WALL STREET, NEXT WEEK

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WALL STREET, NEXT WEEK: APRIL 2, 2001
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER
 
1. MARKETS
2. UP STARS/DOWN STARS
3. ASTRONUT
4. QUOTES
5. ON THE WEB
6. LETTERS

1. STAY FULLY INVESTED FOR A SHORT TIME LONGER
Just as many investors may be upset about not selling more NASDAQ stocks last March, next year they are likely to be upset about NOT having bought more quality Nasdaq stocks this March.  Still, when Nasdaq climbs back above 2200, be cautious, as the cup is ONLY half full. Thereafter, lock in profits and become very stock specific, as earnings warnings will reward/punish individual stocks. Investors should wait to buy until good companies are beaten up thrice, such as Nortel (NT) was late last week.

As traders, we are watching with interest the intense explosions on the sun's surface this weekend, which are causing the biggest sunspot cluster seen in at least 10 years. Stock markets this Spring are reaffirming the old Chinese pictogram of crisis: danger + opportunity.

JAPAN
Go Japan. We are justifiably proud of our call. Next week, more reality kicks in. Short term traders should be alert. Long term investors should use any pullback opportunity at the beginning of April to ADD to their long term positions in Japan under 13,000.

THE RICH GET RICHER
Who wouldn’t strike? Pilots at Delta Air Lines subsidiary Comair have not had a raise in three years. Pilots rejected an offer that would have increased the pay of top-scale pilots from $66,000 to $96,000.
That is good, but only about 40 Comair pilots would have been eligible according to union leaders. Comair pilot’s starting salary is only $14,562 a year and would increase to only $18,810 per year under Delta’s offer. I think that is still too little. The union wants its regional pilots to be compensated on the same scale as major airline pilots.  That, however, is too much. Despite being fully invested, we are not sanguine about inflation. Alan Greenspan said that current U.S. data might be overstating inflation for medical care services because the statistics are failing to capture the full advance of productivity evident in health care. Obviously Alan does not buy his own health insurance

HOPE FOR THE BEST; PREPARE FOR THE WORST   Current recession odds: 16.44%
According to Bridge News, IMF Economic Counselor Michael Mussa said that the federal funds target rate would fall a full percentage point to 4.0% by this summer. He said further cuts are likely to be needed to prevent the economy from stalling. Therefore I invite Alan to fire bullet number four and reduce interest rates .50 more NOW, and if need be, [but hopefully not], another .50 in June. Thereafter, he will need to hold the line. Better still, imagine if Alan acted OPEC-like. He could reduce rates whenever the DJIA is below 10,000 and raise them whenever above 11,000.  That way, traders would be happy and investors would achieve long term market stability! ;)

KEYDATES:       APRIL 2
DJIA:                   S1 10,000 S2 9800 S3 9500
NASDAQ:           R1 1950  R1 2022 R3 2222
JAPAN:               Buy 112,222 OB
TSE:                    S1 7500 S2 7000 S3 6000

2. Having become a regular contributor to CNBC India, we will shortly be increasing our coverage of Indian ADR’s.   We consider the BSE to have found short term support at 3500 with an intermediate term target of 4000. However, it won’t be until later this year that we turn bullish for 2002. This takes into account a convergence of many global trends favoring its computer industry will then be appreciate more.
For monthly guest coverage of India on our website read INDIA.

3. As the war for the ultimate cleavage deepens, an all-new bra, which allows women to pump up their chests to more than twice their original cup size, is now available in stores across Britain. "It's a much healthier and cheaper option (approximately $40), than surgery," said Christine Morgan, a company spokeswoman”. The wonder cleavage-boosting bra is not yet available on American shelves. The Ultrabran Airotica will make their way to U.S. lingerie shelves by mid-summer. Read Self-Pumped Bra Deepens British Cleavage Contest for details.  Despite this psychological lead, the effect of hoof and mouth disease remains; locals can buy the FTSE whenever selling under 5500; while global investors should wait for better (lower) numbers.

4. "Although the stock market is down roughly 15 percent so far this year, having a second consecutive down year doesn't seem a sensible forecast to us. It has only happened three times in the last hundred years, all periods when things were much more seriously awry than they are today. But with the recent market decline, we are reducing our year-end S&P 500 price target to 1400.
Jeffrey Applegate, investment strategist, Lehman
HW: I believe a forecast of any number above 1350 is a bit optimistic.

“It's no shock that the earnings season is going to be horrible. I'm truly amazed how many people are willing to conclude, based on a few days' gains, that something significant has passed to turn stocks' declines around.”
Bill Meehan, senior market analyst, Cantor Fitzgerald
HW: Something HAS changed. Many stocks, while not cheap, are now fairly valued.

“The market was in a mania a year ago, and we're in the final stages of putting that mania to death. But interest rates are going down, and I was a bear a year ago, but I'm getting more bullish as we go along.''
Hersh Cohen, manager, Smith Barney Appreciation Fund
HW: GMTA

5. Research Firm ECRI Forecasts Recession
HW: We predicted the slowdown ahead of this, but believe a recession call is yet to be determined. Alan, are you listening? St. Louis Federal Reserve Bank President William Poole believes the current U.S. economic slowdown is coming to an end. He calls for US economic growth to pick up in the second half of this year and accelerate further in 2002. Not so fast, the cup is also half empty.

worldlyinvestor.com
A joke that made the rounds after the 1987 crash reappeared the other day.
"What's the difference between a stockbroker and a pigeon? A pigeon can still leave a deposit on a Porsche."  The difference now versus 1987 is that we have eBay (EBAY)….

6. READER: Are you all brown and toasted?  What a week you chose to get away ... from the stock markets.   I suppose this is a variant on the old British stock brokers' saying: sell in May and go away.
HW: Yes, when the markets are crazy, buy and go away on vacation.

READER: My targets for the Yen/$ at 130 (6 to 12 months).
HW: I don’t agree, but even so, quality exporters will be profitable investments for foreign investors.

READER: Maybe I'm crazy, but I think we're headed for a much greater market drop than we've seen so far. You've been saying for years that the DOW would be fairly valued at 7000. Perhaps we'll see that in 2001.
HW: Actually, we reached our price targets but in Nasdaq terms, not the DJIA. While 7000 is still possible, my current DJIA major support number is 8800, which we almost reached last week.  However, in a world of rational investors, 7740 could be possible in 2002/2003.

READER: Will the global slowdown affect IHI or will it because of its cost efficiency etc not be affected?? I can’t believe its price. Do your astro charts show a run before May in IHI?
HW: My knowledge of the company shows substantial fundamental price progress.  As soon as it moves from the CDNX, its price is likely to shoot up.  Before May? Perhaps.  After May? Almost definitely.

READER: Thanks for NT trading recommendation.
HW: So far, so good.

READER: You are basically a contrarian. You buy cheap, good stocks, which are being downgraded, or are projecting low earning in the quarter but have future potentials. About astrology, your recommendation is not clear. I am learning astrology now.
HW: While naturally a contrarian, my strategies change with changing markets. That is the major benefit of astrological trading systems, they are NOT static, but change every market cycle.
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PAST WALL STREET NEXT WEEK REPORTS
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(c) 2001 All rights reserved. TheAstrologersFund "Always a Stellar Performance"
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Author: INVESTING BY THE STARS, THE STUDY OF ASTROLOGY,TRADING BY THE STARS (01)
May 17,2001 Ninth Annual Astrology & Stock MarketConference NYC 
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* We will be reporting on Cancall (O.CCCA) aka VuScreennext month. This is a company that I own  2 million shares (free)with 10million additional shares optioned at .02. I have also bought inthe openmarket for clients and myself. Naturally I am MOST eager to seethem becomeVERY successful.
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