These forecasts are for demonstration purposes ONLY to show the value of financial astrology. Remember: Always check with your licensed financial advisor or broker before acting upon the recommendations of the Astrologers Fund. No specific recommendation is being made to buy or sell any security, future or option. Please read the DISCLAIMERon our site.
Unless you are a mad bull, the stock market above 9300 is unsustainable.
We are urging all our clients to exit most INVESTING positions and traders,
to re-institute shorts, Holiday or no.
MARKERS: DJIA 9320, SPZ 1188 OEWXO 7 1/2
EOD markers DJIA 9374, SPZ 1192 OEXXO 6 1/2
We like the timing AND the price of the this alert. Stock market
at or above SPZ 1040 (DJIA 9000), and a safe overnight play.
Tomorrow Alan adds spice. He is bound to disappoint - just a question
of whether there is any rally on a 1/4 rate increase which is already built
into the market, or straight selling on "good" news or selling if "bad"
news. Heads you win, Tails you win.
We plan on one short before 10am and one before Noon, both to be held overnight.
MARKERS: DJIA 9000, SPZ 1142 OEWWJ 2 5/8
WSNW Trading updates to WSNW Alert 34 and 34A at DAILY MARKET COMMENT
We are advising investors the same we did 3 months ago, on July 20:
SELL TO MAXIMUM CASH ALLOCATION.
After today's news, our forecasted16B+ US trade deficit for August, we are raising gold allocation for 1999 portfolios by 5%.
Yesterday almost all our trading positions were either stopped out or blown out of the water. All week long we have traded like a long term investor. After so many perfect trades, we became too careless in fading our system more than one day. Now for the future:
Fact 1) The Options boys don't need to push the market up e.g. Cadbury forecast SPX 1052 10/30 October 30th .
Fact 2) Yesterday's Fed move was an act of desperation.
Fact 3) Our 12 month target of 6000 to 8600 is too close to the top for comfort.
Investors: WE ARE AGAIN RAISING CASH LEVELS. START SELLING OR STOP LOSSING
KEY S/P 500 STOCKS.
Traders: We are going in short one on opening circa SPZ 960 and then adding at 950 and 940. 950 is a day pivot and 940 possible support - trade accordingly.
From NY Post Oct 16, 1998 John Cudele
"Who in trouble? What's wrong? What is the Federal Reserve worried about? Yesterday's stunning move by the Fed to cut interest rates by another quarter point, just weeks, after the last reduction, was explained away by Washington as necessary to keep the economy moving. Wall Street doesn't believe. And neither do I?
'You have to ask yourself. Why the cut? Why now? There has to be trouble out there........
Suckers were lured into the stock market by yesterday's rate cut. Most pros weren't. As one veteran trader put it: 'I'm' selling everything. I expect there's some bad news that's gonna come out.'
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