WALL STREET, NEXT WEEK

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WALL STREET, NEXT WEEK: APRIL 9, 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

ITS GETTING ROUGH OUT THERE
What happens to your life style when your portfolio is full of former $140 stocks that are now $40?  First, your maid in East Hampton has to let go of her maid/laundress and do your laundry herself.  Second, your butler stops pouring ‘89 Chateau Palmer ($195 a bottle) at dinner parties. According to the NY Times, you now downshift to a slightly shallower and marginally less complex .89’ Chateau Talbot ($40 a bottle).  No wonder Bush is so adamant about a tax cut for the richest 1%.  This type of indignity has to stop.  Serving premium wines should be a constitutional right next to bearing arms!

THE BEAR ESSENTIALS
The Saturn/Neptune counter parallel last week as reported by Arch Crawford Wednesday, as well as the Jupiter [up] trine [easy] Neptune [without limits] Thursday, may have timed a short term bottom. If not, and Monday  is bloody, read on:
“If you come face to face with a bear, don’t play dead too soon. Screw up your courage and stand your ground.” Wall Street’s investment gurus must have been reading the The Great Life: A Man’s Guide to Sports, Skills, Fitness and Serious Fun, to judge by the calmness in the face of a charging bear…. One final piece of advice from The Great Life may be worth considering, in case things get worse in the months ahead. “If a grizzly gets you, hit the dirt. Lie fat on your belly with your hands and arms gripped over your head. Try not to thrash and scream. Lie still and stay that way even after the bear has started to leave.” Quoted from The Economist March 17, 2001.

TAX RALLY OVER WHEN?
APRIL 12, APRIL 16, APRIL 20TH?
The key question after this next rally would be: is it an opportunity to short or continue to buy and hold?
We will answer this question next week, or for all WSNW subscribers mid-week if need be, when we think it is time to place protective stops on intermediate term holdings soon.

Like week, we wrote that Japan should be bought at 112,222OB. That was a slight typo. We recommended it under 13,000.

HOPE FOR THE BEST; PREPARE FOR THE WORST: CURRENT RECESSION ODDS 18.45%

KEYDATES:       APRIL 9, 12
DJIA:                   S1 9800 S2   9700  R1 10,000 R2 10,350
NASDAQ:           S1 1750 S2  1650   R1 1880    R2 2022
JAPAN:               Third Buy
TSE:                    S1 7500 S2 7000 S3 6000  P1 8000

2. Having just returned from Canada, I re-iterate our long term buy on Canada. Its dollar is undervalued. Its economy (partially because of its dollar) will be the best performing G7 country over the next 12 months. Short term Blue chip stocks like Northern Telecom (NT) will outperform, and longer term, IHITF will become the global Canadian powerhouse we have long forecast. While bargains are hard to find, Canadian I shares [EWC] are near annual lows and TSE support at 7500 is likely to hold.

3. Why is Boeing [BA] really thinking about moving its corporate offices?  It is not about tax incentives. It is about corporate astrology! Its three target cities are Chicago, Denver and Dallas. Forget Denver. But in  giving up Venus on its natal Midheaven, it could get Jupiter rising in Dallas in exchange. If it wants to become a household name, Chicago would make sense with its Sun relocating to the Midheaven and its Moon on the Ascendant.  BA is a trading buy under 54 to 60 resistance. We maintain our investing hold rating for 2001, given the US$ strength and increasing serious airbus competition.

Female flight attendants on Singapore Airlines will change footwear for takeoffs and landings. The airline is distributing new designer shoes that are intended to protect toes and feet, after some attendants complained of losing their sandals when a Singapore jet crashed last fall. The new Pierre Balmain sling-backs have a protective front-toe cap with a chrome buckle attached to an ankle strap. The female attendants still plan to wear their sandals when flying. Using fashion as a market indicator, doubling the number of shoes is bullish. However, this does not change our view of the Singapore markets.  They are OK, but nothing special for global investors.  Continue to over-weight Japan in Asian portfolios; I don’t care about JAL flight attendants footwear.

4. “You have to get through this. People sell on bad news and buy on good news; that is the opposite of what you do as investors.''
Mario Gabelli, chairman, Gabelli Asset Management
HW: You are preaching to the choir here.

“The premier signal of economic distress is job losses -- big ones. This may be the tip of the iceberg in terms of job losses. The Federal Reserve will need to stay on the job for a while longer.''
Chris Rupkey, senior financial economist, Bank of Tokyo-Mitsubishi
HW: Both to loosen and tighten later on.

5. Stocks View: Media Can Be Market Indicator
HW: Counter-Indicator, that is.

6.  READER:  Congratulations Henry, Your name appeared in the leading Belgian financial newspaper some weeks ago, citing Astrology and your name as the only investing alternative in this volatile markets.
I think people finally realize the importance of astrology.
HW: It is not the only investing alternative, but it is certainly one of, if not the best, alternative.

READER: When I predicted NASDAQ 1000, you replied  "we had to hit 1800 and 1500 first". Well, we are closing in on 1500! The long term trend line on the NASDAQ logarithmic chart passes through 1000 give or take. It could happen. What's your prediction for the NASDAQ bottom at this point?
HW: Given we are below our numbers, we do not have a prediction beyond today’s rally.  We are more concerned about DJIA holding 9500 short term and whether our year end trading number of 2508 is correct.

READER: FYI: Grants Interest Rate Observer has very bearish piece on IBM in current issue dated march 30.
HW:  I wondered why people were selling my number one stock pick in 2001.

READER: Elliot Wave Theory that BSE SENSEX will touch a level of 3421 in April/May'2001. If this levels is breached the BSE SENSEX will crash like nine-pins to a level of 3150. We will then be in a bear market for three/four months.  Ideal time to pick up some of the battered Blue Chip Software Shares like INFY. Also I still stick to my prediction that NASDAQ will test 1492 in May'2001, if not earlier.
HW: If what you say happens, then I would consider buying some Indian Adr’s. Otherwise, I would wait until the Fall or Spring from a global perspective.

READER: I have a couple of biotech's I want to get out before any further correction in May, CLN and AMGN. Are you still expecting Biotech's to have another run before May.
HW: I continue to believe so, although we will keeping some CLN for 2002.

READER: Re: Your Tuesday’s "will just hold intermediate term positions until next week and not fight what we consider a misguided trend." I suggest you meditate on this. I am not sure if it contains a double or triple negative - but you know what I mean Oracle not to 10 yet, for instance.
HW: Yes and it never may.  We held and were rewarded. Whether this May or August, your numbers remains to be seen. Almost anything is possible, even if not probable.
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PAST WALL STREET NEXT WEEK REPORTS
Thursday, listen to our ABS radio program TRADINGBY THE STARS.
(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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The Astrologers Fund Inc. Accepts No Liability Whatsoever ForAny Loss Arising From Any Use Of Its Report OrIt's Contents. The AstrologersFund Inc. Or Its Clients Usually Holds Positions In The Stocks and/or MarketInstruments Mentioned And May Buy Or Sell At Any Time Without Notice dependingon market conditions and personal financialconditions. This InformationIs In No Way A Representation To Buy Or SellSecurities, Bonds, OptionsOr Futures. This information is not intended tobe used as the sole basisof any investment decisions, nor should it be construedas advice designedto meet the investment needs of any particular investor.
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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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