WALL STREET, NEXT WEEK
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WALL STREET, NEXT WEEK: APRIL 26, 2003
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER

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

5/4 Lunar Eclipse 4:33 pm and Jupiter SD
5/17 Neptune and Jupiter SR
5/19 New Moon 0:52 am
5/20 Sun enters Gemini 12:59pm

2. NO INFLATION WATCH: THE COW JUMPS OVER THE MOON
Colgate-Palmolive [CL] just raised prices on its Hill's Prescription Diet pet foods joining a growing list of companies lifting prices to battle soaring commodity costs. The price increases are 3-4% on average. Several companies that sell food for human consumption recently announced price increases, as costs for ingredients ranging from meat to wheat have soared. Leading U.S. food makers are expected to raise prices by 2% on average, in the second half of this year.

It is possible that the reason Alan is no longer worried about deflation is that he had advance knowledge that consumers are also likely to see milk prices rise, probably to record levels, because the Agriculture Department is raising the minimum price paid to farmers to a record high. Of course Alan may not be worried because while Americans may have to pay more for milk, they've also been drinking less.  

We don’t believe corporate earnings are good enough to sustain a strong market rally past the seasonally negative time beginning May/June. However, markets (excluding fresh Iraq/Terror news) may not roll over for as long as one to six weeks. For example, Caesars Entertainment [CZR], the largest U.S. casino operator, first-quarter earnings jumped 93% from the surge in gambling on the Las Vegas Strip. However, its shares have doubled in the last 12 months and it sports a P/e of 53.  Along with other recent “winners”, this seems more a reason to sell on good news, then to buy, especially with Saturn preparing to attack both Bush’s and the US horoscopes. Federal Reserve Chairman Alan Greenspan, who says the US economy is clearly coming back, also appears sanguine on inflation and optimistic on U.S. economic growth. While to many analysts this suggests that the Fed is in no hurry to raise interest rates, short-term interest rates will have to rise at some point. While stating that "everyone knows (the 1 percent Fed fund's target rate) is going up," Chicago Fed President Michael Moskow said Friday that the rate hike's timing isn't yet clear. Apparently Fed astrologers are unsure about the effect of the May 4th 2:15 pm announcement horoscope. They are hoping for 30 days grace before the inevitable - a market drop below Dow 10,000.

THE 2004 US PRESIDENTIAL ELECTION
Our newest AFUND web post is a collection of web links to astrological forecasts as well as the stock market implications of the November 2, 2004 US Presidential Election.
This will be a continually updated work in progress. WSNW readers are encouraged to email me their favorite web selections on an as found basis.

HYDE PARK SOAPBOX: IRAQ
"Much like Lyndon Johnson's administration in 1964 and early 1965, it faces a fundamental choice: Does it escalate in an effort to salvage the mission? Or does it try to wind down this mission, declare 'victory' and go home? I certainly hope that this administration profits from Johnson's experience."
Ted Carpenter, defense analyst, Cato Institute
HW: My position is that bringing back the draft and increasing troop strength in Iraq should not be the administration’s primary job creation program.
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TRADERS: CHOPPY UNTIL MONTH END
INVESTORS: Seasonal factors will shortly favor bears. SELL ALL Taser (TASR)-like stocks in your portfolio and eliminate all margin holdings.  Own some TIPS and/or GOLD for the long term.

KEYDATES:       April 30, May 4th
DJIA:                   10,500 Support/Resistance?
NASDAQ:           2020 PIVOT
GOLD:                393 PIVOT

MARKET SENTIMENT IS STRONG OPTIMISM, PAUSE, THEN SLIGHT PROFIT TAKING.
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  <1800, GOLD > 400

3. Last week we recommended buying a second TIP’s position and the first of three gold investing positions at XAU 88 for intermediate term hedging for potential inflation risks. This week we advise the same if you don’t already own TIPS or Gold holdings in your portfolio.
WSNW readers can visit our S: 2004 Watch regularly for our list of stock picks and desired pricings.

Also given our view of that a stock market correction is almost certainly coming within 30 days of May 17, 2004, we have also been reducing our allocation of S: 2004 AFUND microcaps. However, we will continue to buy, trade and invest in special situations.
WSNW subscribers should please visit our premium post S: INVESTING WATCH for suggestions as to possible future buy and sell recommendations.
Note: We plan to post our 2005 AFUND microcap portfolio in November for the annual January microcap silly season plus.

4. As WSNW down under readers are aware, the Aboriginal woman known only as Moopor and clad in possum skins put a traditional curse on Prime Minister John Howard in retaliation for government plans to abolish Australia's top indigenous elected body.  Painted in traditional tribal makeup and wearing possum skins, Moopor stood silently and cast the curse by pointing an inch-long bone at Howard as he climbed into a waiting car. Howard smiled and waved at Moopor before leaving. This Curse on PM no joke, says Indigenous leader. Geoff Clark, the chairman of the ATSOC (Aboriginal and Torres Strait Islander Commission), said the curse was a warning for Howard. "Mr. Howard can ... ignore the message at his own peril and be put under a curse up until the next federal election." While it is not clear what effect the curse will have, it is clearly time to review Australian stock holdings as Aussie stocks near 2-year highs and convert some to cash in the bank earning 5% interest in the most undervalued and astrologically favored major currency H1 2004.
PS Westfield, which is creating the world’s largest property trust, is worth adding to your global REIT watch list for H2 2004.

5. "The markets were too enthusiastic, too far ahead of earnings, and they had not factored in other influences - a close election, geopolitics, interest rate changes - and the result is this volatility
Subodh Kumar, chief investment strategist. CIBC World Markets
HW: True.

"We don't know how long foreigners will be willing to hold our debt, both our massive rising federal debt, and massive foreign debt, and that is very troublesome."
Barry Bluestone, economist. Northeastern University
HW: The latest US Treasury report of foreigners' net purchases of U.S. assets are down but still healthy.  I await with great interest the June 2004 figures which could be VERY interesting indeed.

“It was reported … that there was no gain in real, or inflation adjusted weekly (employment) earnings for the past 12 months, but you probably did not see that reported by the financial media or discussed by any of the talking heads.  The silence of both the perma bulls and new bulls is deafening. This is consistent with our contrarian expectation that the coming second recession will be led by over-extended consumers cutting back to increase their income-based savings as the stock market and home prices predictably disappoint.
Bob Bronson, Bronson Capital Markets Research
HW: Isn’t reporting “bad” news un-American?

6. The Vote for President: What It Means for the Stock Market

When Fear And Violence Are Bullish
From Tasers to body armor, bomb detection to biometrics, security and terrorism stocks are sizzling.

Weiss: Prepare for the Worst
"My advice is to pray for the best, but prepare for the worst. Get your money to safety.
 
7. READER: Henry on shorting Yahoo, do you 20.00 as a bottom or 50.00?
HW: This depends on the overall market and whether NASDAQ holds support at 1900 or whether it breaks to 1800 and below. Remember YHOO is the type of short that one cannot short and hold.  If it moves up strongly, you have to get out of the way and reshort higher.

READER:  What do you think of buying short term Australian $ CD's?
HW: I think 6 month CD are excellent, but can you buy them?
READER: Apparently, they have to be purchased through a bank: Everbank 800/926-4922. Do you think 6 month CD is better than 3 month?
HW: Why not buy 2: 50% for 3 months and 50% for 6 months?

8. HERE WE TALK ABOUT AFUND CLIENTS

READER: The Gallery news came out but nothing exciting.  Also, if April is a good month astrologically for Gallery and this is the best that can be realized, then scary to think what will happen on a bad month…. Is the April auspicious time over for the company?  The news came out last week and no reaction in stock price.  Sort of went down…Sure hoping that the April auspicious time will be extended into the next few months.  May the stars be with us.
HW: While the survey was positive, it did not excite the market.  Gold itself was under attack in April. We just began to rebuy it last week.  However, this only represents about 25% of Gallery’s stock price. The only question is whether or not they eventually strike, which is often a long shot. Time will tell what the findings of the drill holes on Katie Property will be. 

READER: I hope the rise in IHI today was founded upon some info not known to market re good news to come rather than traders playing!!!
HW: I cannot comment on that.  Let’s just speculate that some savvy investors are realizing how ridiculously cheap IHI has been this past month and are smart, IMHO, to take advantage of this to accumulate larger or starter positions ahead of its June AGM.

READER: Does your IHI chart show that on 4/19/04, retrograde Jupiter was in opposition to the IHI career house and this caused the jump in price that day?  Also, on 4/30/04, Mars will be on the IHI Venus.
HW: Companies have more than one horoscope. Obviously, your chart shows it.
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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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