Wall Street Next Week JUNE 14, 2004

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

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WALL STREET, NEXT WEEK: JUNE 14, 2004
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER

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

MUNDANE ASTROLOGY 101
PLUTO (Intensity) MARS (Violence):    Recent Saudi Arabia terrorism
SATURN (Testing) Bush SUN (Self):     Lowest approval rating of his term
SATURN (Leaving) Bush SUN:         Tenant (high profile departure)
SATURN (Leaving) US SUN (Leader):     Reagan Death (high profile departure)

While markets continue to climb a wall of worry and debate whether Alan will raise rates ¼ or ½ point June 30th, a majority of economists at Wall Street's largest bond-trading firms believe that The Federal Reserve will at least double its 1 percent interest-rate target for overnight loans between banks by year-end. If so, the Fed will remain behind the curve. Be that as it may, the Pluto/Mars and Saturn/Aspects remain dominant in June. While it can be argued that the Gods have been appropriated by the above four events, there still remains a high risk for more such astrologically appropriate terrestrial events. Hence our MARKET RED ALERT to June 16; MARKET ORANGE ALERT UNTIL JULY 11.

TRADERS: Tuesday CPI may be an eye opening for no inflation Bulls.
INVESTORS: The next 10 days offer an extremely poor risk/reward for Bullish investors. They may not soon forget the old Wall Street Adage: “Sell in May, then go away.”

KEYDATES:        JUNE 15, 16, 18
DJIA:                   9800 Support 10,500 Resistance
NASDAQ:           2000 PIVOT
GASOLINE:        TRADING BUY

MARKET SENTIMENT IS NOW WORRY AND SOME FEAR, BUT NOT PANIC.
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 <9800,    NASDAQ <1800, GOLD > 400
While the internal Stock Market astrology, as in 2003, is mixed, the external risk potential is horrific!
Short term, If you were unhappy about markets March 2000 and September 2001, don't expect to be singing in the rain June 2004! THIS WEEK OR NEXT INVESTORS MAY UNDERSTAND WHY WE HAVE BEEN RECOMMENDING EXTREMELY HIGH CASH POSITIONS.

2. Property prices in Australia are falling in mid-2004, while company profits are rising. As a result, investors are returning to the share market, pushing it to record levels. Australia's largest broker, Commonwealth Securities, believes that the materials sector offers the best prospects, forecasting returns of 44% for the next year. Furthermore, Ian MacFarlane Reserve Bank governor said the “normal” range for Australian rates was 5.25% to 6.25%. Coupled with astrological indicators, this is why we are bullish on the Australian Dollar. Outside of holding A$ in bank CDs, our current favorite “accumulate on any weakness” Australian stock is BHP Billiton (BHP).

3. Supermarket offers shoppers chance to win a job
“A supermarket in Brazil is attracting shoppers by giving them the chance to win a job. Customers who spend more than £6 at the supermarket, in the town of Colombo, are entered into a draw. The holders of the first two tickets drawn will be given a guaranteed job for six months.” This does not inspire great confidence in the Brazilian economy at this time; we remain underweighted in Brazil.
Conversely, the Motley Fool Don't Blame It on RIO believes that “There are systemic risks to consider before investing in Brazil. The country has a long history of volatile growth rates, inflation, and interest rates. There is reason to think that Brazil could do well here.”
Perhaps, but the three AFUND key holdings there, AMBEV (ABV), CVRD (RIO) and RIO PETROLEO BRASIL (PBR) are recommended to be held and/or distributed according to their memberships primarily.

4. “The fear is that we're seeing an earnings deceleration, not typically good for the market.''
James Grefenstette, manager, Federated Growth Strategies Fund
HW: Fundamentally, things just are NOT really good for the market.

“There's going to be earnings disappointments coming by the third quarter. We don't think the forecasts that are out there reflect the changes in the economy.”
Peter Wall, chief investment strategist, Chase Personal Financial Services
HW: I agree.

"In the past three months, markets have priced in an incredible number of negative factors with terrorist attacks, high oil prices and the prospect of Fed rate hikes, as though these worst-case scenarios could all happen at the same time. This means we now have ahead of us a potential for good surprises as all this bad news won't materialize."
Eric Mijot, head of equities, SG Asset Management
HW: Yet we do have terror attacks, high oil prices AND fed rate hikes! I don’t follow or agree with the logic of your reasoning

5. Investing: Is It Time to Lighten Up on American Stocks?

Pimco's Arnott Shuns Stocks and Bonds, Waits for Prices to Fall
“Almost everything is moderately to significantly expensive,'' said Arnott, 49, who uses mathematical models to evaluate markets. The mutual fund's cash ``will let us pounce on opportunities if any market becomes attractive.''

So, Numbers Don't Lie, Hmmm?

6. READER: Whatever happened to de beers? Did the company go private? What do you consider to be the major diamond company traded on U. S. exchanges since de beers appears to be unavailable?
HW: It is owned by Anglo American (AAUK), one of the world’s largest mining and natural resource companies, with a wide range of interests in gold, platinum and diamonds. You can also look at Aber Diamonds (ABER) which now owns 51% of Harry Winston as well as Australian Billiton (BHP) which operates seven segments: Petroleum, Aluminum, Base Metals, Carbon Steel Materials; Diamonds and Specialty Products; Energy Coal, and Stainless Steel Materials. Note while BHP is not a pure diamond play, it is a good currency play (A$) and sports a relative cheap P/e.

READER: Subject: NYSE will close Friday for Pres. Reagan's State Funeral Interesting - Sun op Pluto early that A.M.
HW: It is almost makes you believe that there is something to Astrology after all!

7. HERE WE TALK ABOUT AFUND CLIENTS

READER: regarding AGM IHI, Just want to know if it would be worth attending or not, because it is possible I will be in the US that time, so I could maybe pass by Vancouver. Will any new info be released, who is present there? The whole management? How long does it takes? Is there a factory visit?
HW: The AGM takes place at the IHI Delta Factory, so you would get a factory tour. If you have never seen it, that would make the trip worthwhile. Management should be present. Whether new news will be released at the meeting, I don’t know. However, even if I did, I couldn’t say. Finally, I believe any excuse to visit beautiful Vancouver would make sense. I will be in Vancouver from June 25 to July 2.

READER: Jupiter will hit the IHI 4th cusp on 6/11.   The party begins. Do you agree?
HW: A number of astrologers do agree with you and perhaps they were among the bottom-fishing buyers yesterday [6/10] when IHI moved up 25%!
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