WALL STREET, NEXT WEEK

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

SPECIAL EARLY EDITION JULY 26

1. August 4 Full Moon
August 5 Saturn opposite Pluto
August 18 New Moon
August 22 Sun enters Virgo
August 23 Pluto SD

2. THE DECLINING US DOLLAR
We cannot warn too strongly, the US dollar is overvalued and will continue to fall over time. The US government PR machine has already begun to extol the virtue of a cheaper US dollar. Research beaten down US exporters and/or select blue chip European manufacturers, but there is no rush to buy.
Remember: U.S. corporate earnings are more likely to get worse, before getting better. Investors and analysts have yet to react to negative 3Qtr 2001 growth.
We continue to recommend 1) raising cash and 2) buying quality stocks having low analyst expectations.

ACCUMULATE QUALITY UNDERVALUED STOCKS
We were delighted to pick up UNDERvalued Nokia shares recently.  We hope to do the same for our DJIA favorite, IBM. IBM is a buy 98-102, but we will probably wait until the first two weeks of August, just in case we can get it even cheaper (95?). While I am now more bearish than bullish, my views are VERY stock driven, rather than broad market driven: Stock Picking counts! This is the first time this century value investors can buy and hold for the long term, a stellar global blue chip portfolio. WSNW subscribers should periodically review our new premium post AFUND GLOBAL 12 to follow what we are buying and want to buy at “the right price”. Naturally, if you can buy cheaper than our numbers, do so. If you already own these stocks, you may consider doubling up or buying again for a positional trade.

TRADING RED ALERT (July 26-August 8): raise cash, place stops, write covered calls and/or buy puts.

KEYDATES:        July 27, 30, August 3,8
DJIA:                   9800-11,000
NASDAQ:           1800-2222
CANADA:           Selective Accumulation on weakness
EURO:                 Continue long term accumulation 93-1.05
US $:                    Continue distribution to 108
GOLD:                  Buy

2. “We have made a number of changes in our Canada 25 portfolio.  Several stocks have been deleted while additions include Bombadier (BBD.A-TO, MacDonald Dettwiler & Associates (MDA), Celestica (CLS) and Franco Nevada (FN-T).

CANADA FACTS:  Canada's crime rate fell for the ninth year in a row in 2000.  Canada is largely a peaceful nation with strong gun control laws and much safer than neighboring United States.  It is the number one foreign destination of American tourists, being clean, friendly and cheap.  Unfortunately, in winter, it is more than a bit chilly, with the exception of B.C.
Given our agreement with the World Bank that Canada will be the best performing G7 country in 2002, and that we expect its currency to appreciate between 2% and 4% against the US$, we plan to increase the weighting of Canadian companies in our portfolios.  We recommend intermediate term accumulation of stocks AFUND rated 1-2.5, as long as the TSE 300 remains in the 7000-7700 ranges.”
WSNW subscribers should visit our premium post 2001/2 CANADA.

Last week Goldman Sachs lowered its earnings-per-share forecast on International Business Machines (IBM). Analyst Laura Conigliaro cut IBM’s 2001 EPS estimate to $4.60 from $4.73, and the 2002 projection to $5.25 from $5.45.  "Since the health of IBM's business is very much intact, we would view the inevitable reaction in the stock as a time to buy," Conigliaro said. We agree with the fundamentals of the forecast, but would refine the timing as follows: Buy over the next 10 days at 98-102 OB.
"The winners in our industry are going to be the services companies. As you think about the technology sector in 2002, you will not find a company with greater momentum than IBM."
John Joyce, IBM CFO
HW: I am a believer. This sounds to me like the right kind of insider advice to me.

4. Forget about miniskirts and super bowl market indicators. CORPORATE JET policy is what the Astrologers Fund analysts watch. Markets react when companies announce changes in their corporate jet policy. For example, last Friday Lucent (LU) announced it was selling one of it corporate jets. What happened? Its stock rose 5% that day!

Did you know that American Express has introduced a Private Jet Charter Program for their Platinum Card members? This new benefit enables Card members to book private air charters that cater to their schedules and specific travel needs. So despite its quarterly profits tumbling 76 percent due to losses
in its junk bond portfolio and a sluggish economy, we are upgrading American Express (AXP) as an intermediate term buy at 36 OB, with an intermediate term target of 40 and longer term to 44.  However, should a “jet challenged” financial blue chip decide to bid for AXP, we could see 48-52 for the price of this planet ticket.

Rev. Hans Bok reported an apparent rash of suicides among Dutch farmers whose livestock were slaughtered to contain the foot-and-mouth epidemic earlier this year. One man hanged himself a day before his farm was to be cleared. Another died from poison. Trudy van Tuyll, a spokeswoman for the Foundation for Farmers and Cattle told of one truck driver from the eastern town of Kootwijkerbroek who committed suicide after he was ordered to transport animals to the slaughter house.  Bok said it was impossible to attribute all the suicides directly to the disease. "The epidemic could have been just the last straw."  All told 260,000 animals were destroyed at an estimated cost of 3 billion guilders to the Dutch economy.
Police declined to comment on the reports. Recently, the AEX was trading around our 2001 value target of 540.  So while the epidemic was declared officially over last month ago, we have decided to review ALL our AEX stocks this quarter with possible downgrades to hold from outperform for most except for the bluest of the blue.
WSNW subscribers should visit our newly revised premium post AFUND Dutch 12 2001/2002.

5.  "I think that in the technology companies we're probably getting close to a bottom. We're getting lower interest rates. Now all we have to do is wait for earnings to improve."
Robert Harrington, co-head of listed block trading, UBS Warburg
HW:  4th Qtr 2001 and 2nd Qtr 2002.

"We've always looked at [gold] as an insurance policy and after a 20-year [gold] bear market, it's a cheap insurance policy. If something goes wrong to the point where financial assets get into real trouble, the upside in gold and more so gold stocks is tremendous and can offset substantial losses incurred in financial assets."
Jean-Marie Eveillard, manager, First Eagle SoGen Gold fund
HW: As with life insurance, I am often happy to pay the premium and NOT collect!

"Job layoffs are continuing, but the rate of layoffs is no longer increasing. This is still best described as less-bad, rather than good, news -- but all economic turnarounds start this way."
Ian Shepherdson, chief U.S. economist, High Frequency Economics
HW: But I thought it was "different" this time?

6.  READER: PHM and CTX are looking very good.  I have on record that you see CTX at 52 in twelve months.  What are your short term and long term targets for these two stocks?  Right now after less than 8 weeks invested I'm at 15+% on PHM and 22+% on CTX.  Maybe its time to cash in and pick some other winners?
Also, STEM so far is holding its own on the political battle front and I have done well.  Are we all waiting for the big Bush decision?
HW: The answer depends on whether you are trading or investing. Certainly both building stocks are undervalued. On the other hand, you already have a profitable trade that could be sold or closely stopped.  As to STEM, we have traded this once to profit, rebought it, and are now waiting for the “Bush push” 8-10.

READER: What is happening to my Celsion (CLN)?
HW: Nothing seems to be particularly wrong with it, except its stock price. I still like it. If it is still down by Christmas, if not before, and there is no new “bad” news, I plan to add more to my positions.

READER: [RE: Nortel (NT)…if C$10/10.50 falls ->7.70 area. Nortel keeps experiencing bearish reversals - like today.
HW: I will be happy to begin accumulation in the C$10.50 zone. I don’t see the 7.70 target as realistic.  However, we are naturally waiting to begin AFTER B-Day.

READER: I do want to thank you for your website and it's information on it regarding IHI.…
HW: Excellent news. Its story keeps getting and better. I recently learnt that IHI* can build a commercial structure one floor a day, that is, a 30 story building can be built in 30 days on site, a 60 story in 60 days!  I am beginning to believe that their 10 year public goal of 1% of the world market may be far too conservative!
We are approaching the August/September time frame for IHI that we both see as astrologically very favorable…. I would be a very, very scared short.
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PAST WALL STREET NEXT WEEK REPORTS
            Thursday, listen to our ABS radio program TRADING BY THE  STARS.
            ( c) 2001 All rights    reserved.      The Astrologers Fund  "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 17-19, 2001 Tenth Annual Astrology & Stock MarketConference   NYC                      
DISCLAIMER: PAST RESULTS ARE NOT NECESSARILY INDICATIVE  OF  FUTURE FORECASTING ACCURACY OR PROFITABLE  TRADING  RESULTS.
INVESTORS ARE REMINDED TO PERFORM THEIR OWN DUE DILIGENCE BEFORE MAKING ANY INVESTMENT DECISION. ALWAYS INDEPENDENLY INVESTIGATE AND FULLY UNDERSTAND ALL RISK EFORE MAKING ANY INVESTMENT.
The Astrologers Fund Inc. Accepts No Liability Whatsoever   For Any Loss Arising  From Any Use  Of   Its Report Or It'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 depending on market conditions and personal  financial conditions.   This InformationIs  In No Way A Representation To Buy Or Sell Securities,  Bonds,  Options Or  Futures. This information  is not intended to be used as the sole basis of  any investment decisions,  nor  should it be construedas advice designed to meet the investment needs of  any particular  investor.
ALWAYS CHECK WITH YOUR LICENSED  FINANCIAL PLANNER OR  BROKER  BEFORE BUYING OR SELLING ON THE RECOMMENDATIONS  OF  THE ASTROLOGERS FUND  Inc.
* IHI is an AFUND client.
** We will be reporting on Cancall (O.CCCA) over the summer.    This   is a company that I received 2 million shares (free) with  10 million    additional   shares optioned at .02. I have also bought in the open market for clients  and myself. Naturally I am MOST eager to see them become VERY   successful.
          
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