WALL STREET, NEXT WEEK

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WALL STREET, NEXT WEEK: APRIL 5, 2003
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER

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

1. THE NEW DOW
American International Group (AIG), Verizon Communications (VZ) and Pfizer (PFE) will be added to the Dow Jones Industrial Average, replacing Eastman Kodak (EK), International Paper (IP) and AT&T (T). The average's three smallest companies by market value -- will be removed from the 107-year-old benchmark. The changes will be effective with the opening of trading on Thursday April 8. Does this make DOW 11,000 more or less likely in 2004?

FULL MOON
Assuming markets survive the weekend, investors are looking forward to earnings season with high hopes that they will reflect strong growth.  Beyond select export oriented companies and those benefiting from financial arbitrage, Q2 outlooks are not really rosier.  We would be cautious buyers (trading) above Dow 10500 and sell below 10400.  We expect a very choppy week. We expect a top before April 19th. We also have plans to prepare us for the worst. Do you?

HYDE PARK SOAPBOX
“You certainly can't call this a jobless recovery any more," said Joseph Battipaglia, chief investment officer at Ryan Beck & Co. Companies Add Jobs, but Unemployment Up.
I have never called it that, but rather a “smoke and mirrors-mortgaging the country’s future-someday the piper will have to be paid-trend from a strong middle class to a nation of wage slaves”! I also didn’t believe in “Mission Accomplished” in Iraq, or that there is NO/low inflation. ALL JOBS ARE NOT CREATED EQUAL!  Where are the new quality jobs with good medical benefits and pensions? Being outsourced? Of course globalization is inevitable, but not necessarily how it is being allowed today- more to the true benefit of the overlords than the public at large.

TRADERS: Surprisingly choppy whether trending Down OR Up.
INVESTORS: Short term [H1 April 2004], the probability favors the bulls; H2 April 2004, the bears.

KEYDATES:       APRIL 5,6
DJIA:                   Dual Pivots: 10400 and 10500  10,000 Support/10,850 Resistance
NASDAQ:           2050 Pivot Support R1 1980 R2 2100 R3 2150

New Market Marker Sentiment:
Was: Optimism, pause, but no give back. Now: Strong Optimism, pause, then a slight give back.
DON’T BUY AND HOLD: BE LIQUID WITH A BALANCED AND DIVERSIFIED PORTFOLIO!
12/31/2003 EOD:    SPX   1111 DJIA 10453 NASDAQ 2003.
FAIR VALUE:        DJIA  <10,000,    NASDAQ  <1900, GOLD > 400

2. On the Dow, it's out with the old
“Being included in the Dow index does not guarantee profits. The four stocks added in 1999 have not fared well. SBC Communications (NYSE: SBC) has seen its share price decline by 53 percent, Microsoft (Nasdaq: MSFT) has dropped 46 percent, Intel (Nasdaq: INTC) has lost 30 percent in value and Home Depot's (NYSE: HD) share price has slipped 26 percent. “
Given the new, improved DOW, WSNW Subscribers may wish to revisit our newly updated premium post S: DJIA.
PS We still maintain our strong sell of EK to <22 and our watchful buy of T 18-18.50! Perhaps we will see this by the end of April or early May.

One way currency traders have taken advantage of high crude oil prices has been to buy sterling and the Norwegian crown, whose countries export oil and have shown the strongest positive correlations with high oil prices. Norway's oil and gas products represent 57.7% of its total exports and is the most direct play on Oil. Besides high Oil prices, more good news for Norway was seen in the latest figures by Aetat, the Norwegian directorate of labour, showing 3.9% March unemployment, down from 4.1% in February 2004. However, our two core Norwegian picks, Statoil (STO) and Norsk Hydro (NHY), are trading near their 52 week highs. We would therefore watch and wait before recommending additional buying, unless you are in the $40 Oil camp (which we are not). We are also watching Petro GeoService (PGEOY).

3. Every year, more than 1.2 million people die in motor vehicle crashes and an estimated 10 to 15 million people are injured. In response to the growing number of traffic deaths worldwide, the World Health Organization (WHO) has chosen the theme of "Safe Roads" for World Health Day on April 7, 2004.  WHO: World Health Day 2004: road safety To increase safety belt use, AAA is planning to highlight strategies proven to be effective, such as educational campaigns and implementation of primary seatbelt laws. Individuals can also play a major role in fighting this global problem. The good news is that these efforts don't require a medical degree. Steps that can be taken to improve traffic safety include wearing a safety belt, obeying traffic laws, avoiding distracted driving and knowing your personal driving limitations. Now how will this affect auto sector stocks? Far less than rising gasoline prices which will hurt the fuel inefficient US auto makers GM and Ford. We continue to recommend Japanese Honda (HMC) and Toyota (TM) as obvious long term sector out performers.

4. “We're in a market that is going to be much more complicated and difficult, with bigger moves up and down, and that may persist even up to the election."
Woody Dorsey, president, Market Semiotics
HW: Agreed.

"It is a big positive surprise that provides more conviction that the economy will gain momentum in the second half. I think a good figure was in the market, but a great figure was not."
Michael Metz, chief investment strategist, Oppenheimer
HW: You are trying to tell me the emperor is actually wearing clothes?

"Obviously, the currencies that should be direct beneficiaries of high oil prices are those whose countries export oil. And that would be the Norwegian crown, British pound, the Australian and Canadian dollars,"
Peter Schiff, president, Euro Pacific Capital Management
HW: Obviously.

5. Market Rally Will Be The Dawn Before The Storm
“Curtis Hesler is predicting a strong rally. He warns that investors should use it to take profits and buy gold.”

6.  READER: Many financial Astrologers believe that Saturn in Cancer will cause a bust in the housing market.  However, I heard one Astrologer say that is not the correct interpretation.  They said that Saturn in Cancer will cause a scarcity of housing NOT a depression in the prices of houses.  Perhaps, they are right and that's why the real estate market continues to be HOT because with "supply" down...prices HAVE gone up.  Saturn has been in Cancer for about 1 year...so, which interpretation of Saturn's influence is likely to be correct:  Scarcity causing prices up...Or, the depressive effect that causes real estate prices to come down?  Do you think that it will take Saturn Conjuncting the USA SUN for a real depression in real estate to begin?  Which way to YOU interpret Saturn's effect on the real estate market?
HW: I don’t see a scarcity in housing, although there is significant demand. I see extremely cheap interest rates and an election as the culprit. Remember with Saturn in Gemini most of the damage for telecoms came at the end, not at the beginning of Saturn’s ingress. Despite record housing prices, equity ownership is at near record lows. A good drop in the market may cause massive negative worth for many home owners!

READER: I am trading futures intraday and I don’t have so much use for the Silver Investing Subscription. Will the Gold subscription be better? In what way are Gold and Platinum different?
HW: Gold gives a daily market commentary. This relates to SPX and NAS futures with forecasts of which days are likely to be up or down and to what price targets.  Platinum is for money managers with global portfolios.  I do offer futures work intraday in the SPX, Nasdaq and currencies. This is very expensive. You might wish to try the Gold for a quarter and see first if it is helpful to you.  It may be enough and is not expensive.

7. HERE WE TALK ABOUT AFUND CLIENTS

READER: Sad but just more window dressing [IHI News Release April 2]. Where are the confirmed sales?
HW: First of all, wasn’t it very well timed? Didn’t US markets move up right after its release? Coincidence? Second, the appointment of Mr. George F. Hamann is more than window dressing. It shows the caliber of the industry people who wish to associate with the company. As to your last question, is April/Early May over?  I don’t think so.

READER: Are you STILL BUYING? This is getting to be a joke.  I don't understand why there is NO INFO from the company. What the hell is going on? I am getting much closer to need in your spare room!
HW: It is often darkest before the dawn. [An IHI press for Q1 2004 was in fact released the next day] We are very close in price and time for a buy.  I have been waiting to see how much dumping there would be first.  I see April/May as another, I repeat another, and recommended time to accumulate more very under valued IHI stock if you are long term investor. Q1 2004, the Company continued to work at its customary tortoise vs. hare pace.  However, given new blood that is now being added, I expect this to pick up short to intermediate term.
PS I will ask Roger for a quote on an IHI home addition, if and when needed by you. In Manhattan where I live, one tends to keep a low inventory of spare rooms.
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(c) 2004 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 13-15, 2005 Eleventh Astrology & Stock MarketConference   NYC
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