PLEASE NOTE the cost of “market insurance”, i.e., Silver subscriptions to WALL STREET, NEXT WEEK will be increasing 20% to $360 annually.  Current and prospective subscribers can lock in the old rate of $300 for one year or save 44% by paying $500 for two years until International Astrology Day (March 20, 2001).

1. ASTRODATES
2. MARKETS
3. UP STARS/DOWN STARS
4. ASTRONUT
5. QUOTES
6. ON THE WEB
7. LETTERS

2/8 Full Moon 2:12pm
2/18 Sun enters Pisces 9:27am
2/23 New Moon 3:21am
2/25 Mercury SD

2. According to Jeff Cooper and Ned David Research, the Fed has gone into an easing cycle 21 times since 1913.  On 17 of those 21 occasions, the first cut marked a market bottom.  The second cut signified the bottom on 3 of the remaining 4 occasions. The average one-year gain after the 21 initial cuts was 20% on the Dow; after two cuts, the average one-year gain was 28%.
 "It's a compelling historical picture that does not favor being overly bearish here."
Excellent statistic; however, personally, we are still intermediate term – Spring time frame bearish. Besides, this could be the one out of twenty one times.

Astrologers note: The Sabian Symbol for the Bush Inauguration chart Ascendant is Taurus 15:
Head covered with a rakish silk hat, muffled against the cold, a man braves a storm.
Couldn’t have said it better myself.

MORE INFLATION WORRIES
FedEx will increase rates 4.9% for shipments within the U.S. and 2.9% for U.S. exports starting Feb. 1. UPS Ground will rise 3.1 percent. Insurance companies are expected to raise premiums by an average of 9.8 percent this year, up from an 8.3 percent increase in 2000.
Market translation: Be wary of US bonds before the Summer and continue to sell/trade short financial stock rallies after the next two rate cuts (so far 1/1).
Note: MOODY is forecasting the junk bond default rate to hit 9.5% by the end of 2001.
Gold trading may soon become “interesting” again and the cost of “market insurance”, i.e., Silver subscriptions to Wall Street, Next Week will be increasing 20% on International Astrology Day, aka March 20 to $360.

No later than the second week of February, it is reasonable to expect some profit taking, given both seasonal and astrological trends. The next Big rally will be due to IRA retirement portfolio inflows. Until then, it is mostly Alan and George W trading watches. Our advice:
Assuming Alan lowers rates 0.25 as expected, slowly distribute stock positions you do not wish to hold until April.
If he lowers .05, sell the rally after prices rise more than 7.4%-12%.
If he does nothing but “talk”, sell and/or run for the hills.

KEY DATES: February 5,8
DJIA:  10578 Pivot
NASDAQ: 2750 Pivot
XOI:  Trading Buy
GOLD:  Watch

3. We re-iterate our strong speculative buy rating for Celsion (CLN). May target is 5-8.
WSNW Subscribers can review past 2001 UP STARS/DOWN STARS ratings.
Astrologers Fund, Inc. | UIT 2001 closed up 27% Thursday: our 2001 Target is 28%+.

4. The Mir space station is set to fall to earth this month somewhere in the South Pacific. US citizens therefore will have no need to pack an umbrella. Also, Russia’s Energiya Corporation is considering launching a new module that would be used by commercial enterprises promoting space travel. Adventurous millionaires eager to experience space travel would use this as a luxury-orbiting hotel.
While this sounds like fun, we see no need to change our view of their market. The MTMS Index stocks continue to be very promising for well-connected robber barons; all others can sit out 2001, but are no longer advised to use Rubles for toilet papers or wallpaper.

Economist Intelligence Unit (EIU) recently said that Zimbabwe would continue to suffer its most serious political and economic crisis in its 20-year history, and predicted that President Robert Mugabe would not finish his current term, which runs until April 2002. The EIU said the economy would remain in a steep downward spiral, with negative real GDP growth, a huge fiscal deficit, rapidly rising inflation and a falling exchange rate.
I wonder if they are making this prediction from Zimbabwe’s horoscope or Mugabe’s?  Either way, we agree, and continue to rate Zimbabwe as the most obvious third world avoid.
Its southern neighbor South Africa, with its chronically weak Rand, has more potential.  But it too offers more risk than reward for some time.  Apparently Alitalia, Austrian Airlines and Sabena agree. All three airlines plan to drop flights to South Africa by the end of March.

5. "I really think the worst is over. IBM is the critical reason."
Brian Finnerty, head of Nasdaq trading, C.E. Unterberg Towbin
HW: IBM is the exception, not the rule.  Wait until Spring.

“Though the stock [Microsoft] is down more than 60% since March, it still trades at 30 times forecast earnings for the year to June 2002. There may not be much more downside, but until the success of these new businesses become clear, there may not be much upside either.”
The Lex Column, Financial Times
HW: The same can be said of most blue chip Nasdaq stocks.

"Nobody is denying earnings warnings and misses. Nobody that I know of is expecting a Nasdaq 4000 this year."
Alan Luber, publisher, E-Broadband News
HW: I am just hoping for 3500 to short, but may have to settle for only 3324 to 3336. Time will tell.

6. Active Trader Magazine - Trading Strategies offers good advice for active Traders.

What is the current value of the stock market? Go to Dr. Ed Yardeni's Stock Market Lab for answers.

Bush Stocks Not Big Winners
Before 100 days, that is impatient pre-judgment.

7. READER: SSS seems to have first traded on June 21, 1995. I bought that stock, now $21, some time ago when you recommended it and have been very pleased with the 11% interest in my IRA. And pleased that Morningstar says it is worth $40. However, this summer's June 21 eclipse is going to be smack dab on the First Trade sun. Should we sell SSS? If so, when will the effect be over so we can buy it again?
HW: Eclipses are not necessarily bad; they most often herald a dramatic change. Their influence can last up to one year.  This could start to move its stock price a lot closer to $30, where it belongs.  Or perhaps, SSS will cut their dividend and it will fall back to where you bought it.  It is a good time to recheck the company’s fundamentals.  If you wish to play it safe, you could sell by May, especially if it is selling above $25 by then.

READER: Re “STOCK OF THE MONTH”: On the site the last one given is from September. Has their been others since and as a Silver subscriber I do not remember if I have it sent to me or do I go to the site to check it?
HW: Our weekly UP STARS/DOWN STARS replaced it.  However, perhaps this is offering too much choice for investors and should be reactivated midyear.

READER: Great call on IBM. It's really skyrocketed and has gapped above its 200 day moving average. Unfortunately, I didn't buy; however, perhaps there will be a second chance….  Stocks usually come back to fill gaps; for IBM, that would mean going back down to about 97….. A recent high for IBM was at 100 in early January. It might retreat to that point and then take off again. Based on all that, my thoughts are to try to buy at 100 and buy more at 92 if the "opportunity" arises... then wait for 140.
HW: Short term (before March) 101-102 is possible. Intermediate term Spring or Fall maybe 97, maybe 92, maybe not. However, we do not expect to see 140 for quite some time.  Our P2 target of 120-125 is far more likely to come first as an intermediate term top.

READER: I noticed you may buy CLN and STEM.  Is this for the long term or to trade?  I still own CLN that I bought at 5.  Didn't really care to sell it; but maybe I should have to buy at these levels.
HW: CLN is good for either.  You may wish to double up your investment or take a favorable risk/reward positional trade.  STEM on the other hand would be a trading buy until it either doubles or June 2000, whichever comes first.

READER: Can't seem to find quote for CCCA* on Stockwatch anymore? Know what's happening......any light at the end of the tunnel soon? Would really appreciate if you discussed CCCA on your WSNW as I'm sure there are quite few subscribers (to WSNW) invested in this.
HW: Yes, we see light coming in February. It should move out of the CUB and into public view then.  In the meantime, I would advise being patient and doing nothing.
 

PLEASE NOTE the cost of “market insurance”, i.e., Silver subscriptions to WALL STREET, NEXT WEEK will be increasing 20% to $360 annually.  Current and prospective subscribers can lock in the old rate of $300 for one year or save 44% by paying $500 for two years until International Astrology Day (March 20, 2001).
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