WALL STREET, NEXT WEEK

Financial Astrology for successful investors and traders"   
 
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WALL STREET, NEXT WEEK: September 3, 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

According to WSJ, short interest in Nasdaq stocks rose to a record level for the third month in a row. That of course is a compensatory positive market factor. “Market watchers keep saying there is a light at the end of the tunnel for technology companies, but the tunnel keeps getting longer and longer’ according to Harry Strunk, an investment advisor in Palm Beach.”  Not so! The tunnel length is defined by combining Saturn-Pluto aspects series ending May 2002 and the beginning of the Jupiter Neptune opposition series September 2002, in time for the midterm elections!  Naturally, markets anticipate several months in advance these changes in cosmic weather.
 
Last week, Japan's unemployment rate hit a record 5 percent, the highest level in nearly 50 years, while its stock market fell to 17 year lows. US Consumer confidence “unexpectedly” fell in August.  Unexpected by whom? Who says you can fool ALL of the people ALL of the time?    Be that as it may, next week will be an interesting test of the market, with both the Sun and Moon T-squaring and therefore potentially activating aspects of the Saturn-Pluto opposition.  A number of technicians are measuring current poor investor sentiment and expect a  "shake out".  They would ideally like to buy just AFER smaller investors, those that have been the long-term believers in this Market, will need to finally give in to Market pressures.  That could happen with a retest of the Spring lows or with the longer term October 1998 lows. I just don’t see it getting “that bad” that soon.  Maybe next year or in 2003.  Still, be VERY cautious about using margin and CASH will increasingly become king.  Remember:

IT’S NOT OVER; IT’S JUST BEGINNING: Saturn-Opposition Pluto ends May 2002!
Prepare for the worst -  If you are prepared, you can manage and prosper if things go better which is likely.  We see September as ending essentially flat.  However, this first week of September this major aspect can be further triggered by T-squares of Sun and Moon.

KEYDATES:       September 7
DJIA:                   10,000 PIVOT
NASDAQ:           1800 PIVOT
US BONDS:        Continue distribution
EURO:                 Continue long term accumulation

2. SONY (SNE) which is now at 52 week lows and likely to be priced under 42 is quite a coup.  This is for long term investors who wish a relatively risk free 20% appreciation within 18 months. We will buy it within the next three weeks as cheaply as market conditions will allow: 42? 40? 37?  For intermediate term traders, there is need to hedge the Yen which, while objectively fair valued, is liked to depreciate to 124.  Remember: You own Japanese projects in your home, why not Japanese stocks in your portfolio?

3. Pierce Brosnan will drive an Aston Martin V12 Vanquish in the next Bond film, discarding the BMW Z3 roadster and 750iL that were his car toys in the last three films.  "We are thrilled that Bond fans will get to see James Bond back in the Aston Martin," said Robert Levin, an executive at the MGM studio making the film.  More thrilled is Aston Martin's owner, Ford  [US:F], which has won a major publicity coup by driving BMW out of the picture. Ford hopes the starring role will help sales.  We are not so sure and continue to rate Ford (F) an under perform, at least until Bond reappears on film in 2002.

The Economic Times recently reported that imports of foreign cars into India has virtually stopped, and it's not because of the high import duties alone. The cost of homologation - adapting a car for local conditions - is adding lakhs to the final landed price, which some top-end models could be up to Rs 2 million.  Therefore, like Ford, we are avoiding fresh investments in Indian Adrs until past the rainy season at least.  Another reason to wait is
ABCNEWS.com : India: Turn Off Sex and Turn on TV [http://www.abcnews.go.com/sections/world/DailyNews/india010831_TV.html] -
“Call it birth control by the airwaves. At the prodding of its health minister, India has decided to make TV sets cheaper, hoping to keep couples glued to the shows — and away from each other. ‘Entertainment is an important component of the population policy,’ the Times of India quoted health minister C.P. Thakur as telling lawmakers in parliament. ‘We want people to watch television.’” Although the birth place of the Kama Sutra, it seems better to review Indian media properties!  In the meantime, we will stick to the tried and true computer stocks and pharmeuticals once closer to value pricing and the next global IT rally.

4. “The equity markets still haven’t realized the full extent of the economic slump.  We still have a runaway mania in equities, especially in Nasdaq. Earnings have evaporated and prices are still high. In fact, Nasdaq stocks now have an infinite P/e ratio….Both Alan Greenspan and the President are losing credibility, and that’s not a good sign.
HW: Yes, but a sign that financial astrologers saw coming and warned investors about.

"It's a hunt-and-peck type market. Bargain hunters are looking for specific issues, and their timetable is extremely short. It is an in-and-out mentality."
Alan Ackerman, executive vice president, Fahnestock
HW: One reasonable

"People are starting to look at the glass as half full, with the bulk of the disappointments likely behind and earnings comparisons to get easier sequentially."
David Powers, senior technology strategist Edward Jones

5.  Yahoo - Bear Market May Be Investor Opportunity [http://biz.yahoo.com/rb/010901/business_markets_stocks_dc_2.html]

6. READER: RE: US BOAT LISPING…. dog paddle,  butterfly or backstroke... which will you use???
HW: I will continue to replace with Eurostock twins: DT for ATT, VOD for AWE, NOK for MOT, etc.

READER: Still recommend DT? Price?
HW: Yes we do.  We believe it is undervalued under 18 and so obviously like it at current pricing.  My recommendation is to whenever you think the market won’t collapse, which means buy sometime after October or before October.

READER:  IBM new high confidence target is 84.30.
HW: I will be happy with 95! Depending on when- as I don’t’ believe our 8800 will be taken out on the DJIA.
READER: For Sept low probably not... but come Oct. could retest Oct 98 lows..... IBM target is high confidence   ... don't fade it.........
HW: Well, then, perhaps I should buy at 92 or  half at 95 and half at 85 in case you are right. If this Friday is positive and not negative, however, we may just buy at 95.

READER: Do you have a daily commentary on the Silver program, or does that have to go to the Gold package? Also, Does the “Daily Commentary” give suggested directions for the markets each day?
Hw: Gold is for traders and includes our daily market commentary.  Silver is for investors, and does not.
Yes to your second question.

READER: "Wednesday with its revised GDP is a market marker day" and your definition is in the absence of other influences, astrological and news", that is how the market is likely to act over the next market cycle ... but if the market has, say, a positive reaction then that is how the market is likely to be (in this case positive) over the next market cycle  ...so what is your definition of "next market cycle" time/duration)?
HW: It varies with astrological influences each year. In this case, we are looking to the next market marker day September 13 for blending [rather than replacement] of the rather negative influences earlier.

READER:  Only good thing about IHI price is I am buying this week for friends, family etc and my hairdresser will go in when I see him next week! How likely is it about the rumour re getting a contract with Olympic Games?
HW: I don’t comment on rumors.  IHI* has interested parties from all over the world constantly expressing interest.  It is my understanding that IHI will not be accepting orders until October.  If you cannot wait until then, take a look to IHI’s Greek locational maps: Jupiter enters prominence beginning this September.
 
READER: Do you have a price target for buying MSFT?
HW: This is difficult.  We did suggest earlier buys at 40 and 50.  Clearly those numbers, or better, would be ideal, given strong astrological favorable factors beginning mid-month.  MSFT is a cash rich but very overvalued stock (IMHO), and one with a business strategy that is increasingly failing.   If you like the company and want to own it, and if the markets correct over the next week or two, buy it or wait until October in case the market collapses. Should that happen, buy it with more confidence, as it will be closer to its value pricing of about 37.
 
READER: Can you give any estimate as to when I can sell my CCCA*?
HW: I wish I knew.

READER: I was trying to get into AFUND 20 Telecom Stocks 2001/2... I need a username and password. Does my subscription allow me to get into this area?  If so, do I have a USID and password
HW: Yes. You can access all silver premium posts as a Wall Street, Next Week Subscriber. Your user name is XXX,  password is XXX.
 
READER: Congratulations you have had some really good calls lately. Please clarify this question for me.
What exactly is your definition of a pivot?
HW: Our price pivot defines our day trading strategy: Above it, I prefer to trade on the long side; while below it, I would sell/short.
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(c)   2001 All rights  reserved.  The Astrologers Fund  "Always a Stellar Performance"
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Author: INVESTING BY THE STARS, THE STUDY OF ASTROLOGY,TRADING BY THE STARS (01)
May 17-19, 2001 Tenth Annual Astrology & Stock MarketConference   NYC                      
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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.
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* IHI and YJT are AFUND clients.
** From Cancall (O.CCCA) 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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