WALL STREET, NEXT WEEK

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WALL STREET,   NEXT WEEK: MAY 14 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

LET THE GOOD TIMES ROLL UNTIL WEDNESDAY OR
DON’T FIGHT THE FED; MARKETS LIKE TO CLIMB A WALL OF WORRY
Before last week, The Dow flirted with 11,000 four times since October before declining. A breakout above 11,000 would show investors are confidant that April's rally will continue. If so, to what level, and more important, for how long? We recommend caution and raising cash levels.
We will discuss the details of our forthcoming move to the bear camp next week.

The May 15 FOMC is the last KEY Fed move. [The June meeting will have far  less market effect.] For the longer term health of the US economy, we recommend  a .25 cut with a loose bias. However, 24 out of 25 top bond firms that deal  directly with the Fed in financial markets believed it will be .50 until last Friday. 

INVESTORS
If Alan does not lower interest rates, SELL! and raise substantial cash.
if Alan lowers 50, sell after the rally; buy on a pullback and then sell again.
if Alan follows my advice and lowers rates .25,  BUY the pullback.
TRADERS, however, should be prepared to both Buy and Sell shortly before/after the news.

HOPE FOR THE BEST, PREPARE FOR THE WORST: Current Recession Odds: TBA

KEYDATES:        MAY 15
DJIA:           11,000 Testing
NASDAQ:        R1 2250 R2 2350 R3 2500
XOI:            Sell/Short 585-590
EURO:        Buy .88 to .89.

2. While bankruptcy attorneys will be in clover, look to accumulate temporary employment service firms like Manpower (MAN) or Robert Half (RHI) that will benefit from upcoming tough economic conditions. Man is an investing buy circa 31 with a 9-12 month target of 38.
WSNW subscribers can review past recommendations at: UP STARS/DOWN STARS.

Celsion (CLN) is one of our  four favorite very aggressive speculations in 2001.  Short term we rate it a trading buy until $3.00 with a 12-18 month target of 5+.  This is a great story stock. Read about it at  http://www.celsion.com.

3. AFTER chronicling extraterrestrial activity for nearly half a century, the British Flying Saucer Bureau [BFSF] has suspended its activities because of an apparent sharp decline in the number of alien visitors to Earth. BFSF used to receive at least 30 reports of UFO sightings every week, but they have now all but dried up. Its monthly meetings have been cancelled after a fall in attendance. Mr. Plunkett believes that there may be a rational explanation for the decline in sightings. He said that perhaps alien visitors had completed the survey of the Earth.

However, the travel industry is forecast to remain one of the future engines of growth.  Do ET's know something we don't? To be safe, we remain neutral on the Travel sector until the government declassifies more info: http://www.thetimes.co.uk/article/0,,2-118521,00.html
PS: It is interesting to note that we have seen no decline in alien attendance at our annual Astrology and Stock Market seminars in NY: NY CONFERENCE 2001. Perhaps, earth’s tourist bureau needs better galactic marketing?

France's parliament recently lifted an outdated ban on women working overnight shifts. Previously,  France's work code stipulated that "women can not be employees at any night job," though the rule was blatantly violated.  Under the new bill, women can work between the previously forbidden hours of 9 p.m. and 6 a.m. But the bill suggests women should only work nights in the case of economic necessity, adding that "resorting to work at night should be exceptional," and undertaken only as a means to "assure the continuity of economic activity."  We think this bodes well for the future of French corporations. However, we still see no special reason to invest here compared to the harder working Dutch/German male and female neighbors.

4.  “No one has jumped out of his or her office window on Wall Street. Could it be that things are not really so bad, or that office building windows do not open anymore?”
Kelly Lekowitz, President, Strat/Assist
HW: Both, of course.

"Everybody is looking to see if the Dow can get through 11,000. We're near some other key resistance areas: 1300 for the S&P and 2250 for the Nasdaq. There's definitely a favorable tone to the market now."
Guy Truicko, Unity Management
HW:  Yes, but for how long?

"We could test the old lows. But we feel more confident that now's a good time for long-term investors to take a look at their asset allocation. If you wait until you're absolutely certain things are going to be better and you know that we've reached bottom, chances are you will have already missed a good bit of the potential upside.
Timothy Swanson, head of equities, Wachovia Asset Management
HW: Not fair. Like all “investors” I just want to make tons of money with NO risk! J

5. The economy isn’t slow, it’s just lazy: read The Economy You Just Woke Up To.

6. READER: Why circa 2500 for NASDAQ interim peak?
HW: Like DJIA 10800, it is our year end trading target.

READER: I'd like your opinion on whether it might be a smart idea to exchange some (or all?) AT&T shares for shares of AT&T Wireless Group tracking stock? I just received the offer in the mail today, and was wondering if you had any insight?
HW: AWE is worth about $5 while T is perhaps worth 15-30. Therefore, while AWE may do better as a short term trade, T seems to be the better intermediate term investment.  I am electing to do nothing. 

READER: I am interested in the gold channel, I have traded some options and rolled stock my experience in trading as been on and off for about four years. What do you recommend?
HW: If you are unsure, try gold for 3 months for $500, which is less than the cost of one trade. Once you decide it is for you, then save money and subscribe on a yearly basis for$1500.

READER: Perhaps overzealous investors will drive the NASDAQ beyond its value, if even for a relatively brief time.
HW: It has been known to happen! Under “Don’t Fight the Fed” and “Markets Climb a wall of worry” mantras, the markets could be up for another 30 days or so, before........reality sets in. We will talk more about this in the next two weeks. Still before 2500, protect!

READER: Any thoughts on Sovereign (SSS) since it got up to 25 today?  Do you think it's worth holding?
HW: We see it as worth $40. We will be holding it until much closer to its value pricing.

READER: I have visited your site quite a bit in the past 3 months and find it very informative... ihi.v interests me, when is this company starting production? (I thought I read it was in June or August 2001, can you confirm, thanks)I'm thinking of picking up 10,000 shares.
HW: They are currently in pre-production.  Production begins late this summer with FULL productions expected this Fall.   For latest info, see www.ihi.ca or call their investor relations dept at 1-800-838-8090. Naturally, we still continue to like this company very much.

READER: Everybody is saying the NASDAQ is going higher, but it seems overbought to me. I believe you said it should at least make it to 2250 by early next week... and then look out! Is that still the plan?
HW: We begin looking out as soon as this Wednesday.  We will use trailing stops as we determine the rest of May.

READER: I'm starting to think this is an interim bear rally, i.e., only the second leg up. I'm afraid the next drop could send us down (eventually) to about 1100, especially if these rate decreases do not revive tech
earnings and there is no visibility until 2002. Do you still think that's highly unlikely?
HW: I believe it will be hard for the market to break  1800 again, just as I thought it would be hard for it to break 2200, 2000 and 1800 before.  1100 is not my bet THIS year.
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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"
wsnw@Afund.com 212/949-7211 Fax 212/949-7274 370 Lexington Avenue, Suite 416 New York, N.Y. 10017-6503
Author: INVESTING BY THE STARS, THE STUDY OF ASTROLOGY,TRADING BY THE STARS (01)
May 17,2001 Ninth Annual Astrology & Stock MarketConference NYC 
DISCLAIMER: PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE FORECASTING ACCURACY OR PROFITABLE TRADING RESULTS.
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.
ALWAYS CHECK WITH YOUR LICENSED FINANCIAL PLANNEROR BROKER BEFORE BUYING OR SELLING ON THE RECOMMENDATIONS OF THE ASTROLOGERSFUND Inc.
* 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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