1. MARKETS
2. THAT AND THAT
3. INFLATION WATCH
4. QUOTES
5. MAGI ASTROLOGY
6. LETTERS
ROTATION, ROTATION, ROTATION
What could spark a big rally given the prospect of a second
half slowdown and uncertainty over interest rates? Until August 22,
only wishful thinking. After mid-October, Presidential election Euphoria.
Still, the way to make money is not to buy and hold, but buy hold sell,
buy hold sell.....
These days that is best done sector by sector. Aerospace/Defense and the US$ was up with the Republican convention. It is logical to assume that the Oil and Drug sectors will be down during the forthcoming Democratic convention. Some money managers may be on buying Fuel Cells technology for a Gore burst. Next week watch Telecommunications, Transportation and Publishing: August 9th Saturn enters Gemini.
KEY DATES: August 9
2. 10 Stocks for the Next Decade David Rynecki
Rule for Successful Microcap Investing Sensible advice for newbie penny stock investors.
Given the eclipse at the end of July, we made no stock of the month pick. Our potential August Stock of the Month picks are the same stocks as last month.
FROM THE MTA LIST: "Kudos to the following (non-astro) calls: - Weingarten
for dumping Canada this week....
HW: Who said this was a non-astro call? Clearly there were
non-astrological components, such as JDSU entering the SP500 Wednesday
and insufficient fundamental backup for TSE to break 11,000. But forthcoming
issues such as Saturn in Gemini which is being reflected in NT, ERICRY
and NOK, as well as Canada 2000 horoscope signal strength, also contributed.
I do agree technicals played a VERY large part in this call and unlike
some others, was not primarily astrological Indeed, it was probably
among the most balanced (fundamental, technical and astrological forecasts).
Still, we all made money last week, and clients who exited JDSU, NT
etc. earlier this week on my recommendation are hardly complaining.
:)"
3. Inflation Watch
The Federal Trade Commission is currently saying there
is no "single factor" that caused the recent spike in Midwest gasoline
prices to the highest levels in the country. The FTC said tight oil supplies
caused by OPEC production policies may have been a contributing factor,
as well as the introduction of new reformulated gasoline and the break
in the Explorer pipeline that ships gasoline part of the Midwest.
Yet there seems to be one single factor that combats gasoline
inflation:
Since the FTC launched its probe last month, average Midwest
gasoline prices have fallen 57 cents a gallon to the lowest in the nation,
now averaging about $1.43 a gallon. Hardly a coincidence, is it?
4. "We're in what I call the dog days of August. It's quiet, it's slow.
Most market participants are sitting on the sidelines, waiting for some
definitive sign from the economic numbers.''
Peter Chandler, senior vice-president, Canaccord Capital
HW: Woof, Woof,: translation = I agree.
"REITs may be becoming the new utilities. Since deregulation,
there is uncertainty for utilities ... and for someone who wants safety,
REITs are a good alternative."
David Barker, Instructor, University of Chicago's Graduate
School of Business.
HW: We agree.
"The trend is already there for rotation into what we would
call more stable companies. I think you will find that trend continuing.
The year 2000 is a fabulous year for established firms like Wal-Mart, who
say, 'We have seen how the Amazons have done it, how they fumbled the ball
and how we can do it better.'''
George Rodriguez, senior vice president, Guzman &
Co.
HW: Buy WMT/Sell AMZN sounds like a decent hedge to me.
5. Re: planets in declination as a magi trading tool. Their first book, ASTROLOGY REALLY WORKS uses some examples of 3 planet parallel/contraparallel groups (ex-moon) which occurred at major lows during the a 10 year period. All of these multi-planetary groups had SATURN featured. The following alignments (which include the partial solar eclipse) are showing up right about now:
Sun parallel Moon 7/31/00 9:14
Sun parallel SATURN 7/31/00 20:22
Sun contraparallel Neptune 7/28/00 15:15 Moon parallel
SATURN 7/31/00 10:08
Moon contraparallel Chiron 18:22
The same alignments ex-Neptune occur on August 14. As a
market geometry/Gann guy, I use this type of info as supporting evidence.
It so happens the period of July 31 - August 2 is an incredibly strong
turning point for me -- this includes 144 calendar days from the March
10 high in NASDAQ composite. 144 day counts have marked nearly every
important NASDAQ high and low this year - I am somewhat surprised as it
doesn't usually work this well! We are making lows into this period --
an important low I believe sam
hewitt, Editor Wrinkles in Time.
HW: Important time Pivot, Yes. Important low? Not my bet.
6. READER: Henry the new link for the Austrian
first-trade charts.
HW: Given Austria's new government and
record low unemployment, it could, like Germany, outperform in 2001 assuming
Austrian market horoscopes agree.
READER: What about the July eclipse?
HW: The July eclipse cycle pushed the market up in the
first half and down in the second as we had forecast. The July 30 eclipse
has reporters talking of the "summer sell off" instead of the previous
summer rally.
READER: As of Saturday at 10 p.m., I have not received
your newsletter yet. Is there a problem? Do you let people know in
advance before a subscription expires, so I can renew w/o breaking service?
HW: Yes we send notice ahead of expiration, but we sometimes
mail on Sunday instead of Saturday. This happens a lot in the summer as
I often leave NYC early Friday to go to my summer home upstate.
READER: Re CCCA[*]- are you going to do a write up on it
on your corporate clients page? Are they on time for producing a web site?
HW: Probably in August, as soon as we find a good electional
time.
READER: Where to you see NASDAQ in the next six/nine weeks?
It seems we both were correct in our analysis. Bearish on NASDAQ after
it rebound to 4200 levels. It tested 3166 levels and then rebound to this
level of 4200. I think one should book profits at NASDAQ stocks if any
and get into value buys on DJIA or NASDAQ itself viz CISCO etc.
HW: In six to nine weeks, we see the US markets finishing
their retesting of their lows. However, before August ends, it can
go either way, UP or DOWN, depending on the FOMC meeting August 22.
As to Cisco, I don't it think it has value above 60, [Morningstar
appraises it as worth 27,] although obviously it has strong support at
57 1/2 and investors will know better its short term direction after it
reports earnings on Tuesday.
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