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MMA Weekly Comments and Recommendations on Financial Markets,
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MMA COMMENTS FOR THE WEEK BEGINNING
May 8- 2023
Raymond A. Merriman©
Financial Market Analyst & Market Timer.
This year's printed version of Forecast 2024 will also be available in these other languages, as follows :
Chinese
Dutch
Deutsch
Japanese
Go to the sheet for Downloading the video for the Ultimate book on stock market timing.
Note 1 : 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.
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Nonfarm payrolls increased 253,000 for the month, beating Wall Street estimates for growth of 180,000, according to the Bureau of Labor Statistics. The unemployment rate was 3.4% against an estimate for 3.6% and tied for the lowest level since 1969. Average hourly earnings, a key inflation barometer, rose 0.5% for the month, more than the 0.3% estimate and the biggest monthly gain in a year. - Jeff Cox, "Job Growth Totals 253,000 in April, Beating Expectations", www.cnbc.com, May 5, 2023.
Last year's techwide reckoning continues. In 2023, layoffs have yet again cost tens of thousands of tech workers their jobs ; this time, the workforce reductions have been driven by the biggest names in tech like Google, Amazon, Microsoft, Yahoo and Zoom. The running total of layoffs for 2023 based on full months to date is 168,243, according to Layoffs.fyi. - Natasha Mascarenhas and Alyssa Stringer, "A Comprehensive List of 2023 Tech Layoffs", https://techcrunch.com, May 5, 2023.
It was the week of the Mercury retrograde midpoint (May 2-3 +/- 1 day), otherwise known as the "Inferior Conjunction of the Sun and Mercury", "Mercury Cazimi", or for market timing purposes, the "Full Stride Period of the Trickster". And what a wild week it was in many financial markets !.
The middle of the week (mid-Mercury retrograde) witnessed another rate hike by the Federal Reserve, accompanied with a hint that it may be the last increase for a while. The week ended with conflicting economic reports, as noted by the above quotes. Several companies have announced they will be (or already are) initiating large layoffs, yet the employment reports keep showing more people entering the workforce. Perhaps as people are being laid off, they are also starting two or three part-time jobs to make up for the loss of income. With Mercury retrograde, we may not have the full story. These reports are lagging indicators. Things can quickly change, as the markets themselves illustrated last week.
As an example, the DJIA rallied to a new primary cycle high on Monday, May 1, at 34,257. Just three days earlier, it was making a major cycle low at 33,235. The next three days, the DJIA fell 367, 270, and 286 points, respectively, bottoming at 32,937 on Thursday, May 4, lower than the major cycle low of the prior week. The next day, Friday, it was up over 500 points. As noted before, under Mercury retrograde, price swings every 1-4 days are common. As we approach the Sun/Uranus conjunction, the swings get larger and larger.
Commodity markets also exhibited sharp but brief price swings last week. Gold soared to 2085.40 on Thursday, May 4, still within the one-day orb of the Mercury retrograde midpoint and just less than $4.00 off its all-time high of 2089.20 recorded on August 7, 2020. One day later, it was down nearly $80 from that high. Crude Oil fell to 63.64 on Thursday, May 4, slightly below its earlier cycle low of 64.35 on March 20. The next day, Friday, May 5, it was testing 72.00, making Thursday's new yearly low look like a classic Mercury retrograde fake-out.
Short-Term Geocosmics and longer term thoughts :
However, the most important geocosmic development centers around Mars making a T-square with the Jupiter/Pluto square, as Jupiter enters Taurus ( May 16 ). This can be problematic in a variety of ways, especially May 9-23. Because Pluto is involved, it may relate to finances again, and the possibility of raising taxes and an escalating world debt situation. Pluto can also pertain to crop damage or threats to human lives caused by either nature or human activity that tries to coerce others to its will. Furthermore, with Jupiter square Pluto, there may be a high-profile bankruptcy or surprisingly large loss of funds reported. Where did they go ? How could one entity lose so much and thus threaten the financial fabric of that nation or even the world ? Financially this can be a dangerous time for financial matters, and financial markets may be subject to large losses either into or following this period. Forecast 2024 Book Chapter on "Spring 2023", written in October 2022 (www.mmacycles.com).
Pertaining to the above quote, the banking and financial issues suddenly erupted just as spring was about to begin (mid-March). And now, as we approach the fixed T-square of Mars, Jupiter, and Pluto, another financial threat is immediately ahead : the U.S. risks running out of funds to cover its debts (debt ceiling limit crisis). As stated in last week's column and before, " Jupiter square Pluto does have a history of correlating with financial panics (maybe 50% of the time within a 4-month orb). Along the way, the Sun will conjoin Uranus (disruption) on May 9, in Taurus, the sign of money. I think we will see very huge movements in financial markets around that time, lasting through May 23 and maybe beyond".
Thus, there is an abundance of geocosmic factors to weigh this week. For instance, the Sun will conjoin Uranus on Tuesday, May 9. This is a big reversal signature with an 83% correlation to primary cycles in stock indices within 14 trading days, per studies reported in The Ultimate Book on Stock Market Timing Volume 3: Geocosmic Correlation to Trading Cycles. But we also know that this aspect can coincide with breakouts and breakdowns if prices are near yearly highs or lows.
At the same time, Mercury is retrograde, which we also know has a reputation for breaking out of support or resistance zones only to quickly retreat again in a "fake out". So what will it be this time ? A breakout, fake out, reversal, or all three ? I think all three, in that order. We already see the setup in the Japanese Nikkei Index, where a new yearly high has just formed. But it is already in the 18 th week of a 12-20-week primary cycle in the Nikkei. It's late, and that is when false signals are most apt to appear - even if they have broken out to new yearly highs.
With Jupiter involved in the forthcoming T-square of Mars-Jupiter-Pluto, we must also be alert to a major reversal in Crude Oil. It may have just formed, but there could be a 4-9 day secondary bottom (known as the "Lendahl Wiggle") in the May 16 +/- 1 week three-star geocosmic critical reversal time band. The geocosmic climate is wild, and implies huge profit opportunities may be underway. But that also means the risks of losses are greater than usual.
The next two weeks may be a short-term traders' dream with such potential for large price swings. However, it could also be a nightmare to innocent people who only wish for peace and an opportunity to live their life freely without the threat of coercion from madmen who are responsible for the deaths of thousands of people but claim someone is trying to assassinate them. Under Jupiter with Pluto (and Mars), such claims can be exaggerated. However, the dangers posed by these individuals are not likely exaggerated. This is a time to be very wary of exaggerated claims or promises by those with an underlying agenda that involves coverups and danger to others.
Longer-Term thoughts :
On my recent one-month visit to Europe, I had the honor of meeting with one of Europe's (if not the world's) leading mundane astrologers, Dr. Christoph Niederwieser (https://business-astrology.com). Christoph is also a scholar of astrological history. At our meeting, he shared the importance of my role in a time-honored tradition in astrology - my annual Forecast Book, which has been written every year since 1976. In his words :
Yes, you are definitely in an honourable tradition with the yearly almanacs. I did quite some research on this subject in 2018-2020, when I was invited as a visiting fellow at the University of Erlangen, to write two of my Prognostication books. They had a wealth of scientific literature regarding the history of astrology : Follow this link.
Among my findings: - The peak of almanac popularity was 1580 - 1610. Afterwards, a slow decline set in SOURCE :
Barnes, Robin B. (2016) Astrology and Reformation, New York: Oxford University, pages 172f. The most popular almanacs reached up to 50.000 printed copies : Follow this link.
The final fall of astrology was mainly because of all the incorrect forecasts astrologers had made over the decades in order to raise sales with spectacular headlines of catastrophes. This had been overexcited especially during the Thirty Years War 1618 - 1648. SOURCE : Campion, Nicholas (2017) The Revival of Astrology, Interview with Chris Brennan in "Astrology Podcast" - http://theastrologypodcast.com/2017/06/29/modern-revivalof- astrology-with-nick-campion.
The major event that made people very skeptical towards astrology was the solar eclipse of August 1654. Astrologers held a public dispute whether this eclipse will be full or partial. Hence people thought : If they cannot tell if it will be total or partial, how can they make predictions on wars, famine, weather etc.? SOURCE: Herbst, Klaus-Dieter (2010) Die Schreibkalender im Kontext der Frühaufklärung, Jena: Verlag HDK.
So there you have it. The annual Forecast Books have revived a tradition in astrology that reached its pinnacle during the latter stages of the great European Renaissance. I am proud to be a modern-day version of this time-honored tradition of almanacs utilizing astrology. It is with pleasurable anticipation that I research and write this almanac every year, and hope to continue for at least 50 years in total, which will culminate in three years. Thank you, Christoph, for giving me a sense of one of my places in the history of astrology. As a double Capricorn (with Uranus and Lunar North Node conjoined near the MC), I value this historical information and my role in this noble study !.
To be continued (next week).
Announcements :
Note 1 : LAST WEEK FOR SPECIAL RATE ! JUNE 1-4 : THE 2023 MMA INVESTMENT RETREAT AND MMTA3 COURSE TWO: "GEOCOSMIC CORRELATIONS TO LONG-TERM INVESTMENT CYCLES". The 4-day investment retreat is taking place at the Michigan State University Management Education Center in Troy, Michigan, and is also offered virtually via Zoom. Instructors and presenters will include Ray Merriman, Gianni Di Poce, Kat Powell, and Rita Perea.
This 4-day intensive will introduce the participant to the role of Outer-Planet Aspects and Ingresses to long-term financial market cycles. With this understanding, one will learn to identify time bands that historically have coincided with the most favorable long-term investment opportunities as well as time bands that have correlated with long-term market peaks or selling opportunities. These studies are based on actual research on the performance of financial markets going back to the 17 th century. Once these studies and methods are disclosed, the instructors will then illustrate how they apply them to current market conditions. Outlooks will be given for long-term cycles in various markets (such as stock indices, Gold, and Bitcoin), with the goal of identifying when the next excellent investment or selling opportunities are most likely to take place. Additionally, MMTA Graduate Rita Perea will give a presentation on "The Role of Psychology in Financial Market Trading: Maximizing the Key Mindset Traits of Successful Traders and Investors".
You do not need to be a student of the two-year MMTA3 program to join! "Geocosmic Correlations to Long-Term Investment Cycles" is a standalone course designed for investors, but there will also be discussions on the near-term climate for traders as well. This event is an excellent opportunity to interact with MMA President Raymond Merriman and MMTA Director Gianni Di Poce, and several other like-minded students of financial market timing methods over an extended 4-day period. There is nothing like the in-person interactions that occur at an MMA Investment Retreat!
The cost is $2750, or $2500 if reserved before May 11 (that is Thursday of this week). Cost includes a 120-page workbook, all class recordings, and slides of the class presentations. Note that this retreat is also in conjunction with Course Two of MMTA3, and non-student participants will get credit for Course Two if they decide to attend MMTA in the future. SIGN UP THIS WEEK AND SAVE BIG BUCKS! For further information on this unique and special event, contact MMA at 1-248-626-3034 or by email at customerservice@mmacycles.com. For more information, click here.
Note 2 : .
Note 3 : Forecast 2024 is completed in both the print and ebook (English) versions. If you live in the U.S. you should have received it by now. If you live overseas, the actual delivery depends on your postal service .
The price for the printed edition of Forecast 2024 is $66 as long as supplies last. We are down to the last 1-1/2 boxes. Last year's book sold out, so order now before they are gone. There will be no additional printings. The price for the eBook edition will remain $55, and will continue to be available even if the printed edition sells out.
For a review of the Forecast 2022 Book so far, please visit our Scorecard. It is impressive!.
Offer to consider : With printers dealing with supply problems in getting paper, we cannot guarantee the printed edition of this year's book will be completed on time for delivery by December 25. The book will be written and turned in on time, as usual, and the eBook will be ready on or around December 15. Purchasers of the printed edition may wish to also order the eBook this year to make sure they at least get the text in time. Therefore, we also offer a "bundle" purchasing plan where those who order the printed edition can also order the eBook for only $20.00. That way, you will be assured of receiving the text for reading over the holidays in case the printed edition of the book is not able for delivery prior to December 15 as planned.
We will again publish an individual book dedicated to the yearly trends for the twelve individual signs. The book, Trends for the Twelve Signs 2023, will be written by Antonia Langsdorf-Merriman and Raymond Merriman. Antonia has written an annual Sun Sign book in German for the past several years, based on interviews conducted with Raymond beforehand.
Click here to order from Amazon.
We will follow a format this year where Langsdorf will cover the health and relationships outlook and Merriman will cover the business, career, and overall psychological outlook of each sign for the year. The cost of this book will be $25, with a further discount if ordered together with the Forecast 2024 Book.
We offer discounts to our Forecast Fan Club Members and our Active Subscriber Club members. Check out our page on Forecast Club Levels to learn more about these discounts.
This year's printed and eBook versions will also be available in these languages:
German: www.mma-europe.ch or email at info@mma-europe.ch
Japanese: https://www.toushinippou.co.jp
Chinese :www.nodoor.com
Note 4 : The monthly MMA ETF Report
was released last week.
Many have asked about a monthly report on Bitcoin, and the Monthly ETF Report does this via BITO, the ETF on Bitcoin. Written by MMA market analyst Gianni Di Poce, the ETF is a monthly newsletter that everyone trading ETFs is encouraged to read, especially those that seek less risky trading venues than futures. This report covers 8 ETFs on a monthly basis for readers. The ETFs include: SPY (S&P 500), GDX (gold miners), BITO (Bitcoin), TLT (+20-year Treasuries), USO (Crude Oil), XLV (healthcare), XLK (technology), and XHB (homebuilders). This is a report that was requested by popular demand and Gianni's insights and strategies are excellent. For further information, click here.
Note 5 : THE APRIL ISSUE OF THE MMA Monthly Cycles Report Plus+, edited by Pouyan Zolfagharnia, was issued last week. This market letter has become a very popular addition to the MMA Cycles Report (less technical, more visual, high-quality analysis and update on MMA Cycles Report markets). The mid-month addendum to the MMA Cycles report has stunning AI graphics and charts (people love it!) and is very readable. It contains more illustrations and references to geocosmics than most MMA Cycles reports and is only available for subscription to those who also subscribe to the MMA Monthly Cycles Report. If you wish to try this month's addendum, along with the latest issue of the MMA Monthly Cycles Report, sign up online at the link above. The cost for a monthly copy of both reports is $55. That will give you both the most recent copy of the MMA Cycles Report and the MMA Cycles Report addendum coming out this week. For further information and ordering instructions, please click here.
Note 6 :
Note 7 : TUNE INTO MMA's NEW WEEKLY YouTube Video on the geocosmic climate related to financial markets hosted by MMTA Educational Director Gianni di Poce. The video is recorded late Friday night and posted then or early Saturday, depending on the editing process. These 5-10 minute video presentations review the market activity of the past week and offer a preview of the geocosmic signatures in effect for the next week and beyond. You may subscribe to MMA's YouTube Channel today at no cost and get announcements when each geocosmic market review is ready for viewing. To view this week's show, click here.
Note 8 : The MMA Grain Cycles report by MMTA Graduate Wyatt Fellows was issued last week. This is an exceptional report by a top MMTA graduate who is also the owner of a large family farm operation. Wyatt knows the farming business and grain markets from both a cyclical and fundamental point of view. This report is an in-depth look at long-and short-term cycles in Corn, Wheat, Soybeans, and Cotton. The MMA Cycles Grain Report has been extremely accurate in its first editions that began in January. If you trade grains or are in the farming business and wish for accurate timing and understanding of when to hedge your crop, this report is not to be missed! To order, click here.
Our monthly MMA Cycles : The monthly edition of the MMA Montly Cycles Report (ICR) and its companion MMA Japanese Cycles and MMA European Cycles reports was released 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.
One month trial subscriptions are available for this service for $35.00, which includes the current issue.
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 one month trial basis for only $35.00.. For an additional $20, you can also receive the next issue, due in two weeks, of the MMA Monthly Cycles Report Plus+ edited by Pouyan Zolfagharnia, which has become a very popular addition to the MMA Cycles Report (less technical, more visual, high-quality analysis and update on MMA Cycles Report markets).
We are also pleased to report that starting with this month's issue of the MMA Cycles Report on November 8-9, we have added the Copper market , written by MMTA graduate and portfolio manager Matthieu Kaiser of Paris, France. We are very excited about this addition, as Matthieu has conducted exceptional research studies identifying long-term, intermediate-term, and short-term cycles in the Copper market. Many consider the Copper market to be a leading indicator of the world economy and stock markets. Stay tuned for the first edition of this new market !
MMA's annual Forecast Book : see above
Upcoming Events :
May 20, 11:00 AM : "Eye of the Geocosmic Storm: What's Next for Financial Markets". MMA Analyst and MMTA Director Gianni Di Poce will be giving a lecture with Astrology University on Saturday, May 20 at 2pm ET: Eye of the Geocosmic Storm: What's Next for Financial Markets? We are in the final stages of the most intense astrological signatures of the year. Will markets boom or is gloom on the horizon? Special attention will be paid to stocks, bonds, forex, commodities, Cryptocurrencies, and real estate. The T-square between Jupiter-Mars-Pluto will also be of major focus, along with Venus retrograde later this year. The cost is $30. To sign up, click here.
June 1-4 : MMA Investment Retreat, "GEOCOSMIC CORRELATIONS TO LONG-TERM INVESTMENT CYCLES". A 4-day, in-person and/or virtual retreat taking place at the Michigan State University Management Education Center in Troy, Michigan.
This 4-day intensive will introduce the participant to the role of Outer-Planet Aspects and Ingresses to long-term financial market cycles. With this understanding, one will learn to identify time bands that historically have coincided with the most favorable long-term investment opportunities as well as time bands that have correlated with long-term market peaks or selling opportunities. These studies are based on actual research on the performance of financial markets (like the U.S. and British stock market) going back to the 17 th century. Once these studies and methods are disclosed, the instructors will then illustrate how they apply them to current market conditions. Outlooks will be given for long-term cycles in various markets (such as stock indices, Gold, and Bitcoin), with the goal of identifying when the next excellent investment or selling opportunities are most likely to take place.
You do not need to be a student of the two-year MMTA3 program to join ! "Geocosmic Correlations to Long-Term Investment Cycles" is a standalone course designed for investors. This event is an excellent opportunity to interact with MMA President Raymond Merriman and MMTA Director Gianni Di Poce, and several other like-minded students of financial market timing over an extended 4-day period. There is nothing like the in-person interactions that occur at an MMA Investment Retreat.
Cost is $2750, or $2500 if reserved before May 12. Cost includes a 120-page workbook, all class recordings, and slides of the class presentations. Note that this retreat is also in conjunction with Course 2 of MMTA, and participants will get credit for Course 2 if they decide to attend MMTA now or in the future. For further information on this unique and special event, contact MMA at 1-248-626-3034 or by email at customerservice@mmacycles.com. A website link will be provided for registering for this retreat in the next week on our website at www.mmacycles.com.
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 G"...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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