WALL STREET, NEXT WEEK

Financial Astrology for successful investors and traders"                      

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WALL STREET,   NEXT WEEK: APRIL 30, 2001
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER
 
1. MAY ASTRODATES
2. MAY MARKETS
3. UP STARS/DOWN STARS
4. QUOTES
5. ASTRONUT
6. ON THE WEB
7. LETTERS

1. May 6 Jupiter opposite Pluto
May 7 Full Moon 9:52am
May 10 Neptune SR
May 11 Mars SR
May 20 Sun enters Gemini
Ma 22 New Moon 10:46pm

2. May represents more trading bliss. There will be plenty of both good and bad news.
While investors will realize there won’t be a fast recovery, Oil/Gas prices will be peaking shortly.  Alan will lower interest rates again next month if needed and Congress will pass higher IRA limits.  Japan is finally in recovery mode after 15 years. On the other hand, organized labor will average 4-7% raise increases.  Housing, the engine of our economy will soon slow down from record highs.  In other words, the cup will be half full or half empty.

New investment strategies are called for. All investors will have to trade their portfolios more. If the DJIA breaks 10500 and NASDAQ 2000, BE PREPARED TO ACT. In the upcoming issues of WSNW, we will be giving some of our new investment ideas.

HOPE FOR THE BEST; PREPARE FOR THE WORST: CURRENT RECESSION ODDS 14.67%

KEYDATES:        MAY 4, 7
DJIA:           S1 10,500 S2 10600 S3 10700
NASDAQ:        R1 2022 R2 2100 R3 2222
XOI:            Continue to Distribute/Sell
NIKKEI        R1 14,400 R2 15,000 R3 15,500 R4 16,000

3. Man gets robbed at gunpoint. Robber demands "Give me your money. "You can't do that." says the victim. "I work for the IRS."
Robber: "In that case, give me MY money." Be that as it may, Intuit (INTU) is highly overpriced and therefore “unattractive” at this time.  HR Block (HRB), on the other hand, is an attractive long term investment, and we rate it a Hold. 

Microsoft was an intermediate term 2001 buy for us $40-$50. We rate it outperform 3Qtr fundamentally and astrologically, but all this good news and expected future good news seems already built in. Its P/E is above 33 and therefore a dangerous herd holding. We see little upside above $75. MSFT is worth $35 currently and about $38 year end. Therefore, we are recommending a short term trading sell 71-76 or writing either June/September 65/60 calls, respectively.

4. “There won't be a sharp economic recovery and some people will want their money back as soon as the stocks recoup some losses. There will be constant selling pressure.''
Tim Ghriskey, money manager, Dreyfus
HW: Yes, but perhaps only until August.

"We've still got worries about corporate earnings and I think that's going to be the case for a couple of months yet."
David Thwaites, European strategist, BNP Paribas
HW: At least until August.

“The lower they go, the closer the ultimate bottom and next important buying opportunity.''
James Dines, editor, Dines Letter
HW: I can’t argue with that one, but did it just pass or will it be May or August?

5. The Romanian government is planning to build a Dracula Land theme park to attract visitors interested in Prince Vlad Tepes. Prince Vlad is a national hero in Romania, but  better known to the rest of the world as Vlad the Impaler. The Romanian government will attach a Dracula Institute to the theme park. "This institute will allow us to maintain permanent contact with some 4,000 Dracula clubs around the world," says Tourism Minister Matei Dan.  Good idea, but still not a good reason to invest in Romania in 2001.

City spending cutbacks are hitting corporate plane charter broker Air Partner where it hurts, as fewer companies are jetting around Europe and the US on road shows. Still, shares in Air Partner, while off their highs, are pricey. Tony Mack warned that this year's profits will be "significantly" reduced by "lack of confidence and activity" in world financial markets. "We have seen cutbacks like this before, like when the Asian economy faltered, but air charter bounces back quickly once confidence re-turns," Mack said. Air Partner, the world's largest corporate air charter broker, once had a plane fly higher to reduce turbulence so the soup demanded by Robert Maxwell could be served. That is good enough for me. Accumulate on further weakness AIR Partner [AIP.L]/Hold Campbell Soup(CPB). 

6. http://www.cartoonbank.com/assets/product_images/45469_hi.gif.
HW: Absolutely brilliant.

Making the Case for a Summer Slump. [http://www.worldlyinvestor.com/article_display.cfm?article_id=20222&from=sam]

7. READER: I am looking into making a fresh investment in Philips (PHG). What are your thoughts?
HW: Overall, it is a good time as the euro will be getting stronger. But electronics company may not have blockbuster products until 2002/3 when HDTV becomes mainstream. PHG is one of our four favorites in this sector.  However, I am unsure if it should be bought right now or over the next few weeks. Economically, we believe the economy will continue to slowdown from August to May of next year. This implies Fall as a good time. However, May may be the bottom of many markets if the Fed lowers rates again as expected.  Therefore, an initial entry- 1/3 of the position you desire makes sense within the next 3 weeks.

READER: My work (based on pattern/momentum/sentiment)is on the verge of becoming very bullish on the Euro, and negative on the $ beginning some time next month and continuing potentially through year-end.  I heard that your astrological work points to a similar conclusion. If that is true, does your astrological work point to any significant upcoming influences with respect to bullion and/or the gold stocks.  I have been impressed with what I see as subtle and strong accumulation in the gold shares, much like a full kettle of water on a burner that is set on "simmer."  It just needs time before it boils.
HW: Yes in a small way, in that as the dollar drops to 108, gold can easily go past 285-295.
But with many gold stocks overvalued, we are likely to sell into this rally.

READER: I have full confidence as usual in IHI. Its been a 7 year long hold...still at my average of $2.00.… By the way I always appreciate your column on IHI. Do you still think we could see $25 per share earnings in 5 years or so?
HW: Actually, the numbers have changed slightly, given some share dilution.  I now believe that number is possible in 6 ½ to 7 years- still not bad.  You may wish to consider adding to your position and lower your average cost.  Perhaps, and hopefully, this will be your last opportunity to do so.

READER: Perhaps the downturn already started! However, with a little help from "the stars", you still might get your M interim top around 2200 (whereupon you would probably take profits). The real question is what happens from there? Do we crash through the psychological barrier at NASDAQ 2000 and through its potential head and shoulders bottom at 1800 and then retest the lows at around 1600? Do you think NAS will hold the 1600 bottom or do you think we are headed even lower?
HW: Right now we are trading Nasdaq 2000 as the bottom.  If broken, we look to 1950, 1800 and 1650 as our next fight zones.  As to investing, if it break 2000, we should reduce portfolios holdings further.
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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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