1. MARCH ASTRODATES
2. MARCH MARKETS
3. 2000-2100 ANNUAL FORECASTS
4. QUOTES
5. TELECOMS
6 LETTERS
1. March 6 New Moon 0:17a ET
March 14 Mercury SD
March 15 Pluto SR
March 16 Jupiter Square Neptune
March 19 Full Moon 11:44 pm ET
March 20 Sun enters Aries 2:35 am
STORMY WEATHER AHEAD FOR "THE NEW ECONOMY"
2. The contrasting market forces of the FED raising rates on
March 21 and new IRA money entering the market before April 15 should result
in a major bull-bear struggle. Add the peak of the 11 year cycle of solar
activity to the mix and volatility players and day traders should have
a real field day. How long will a buy Nasdaq/sell DJIA hedge work?
Probably until at least DJIA 9360 point [20% correction] is attacked. Will
buying Russell 2000/Sell Nasdaq continue to work? The latter continues
(cautiously) to be my recommendation for another week or two.
Last Sunday I visited the Online Trading Expo in NYC and felt like I was walking around in a loony bin. No wonder day trading is so crazy! Amid all the circus barkers was one neat product: buysellorhold.com. It was extremely well organized. Unfortunately, I sensed its black box technical decision engine might not be robust enough. However, its user interface was A+.
I was delighted that our client WAMEX (WAMX) announced a 4-1 split last
week and ended the week up 387%+ since January 1. Also last week,
Mexico's Grupo Televisa (TV) announced it would begin carrying out a 10-for-1
share split on March 1. I am waiting for Yahoo to announce a 100-1 split.
After all, at $1.60 a share, wouldn't that be a bargain? If you are
an Nasdaq investor and not scared sh*t, what planet are you from?
At long last, the Fat lady is singing the high (Nasdaq) notes. I am moving
to the rear exit except for our long term core, defensive, cosmic value
holdings. Are you?
Remember it is better to miss out, then be wiped out!
I read on the net that both Warren Buffett and Peter Lynch have said that if you aren't willing to risk the loss of half your money, you should not put that money in the stock market. I think that advice works for Blue Chips ONLY. It should be revised to unless you are willing to risk 90% of the loss of your money, you should NOT be investing in NASDAQ STOCKS.
KEY DATES: March 2, 6,
DJIA:
S1 9800 S2 9688 S3 9360 R1 10,000 R2 10,200 R3 104040
BONDS: ->6.80+
NASDAQ: -->3300
EURO:
Strong accumulate
3. Last year Philip Roth predicted a strong first quarter, some kind
of correction in the spring, a summer rally, and a setback for the fall
of 1999. The normal window of vulnerability in the fall is from mid-September
until mid-November. That was true in 1999. Interestingly enough, that "also
happens to be my opinion every year. In fact, the only difference between
a bull market and a bear market is that fall low is below the spring low
and there is no New high at the end of the year."
--Philip Roth Morgan Stanley Dean Witter
4. "Biotech is just going nuts. People are jumping in on any excuse.
It gives me the heebie-jeebies, big time."
Lissa Morgenthaler, portfolio manager Murphy Biotech Fund
HW: Especially given Jupiter/Pluto aspects later this year.
"This is not a sustainable oil price and everyone knows that. OPEC took
a caning in 1998 and is still trying to make up some of those lost revenues."
Geoff Pyne of Standard Bank in London.
HW: Did "everyone" predict the multi-year lows followed by multi-year
highs? We did!
"Lower oil prices are not the work of the devil but a means of achieving
lasting stability for our industry."
Former Saudi Oil Minister Zaki Yamani
HW: So this was not an American Zionist plot?
5. In contrast to computer companies, we like the Telecom equipment
manufacturers as much as the transmission and software services companies.
Valuations are sky high in this sector and we expect significant and brutal
competition between wire, cable and satellite distribution. Despite
soaring usage especially in the Internet and wireless areas, we prefer
to avoid new purchases in this sector until there is some value semblance.
Industry consolidation will hurt more players than it will help. The only
winning game is M & A and today's pricing is prohibitive for sensible
long term management goals.
WSNW subscribers may find AFUND coverage of the telecommunication area
is to be found at Telecoms.
6. READER: When you look at what happened in the Hong Kong market
just now it confirms how unstable the world is in many ways. I am most
certainly not entering a futures long until there is reason to do so.
HW: Global markets are extremely unstable and the utmost caution is
advised for the few months.
READER: What do you think on RAYTHEON? On a technical side I think they
are looking very well.
HW: I am too SRI to track military stocks. That being said, they
should outperform, thanks to recent US foreign policy blunders.
READER: I have not been able to pull up the messages on the recent "Cadbury"
emails. After clicking on "attachment," I get a whole page of gibberish...(letters,
symbols, etc.) Any idea what is wrong?
HW: Yes, you need to go to efax.com
and download their free efax reader. Note: we will be offering this
service free to WSNW subscribers for three more weeks. Thereafter we hope
you subscribe.
READER Wamex is looking very good but IHI has reached the laughable
stage. Can you see why after all the long wait, the latest announcement
wasn't greeted with enthusiasm? It is my understanding that when a company
like Wamex have their stock split-it is within a reasonably short period
after, quite beneficial to its price?
HW: Yes, Wamex should reach 15 soon. [It did on Friday; our P2 target
is 17-20] IHI, we believe, will be stellar shortly and therefore
we continue to buy personally and for clients. Why is it not doing
well? For the same reason Nasdaq is soaring- people don't always
think strategically.
READER: On 2-21 Mercury began a three-week retrograde move at 18 degrees
of Pisces. It will move forward again in early Pisces on 3-14. What is
the significance of this transit in relation to investments, trading, gold
and the markets in general?
HW: Like lunar cycles, these mark zeitgeist turns. Watch Nasdaq
action then for quite a different "feel" from the current euphoria.
READER: What is your opinion about gold? Has it ceased to be a "safe
haven"? Is it possible that the market may crash but gold remain in doldrums?
HW: I am LEO and therefore do not change my opinion on Gold.
Of course, almost anything is possible. However else could people call
TECH stocks "safe havens"? I prefer gold and selected REIT's and have some
in all our Saturn (investing) accounts.
READER: Watch GOLD Slowly inching up. The Russian Mafia will play a
similar trick to what they are doing with PALLADIUM!
HW: Well this may be the first time in history I APPROVE of an activity
of the Russian Mafia. However, please do NOT tell them, as I do NOT
wish to end up in the Volga feeding fishes.
READER: I still maintain my prediction that DJIA will touch 8500 and
NASDAQ will touch 6000 by Q2 2000.
HW: I think you are too timid with your DJIA forecast and too optimistic
with your Nasdaq one. I believe 7001.67 and 3000 respectively are
more likely Q2 prices targets.
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