WALL STREET, NEXT WEEK

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WALL STREET, NEXT WEEK: NOVEMBER 19, 2001
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER

1. NOVEMBER MARKETS
2. UP STARS/DOWN STARS
3. ASTRONUT
4. QUOTES
5. ON THE WEB
6. LETTERS

READING BETWEEN THE LINES
Merrill Lynch (ML) is now firing 15 percent of its investment-banking staff.  The firings are to include about 40 percent of their technology and telecommunications bankers.  They obviously plan on reducing TMT IPO’s and exposure- seems a tad late to me. Hopefully, they will be more respectful of media and entertainment bankers.  Why?
WSNW subscribers are strongly advised to study our 2002 Stock Market Forecasts now on our website.
Non-subscribers please note this will be public on January 1, 2002.
 
GOOD CONTRARIAN PLAY
President Bush, taking advantage of low oil prices and abundant supplies, last Tuesday ordered the nation's emergency stockpile of oil filled to its capacity of 700 million barrels. The first deliveries of about 60,000 barrels a day will begin in April with the transfers growing to 130,000 barrels a day by October.  Bravo. This is another small reason why we recommend selective long term accumulation of Energy Stocks such as BP, RD, SUN and VLO. Of course, Jupiter opposing Neptune on September 11, 2001 is the BIG reason.

ARE US MARKETS READY FOR DJIA 10,000 AND NASDAQ 2000?
While markets celebrated our forecasted Afghanistan victories this week, next week more sober realities are likely to be called up. There are some very savvy financial astrologers/fund mangers who will be using any weakness over the next 10 trading days to accumulate trading buys for December highs. We intend to buy on weakness until our first Nasdaq target of 1931 is reached.  One year ago, we thought the DJIA would close above 10,500 year end.  Are we still right?  Maybe, but if so, sell end of December and be flat early January!  Let us hope that investor fears of being IN the market do not become replaced with fear of being left OUT of the market.

DJIA 9409, SPX 1098 and NASDAQ 1782 are our current intermediate term support zones.
TRADERS:    Buy on serious weakness
INVESTORS: Take or protect some profits; however, hold most stocks for December rally.

KEYDATES:   November 19
DJIA:               9605 PIVOT-10,000 Resistance
NASDAQ:      1880 PIVOT-2000 Resistance
SPX:               1100-1150   
XAU; XOI      Both long term Buys
EURO:            BUY

Now THERE IS LIGHT AT END OF THE TUNNEL as Saturn-Opposition Pluto ends May 2002!
INVESTORS: FALL 2002 markets will be HIGHER than today.

2. The launch of the Chinese National Gold Exchange (NGE) November 28 may help Gold to rally. Of related interest Tiffany is opening its first store in Beijing at the Palace Hotel in December. Clearly there are a growing number of affluent customers in China and Tiffany has been setting trends since it opened September 18, 1837 in New York. Every article the company produced was stamped with a non-negotiable selling price- a ground-breaking idea at the time which lead to its whopping first day’s sales total of $4.98!  However, Jupiter does not enter Leo until August 2002. Given our 12 month target for TIF is 30 and DecGold is $310-$324, we consider both Tiffany and Placer Dome (PDG), currently our favorite gold stock, long term accumulates upon weakness.
WSNW subscribers please note we have updated our 7 favorite 2002 industry sectors on our premium Silver posting area: COMMUNICATIONS , COMPUTERS , ENERGY , HEALTH CARE , MINING ,  REITS and TRAVEL .

3. ABCNEWS.com : Study: Less Chance of Catastrophic Asteroid Strike
According to the Sloan Digital Sky Survey, the chance of a catastrophic collision with an asteroid over the next 100 years is about one in 5,000. That's a much sunnier prospect than previous estimates that concluded the chances were a third greater, or about one in 1,500. "It is clear that we should feel somewhat safer," said Zeljko Ivezic, an astrophysicist at Princeton University. The implications are clearly helpful for the insurance industry, reeling from the both effects of 911 and AA flight 587.  They are likely to continue to avoid underwriting future terrorist insurance and instead write more asteroid collision insurance.  This is in keeping with the industries long established practice of privatizing profits and socializing losses!  Therefore we continue to rate METLIFE (MET) an out perform to 32.

4. "What is driving the market higher is the level of liquidity coming through from the rate cuts. The market has taken heart from them and consumers are holding their nerve."
David Cumming, head UK equities, Standard Life
HW: Like all market professionals say and know: “Follow the money.”

"There are a lot of people like us who would make sales into this environment once you are getting close to 10,000 on the Dow and 2,000 on the Nasdaq. Valuations are definitely not cheap at these levels."
Ted Oberhaus, manager of equity trading, Lord Abbett
HW: So true.

"There is no doubt that inflation is not an issue right now, and is not likely to be an issue for the foreseeable future, which I would define as the next six to nine months given the weakness in the economy.
Anthony Karydakis, Senior Financial Economist,, BANC ONE Capital Markets
HW: As Jupiter will not oppose Neptune until September 11, 2002, you are safe given your “foreseeable future” time frame.

5. Sheer Lunar-cy

How Far Down?
“Most economists reckon that America's recession will be brief and mild. They are likely to be proved wrong”

Forbes.com: Seven Top Stocks From The Top Investment Letters

6.  READER: I also receive Ms. Noland's newsletter and she is looking for a VERY, VERY, NEGATIVE PERIOD from late DECEMBER to MID JANUARY. Does your work correspond?
HW: We expect to see most of the January effect in stocks occur in December 2001.  If markets rally far above DJIA 10,000 by then, I would be in agreement.

READER: Any advice on T and CPQ...I should have sold both when they were at 20...I had intended on them being long term investments, but am wondering if I should seriously consider putting this money elsewhere in light of resent problems with both of them.
HW: T I would sell 18-19. CPQ I believe can easily go to 11, but it will be hard for it to get much above that short term. If holding in a taxable account, I might think about switching to currently better investments.

READER: Good Call. What about SIFY?
HW: At current pricing of under $1 I like it for a long term buy.

READER: When I click on AFUND GLOBAL 12...2002 CANADA...2002 DJIA nothing comes up and I can't find them on the reg. web site.  What am I doing wrong?
HW: You may need to upgrade your browser to a current version.  These are in AFUND Premium Channels or the WSNW subscriber password protected part of our website.   Simply give your user name and password when asked.

READER: Do you still believe (personal friendship with Roger aside) that this will be a great investment with tremendous growth potential and the joint ventures will actually take place on or near the time or do you see the problems re delays of the past and the mentality that goes with it impose a threat to the future success.
HW: I am buying more shares of IHITF* at these insane prices every week personally.  I have my wife’s permission. Enough said!

READER: Thanks for the confidence in IHITF...I'm buying!!!  What’s your guess on GLW?
HW: An intermediate term buy to 9 with a possible sell circa 10.
 
READER: Does the information contained in the platinum subscription contain the info given in the silver and gold subscriptions? I can only assume that gold gives silver info as well and platinum gives silver gold plus a whole lot more.
HW: Yes, Platinum includes Gold and Silver, just as our Institutional subscriptions include Platinum.
In addition to the platinum posts in the AFUND premium subscriber area and a complimentary Cadbury subscription, we are available for comment on our Platinum subscribers primary market strategies and current and prospective positions, as well as occasional intraday questions on our view of the market immediate direction.  

READER: A guy I follow had a very important cycle between early September and late September, which covered the September 11 date.  I have been following his work for many years and when I first saw it I thought he was a nut, but unfortunately time has shown his work to be frighteningly accurate.  He has a very dangerous period between November 19 and 23.  I wanted to mention this to you and would like to know if your work has anything for those dates.
HW: Ramadan Monday is negative for the markets and there is more than average danger during the time you mention.  

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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                      
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.
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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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