rates of frequency of 80% or more in our studies. Unfortunately, there are not many instances of 100%. And when there are, it inevitably fails to perform the same as before the next time those same sets of factors come around, as most correspondences of use end up settling around the 80% mark.

Which brings us to the geocosmic factors in play this month, January 2019. Between January 2 and January 25, there are an abundance of geocosmic signature unfolding (at least ten) that have a tradeable correlation to short-term cycle highs and lows in stock indices, and probably other financial markets as well. At last 4 of these have a very high correlation to sharp price swings. It's likely to be roller coaster ride for traders, and if the recent months are any indications, a roller coaster ride for President Trump as well. Fasten your seat belts. The ride is not over yet. Watch the week of January 21-25 especially.

To be continued (next week).

Announcements :

             Note 1 : February 9, 2019 : MMA'S FORECAST 2020 LIVE WEBINAR, will take place on Saturday, February 9, 2019 at 11:00 AM (MST). This is 1:00 PM EST, 6:00 PM GMT. In the comfort of your own home or office, you can tune into Raymond Merriman's annual worldwide webinar on Forecast 2019. This broadcast will address subjects from this year's Forecast 2019 Book, with updates on financial markets since the book was written in November 2018. Outlooks for the U.S. stock market, Gold and Silver, crude oil, and currencies (including Bitcoin) will be discussed. Cost is $45.00, and includes the slides of the presentation, plus a downloadable MP4 recording of the event. To reserve your spot in this live webinar broadcast, email us at customerservice@mmacycles.com, or call 1-248-626-3034, 1-800-662-3349.

             Note 2 : Last week I gave a 3+ hour workshop on Forecast for 2019 to our Chinese students that went very well. The focus was on understanding the psychology of the Jupiter/Neptune square in 2019, Uranus in Taurus, and how they correspond to financial markets and global political conditions, leading into the "Capricorn Stellium" (the "Edge of the Cliff") in 2020. These themes were also applied to the current economic conditions in China. Much attention was given to the cycles presently coming due in China's stock market (the Shanghai Stock Composite Index), as well as an outlook for Gold, Silver, and Bitcoin. An MP4 recording of that webinar is now available for $127, and includes 100+ power point slides. The event is given in English, with Chinese translation, but easy to understand. For information on purchasing this MMA recording, contact MMA at customerservice@mmacycles.com, or call us at 1-800-662-3349 or 1-248-626-3034.

             Note 3 : The best way to start your learning of cycles and geocosmic correlations to market cycles is with the MP4 recording on "Cosmic Cycles Are Forever". This workshop by Raymond Merriman features valuable tools for understanding market cycles, identifying trends, and timing changes of trends in financial markets using cycle studies and geocosmic studies along with technical tools and charting analysis. In this masterclass, the historical correlation of stock markets, currencies, precious metals and bitcoin to certain planetary and solar/lunar cycles present in today's cosmos are examined, with an eye on what to anticipate between 2018 and 2020, both in terms of world politics and financial markets, as well as shorter-term forecasting projections. The cost of the recording of this MP4 recording is $125. To order, please visit www.mmacycles.com and click the banner on the opening page. Or, you may email customerservice@mmacycles.com, or call 1-248-626-3034. .

             Our monthly MMA Cycles : The monthly edition of the MMA Cycles Report (ICR) and its companion MMA Japanese Cycles and MMA European Cycles reports went out last week. If you are subscriber to any these monthly reports and did not receive it, let us know at once via our email.

- This report covers our long term analysis of the stock market (DJIA and S&P futures), Gold, Silver, T-Notes, Euro and Swiss Franc currencies, grains and crude oil. It also provides the list of geocosmic and solar-lunar reversal zones for the 1-2 months. This report comes out Monday night to subscribers.
- The MMA Japanese Markets Cycles report covers the Nikkei, JGB Bonds, and the Dollar-Yen.
- The new MMA Europe Cycles report covers the German DAX, Swiss SMI, and Netherlands AEX stock indices, each in english only and will be available on Wednesday.
Two-issue trial subscriptions are available for this service for $55.00, which includes the current issue and the next month's as well.
For subscription information, please go to our web site, or call us at 1-248-626-3034. If you are not a subscriber, you can check this service out on a 2-month trial basis for only $55.00.

             MMA's annual Forecast Book : The Forecast 2019 Book is done and nearly sold out. The orders received as of January 4 have been shipped out. As of the close of business that day, less than 25 books remain. When those remaining copies are sold out, they are gone. There will be no second printing. At that point, the only way to read Forecast 2019 will be through the eBook, which is available now for delivery to your inbox! ORDER NOW, if you have not done so already, and make sure you receive your copy of Forecast 2019 before they sell out. For more information on this annual best seller, go to https://mmacycles.com => Products => Forecast 2019.You may also email MMA at customerservice@mmacycles.com, or call 1-248-626-3034, 1-800-662-3349.

MMA's annual Forecasts Book , written by Raymond A. Merriman since 1976, is one of the most unique, affordable, and accurate glimpses into the coming year. Utilizing the study of cycles and geocosmic factors, this annual Forecast book outlines forthcoming trends pertaining to political, economic, and financial markets throughout the world. Specific markets analyzed for the next year(s) include: T-Notes and interest rates, the Dow Jones Industrial Average, Gold, Silver, Currencies (U.S. Dollar, Euro, Yen, Swiss Franc, and British Pound), Crude Oil, Grains and Weather. Each market contains the important geocosmic three-star critical reversal dates for 2018. Special sections also include the USA and world economy, the USA and world politics, the USA and its President. A 2019 ephemeris and calendar (one month per page) with geocosmic signatures is included, as well as descriptions of the Mercury retrograde periods for 2019. This is a book with an impressive background for insightful accuracy into world economic and financial market conditions that you will not want to miss! For further information, go to https://www.mmacycles.com and click the banner.

For more information, visit www.mmacycles.com or call 1-800-662-3349 or 1-248-626-3034.

This year's printed version of Forecast 2019 will also available in these languages :
Dutch : at www.markettiming.nl
German : at http://www.mma-europe.ch
Japanese : at http://merriman.jp
Chinese : www.nodoor.com

             MMA's weekly and daily subscription reports have been extremely accurate and profitable lately, catching the lows in metals, stocks, crude oil, soybeans, and currencies. If you are an active short-term trader, or even if you are an investor who likes to keep up with our current thoughts on financial markets, you may be interested in our Weekly or Daily Market reports. It is the only way I keep in touch with traders on a daily or weekly basis. These weekly reports give in-depth analysis of the DJIA, S&P and NASDAQ futures, Euro currency (cash and futures), Dollar/Yen cash and Yen futures, Euro-Yen cash, T-Notes, Crude Oil, Soybeans, Gold and Silver. The daily reports cover all stock indices listed above, as well as futures in Euro, T-Notes, Gold and Silver, plus GLD and SLV (the Gold and Silver ETF's). Both reports provide trading strategies and recommendations for position traders as well as for shorter-term aggressive traders. Subscription to the daily report also includes the weekly report. For more information, or call our offices at 1-248-626-3034. These reports are extremely valuable to those who trade ETF's (Exchange Traded Funds). And since early December, these reports have been extremely profitable. As subscriber and trader R.B. of Albuquerque, NM writes",You have been on an incredible run for a while ; I have never seen anything like it". Well, when everything lines up just right...

             If you are an active short-term trader, or even if you are an investor who likes to keep up with our current thoughts on financial markets, you may be interested in our Weekly or even Daily Market reports with short-term trading recommendations, (see a sample there, of the weekly). It is the only way I keep in touch with traders on a daily or even weekly basis, as I no longer offer personal consultations. These reports give in-depth analysis of the DJIA, S&P and NASDAQ futures, Euro currency (cash and futures), Swiss Franc, Dollar/Yen cash and Yen futures, Euro-Yen cash, T-Notes, Soybeans, Crude Oil, Gold and Silver. The daily reports cover all stock indices listed above, as well as futures in Euro, T-Notes, Soybeans, Gold and Silver. Both reports provide trading strategies and recommendations for position traders as well as for shorter-term aggressive traders. Subscription to the daily report also includes the weekly report.
If you want more information call our offices at 1-248-626-3034.
These reports are extremely valuable to those who trade ETF's (Exchange Traded Funds). In the words of one of our subscribers : I am really pleased with your recommendations through the Daily and Weekly Trade Recommendations.  I have used them to trade gold and silver stocks in my IRA.  In the last eight years I increased my account from $60,000 to $712,000. Thanks for your excellent publications. - Bryden C., Small Business Owner, Illinois.  

Upcoming Events :

             January 11-12, 2019 : "Trends for 2019", sponsored by Astrodata, Zurich, Switzerland. There will also be a workshop taught by Raymond Merriman on "Forecast 2019" the following day, January 12, with an outlook on several financial markets. For further information, contact info@astrodata.com and ask about pricing and location.
Saturday workshop in Zurich : "Forecasts for Financial Markets in 2019".Based on the Forecast 2019 Book , Ray will present his outlook for the world geopolitical and financial landscape in 2019. He will discuss various cycles - both rhythmic and geocosmic - to support his outlook. In this workshop, he will also share his forecast for several financial markets, including Gold, the USA and German/Swiss stock markets, crude oil, and the Euro/U.S. Dollar. If you are an investor or trader, or just interested in the correlation between cycles in human activity and the cosmos, this is a workshop you will not want to miss !.

             January 19, 2019, Amsterdam, Netherlands, "Forecasts 2019", sponsored by Schogt Market Timing. This Congress will take place at the Hotel Breukelen outside of Amsterdam, and feature Karen Hammaker-Zondag. Antonia Langsdorf, Irma Schogt, and Raymond Merriman. For more information, please visit www.markettiming.nl or take the direct link https://goo.gl/VPxGSe for congress details.

             February 9, 2019 : MMA'S 2019 WORLDWIDE "FORECAST 2019" LIVE WEBINAR, will take place on Saturday, February 9, 2019, 11:00 AM (MST). This is 1:00 PM EST, 6:00 PM GMT. In the comfort of your own home or office, you can tune into Raymond Merriman's annual worldwide webinar on "Forecast 2018". This broadcast will address subjects from this year's Forecast 2019 Book, with updates on financial markets since the book was written in November 2018. Outlooks for the U.S. stock market, Gold and Silver, crude oil, and currencies will be discussed. Cost is $45.00, and includes the slides of the presentation, plus a downloadable MP4 recording of the event, within 72 hours afterwards. To reserve your spot in this live webinar broadcast, contact us directly at 1-248-626-3034, 800-MMA-3349, or email us at customerservice@mmacycles.com , or register via our website at https:// mmacycles.com > Products > Webinars. If unable to attend, you can pre-order MP4 recordings, which will be delivered as soon as they are available - within 72 hours after the live webinar.

             March 9, 2019 : 10:30 AM - 4 PM. Nova Southwestern University, 3301 College Ave, Carl DeSantis Bldg, Ft. Lauderdale, FL. An all-day workshop on "Forecast 2019", by Raymond Merriman. Contact 954-296-1211. $50.

             April 26, 2019 7 P.M. : Boulder, Colorado. "Forecasts for Financial Markets and USA Economy and Political climate : an evening with Ray Merriman. The location of this talk will be Room 9235 at the Naropa Nalanda Campus in Boulder, Colorado, 6287 Arapahoe Road, at the intersection of 63 rd and Arapahoe. The cost is $45 if registered before April 1, and $55 afterwards. Sponsored by ROMA, the Rocky Mountain Astrological Association. For registration, contact Patti Simmers at 720-989-8822, or via email at patti.simmers@comcast.net. Attendance will be limited to 80 persons. Sign up early.

             June 8-16, 2019 : "Geocosmic Correlations to Trading Cycles", Beijing, China. A two-weekend intensive Market Trading workshop/retreat with Raymond Merriman. This 32-hour class intensive workshop will focus on the primary cycle and its phases - the half-primary, major, and trading cycles - and how to determine when they are due. Then, we will identify geocosmic signatures - Levels 1, 2, and 3 - as the basis for calculating CRDs (Critical Reversal Dates), to narrow the time band down for an important cycle reversal. Within that time, we will identify and discuss specific technical and charting tools that will further enhance the timing of a major market reversal, and the price target range to look for. In this analysis, we will also explore the use of 60- 30-, and 5-minutes charts for even more accurate entry and exit points. With these tools, we will then construct a daily and/or weekly trading plan, as used in MMA Daily and Weekly Reports, using current market situations. The workshop will take place on the weekends of June 8-9 and June 15-16. During the week, participants will have the option of taking tours with other MMA students to exciting areas of China. The cost for this unique and valuable trading retreat is $4000 (discounts will be available to subscribers of MMA Reports). For further information, please contact MMA at customerservice@mmacycles.com or call 1-248-626-3034 or 1-800-MMA-3349.

             I am oftentimes asked for recommendations of a money manager who uses my methods, since I won't manage other people's money. The thing is, almost all money managers I know use their own systems. But many subscribe to my services and share my thoughts about the future of the economy, various financial markets, and how to position one's portfolio along these lines. One money manager who subscribes to our services that I would suggest for those looking to structure a longer-term portfolio, such as a retirement account, is Duke O'Neill of Boulder, Colorado. He can be reached at dukeoneil1@gmail.com, or 1-(303) 545-5837. For those looking for a professional trader of commodity and futures contract might consider Ted Lee Fisher at ted.fisher@comcast.net. Ted is a legend in financial futures and has a seat on the CME. Both are very knowledgeable of the tools I use, of the way I am looking at markets, and yet each makes their own decisions as to exactly when to enter and exit any market. They will be more than happy to assist you.

             To the above list, I would also like to recommend long-term MMA subscriber Erwin Brunner of Zurich, Switzerland. Mr. Brunner is the founder of BrunnerInvest AG. One of his five funds was awarded theBest in-house fund of funds in the world recently. Mr. Brunner is a former director of the Swiss Banking Corporation (today it is known as UBS), and a general director of Rothschild Bank in Zurich. As an independent wealth manager for high net worth individuals and institutional clients only, he places his clients into the funds of the best performing fund managers in the world, via his own research and experience. For high net worth readers interested in Mr. Brunner's funds, please contact him through www.brunnerinvest.ch.

             It is with great pleasure that I announce the addition of Egon von Greyerz to MMA Investment Retreat faculty of presenters. I met Egon last week in Girona, Spain, at a special gathering attended by MMTA Graduates Nitin Bhandari (India), Philipp Beyer (Germany), Henry Canciglia (USA) and myself. Egon is an expert on Gold. He owns Matterhorn Asset Management, a Swiss Asset Management company specializing in wealth preservation, located in Zurich ( www.goldswitzerland.com). He was also the person who initiated the "Save Our Swiss Gold" Act in Switzerland late last year, which would have required the Swiss National Bank to back up their assets with 20% Gold holdings. The initiative failed, but his reasons for initiating this effort are still valid. Egon is very interested in MMA cycles' work, and will share his outlook on Gold and the world debt. This is a real treat!

             The newly revised The Sun, The Moon, and Silver Book :Secrets of a Silver Trader, is now out. This is a book that you will use as a reference guide for...many, many years. It identifies all the key Sun-Moon combinations that have a higher (and lower) than expected probability of correlating with 4% or greater reversals in COMEX Silver. It also identifiesBig Range Days - those days in which the range of Silver is most likely to be 3.5% or more of the price of Silver, which is a great tool for day traders. This book fulfills the dream of all traders : high probability winning trade possibilities, with minimal market exposure. It is thatextra edge. And Silver is a great market to trade now. The cost is $125.00. For ordering on line.

             The new book titled Solar-Lunar Keys to Gold Prices : Secrets of a Gold Trader , is now out. The long awaited sequel to the Secrets of a Silver Trader is due out in late October (maybe before)!!!
Now, GOLD as you have never seen it by night or day. The studies for the soon-to-be-released book are now completed and the results are now being used in the weekly and daily MMA subscription reports for short-term trading strategies in Gold. That's right... historically tested Solar-Lunar Correlations to trading reversals in the Gold Market - as only available from Raymond Merriman. The studies cover over 40 years of daily Gold, starting from December 31, 1974 through April 2015. The book will change how you approach trading Gold using these leading solar-lunar indicators, with very clear instructions as to "when" to expect 3%, 4%, or greater reversals in Gold prices and how to trade them. It will be a valuable guide for short-term traders of Gold, GLD, and other ETF's involving Gold prices. You may call 1-248-626-3034 or email ordersmma@gmail.com and place your pre-order now. It is also now available for purchase on the MMA web site at www.mmacycles.com. Order now and get the first printing of this new book on trading Gold!

Disclaimer and statement of purpose : The purpose of this column is not to predict the future movement of various financial markets. However, that is the purpose of the MMA (Merriman Market Analyst) subscription services. This column is not a subscription service. It is a free service, except in those cases where a fee may be assessed to cover the cost of translating this column from English into a non-English language. This weekly report is written with the intent to educate the reader on the relationship between astrological factors and collective human activities as they are happening. In this regard, this report will oftentimes report what happened in various stock and financial markets throughout the world in the past week, and discuss that movement in light of the geocosmic signatures that were in effect. It will then identify the geocosmic factors that will be in effect in the next week, or even month, or even years, and the author’s understanding of how these signatures will likely affect human activity in the times to come. The author (Merriman) will do this from a perspective of a cycle’s analyst looking at the military, political, economic, and even financial markets of the world. It is possible that some forecasts will be made based on these factors. However, the primary goal is to both educate and alert the reader as to the psychological climate we are in, from an astrological perspective. The hope is that it will help the reader understand these psychological dynamics that underlie (or coincide with) the news events and hence financial markets of the day.

No guarantee as to the accuracy of this report is being made here. Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume any responsibility at all for those individual decisions. Reader should understand that futures and options trading are considered high risk.


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