Wall Street Next Week JUNE 28, 2004

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

Subscription rates investing edition are $360/annual; $125/Quarterly.
Subscription rates trading edition are $1500/annual; $555 Quarterly.
Subscription rates money managers edition are $10000/annual; $3000 Quarterly;
Institutional rates are $3000 per month; $25,000 annual.
Stop reading Wall Street, Next Week, last week: YES, I WANT TO SUBSCRIBE

WALL STREET, NEXT WEEK: JUNE 28, 2004
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER

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

June 29 Venus SD
July 2 Full Moon 7:09 am ET
July 17 New Moon 7:24 am ET
July 22 Sun enters Leo 7:50am
July 31 Blue Moon 2:05 pm ET

2. IS THE SUMMER RALLY ALREADY OVER?
We will know better July 1. Wall Street's top economists all believe that the Federal Reserve will raise federal funds rate .25% to 1.25 percent next week and follow that with another .25 move in August. I agree, with the caveat, it may be necessary for the Fed to raise rates more - .50 - in August. Second quarter earnings season are also about to begin, and a new market tone will commence July 12 and last well into the Fall.
Remember: MARKET ORANGE ALERT TO JULY 12.

GUEST HYDE PARK SOAPBOX
Lord Oxburgh, chairman of Shell Transport and Trading is worried by the threat of climate change. He sees "very little hope for the world" unless there is a reduction in global carbon dioxide emissions. "No one can be comfortable at the prospect of continuing to pump out the amounts of carbon dioxide that we are at present," "People are going to go on allowing this atmospheric carbon dioxide to build up, with consequences that we really can't predict, but are probably not good."

TRADERS: New Market sentiment July 1-12.
INVESTORS: Market remains on Orange alert until July 12, 2004.

KEYDATES:       JUNE 29, 30, JULY 1
DJIA:                   Breakout Zone: 10320<>10480
NASDAQ:        2000 SUPPORT/RESISTANCE?
OIL:                    Traders Delight

NEW MARKET SENTIMENT STARTING JULY 1.
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 > 408
While the internal Stock Market astrology, as in 2003, is mixed, the external risk potential is horrific!
If you were unhappy about markets March 2000 and September 2001, don't expect to be singing in the rain JUNE 2004!

3. Canadian economy ‘surging' For the first time in 20 years, Canada has a higher labor force participation rate and a lower national debt than the United States! In fact, Canada is the ONLY G-7 country expected to be in surplus in 2004. Many (including yours truly) predict a 78-cent (U.S.) loonie by the end of 2005. On June 23rd I had the pleasure of attending TSX Canada day in New York. Accordingly, I have decided, somewhat belatedly, to add the TSX (X-T, TSXPF) itself in our Canada 20 AFUND portfolio. Given my market apprehensions, at least until July 11, I would not buy it yet, although a sector hedge now such as Buy TSX-T/Sell CME is likely to be intermediate/long term profitable.

I will be visiting Canada June 25th to July 2nd . Canadians plan to celebrate their July 1st Canada Day celebrations with friends, family and fireworks. Canada’s 137th birthday will be buoyed by an auspicious solar return horoscope. Accordingly, we are predicting our northern neighbor will be the top performing G7 country post election (theirs and ours). In addition to any stock appreciation, US investors are likely to benefit from a 5-7% currency appreciation vs. the US dollar before the end of 2005.
Just as last year- our mantra was Buy Japan (You own Japanese products at home, why not, Japanese stocks), later, this summer, it will be: Canada is for sale- why not join the Party?
Note: One SRI list of possible investments is Corporate Knights Canada's Best 50 Corporate Citizens.
US investors might also consider parking some of their cash holdings in the loonie as well.
WSNW subscribers are again recommended to periodically review our S: 2005 CANADA portfolio.

4. Tiffany sues eBay for sale of fake jewellery
“Tiffany has sued eBay over what it claimed was the widespread sale of counterfeit jewellery online, … The high-end US jeweller said its tests had shown that 73 per cent of items advertised by sellers on eBay as being from Tiffany were fake, and that eBay should be held liable for trademark counterfeiting and infringement.”
We are not overly fond of even high-end retailers for Q3 2004, although we continue to maintain an outperform rating for Tiffany (TIF), coupled with a neutral to negative sector rating for retail. Should Bush win, I believe TIF will continue to outperform, as it will again be a prime recipient of tax cut spending and fat Christmas Bonuses. As for Ebay, with its 100+ p/e, I maintain a Short Watch on it despite some good longer term fundamental strategic moves such as buying Baazee.com, India's largest online marketplace. We periodically recommend selling Internuts, taking quick profits (or small losses) and selling it again and again and again. Our current Sell/shorting area is 87-92 to P1 80 and below.
WSNW Subscribers can periodically review our premium post S: 2004 STOCK WATCH LIST.

5. "We maintain the equity markets have started a sustained H2/2004 recovery to be driven by quality-oriented earnings expansion. We see 5 percent yield as a neutral benchmark for 10-year Treasurys, which should sustain S&P 500 P/E ratios in the 18x-20x range."
Subodh Kumar, CIBC
HW: I would be surprised to see Q3 earnings as marking a sustained recovery. The question is how good Q2 will be, and especially with what foreword guidance.

"On the one hand we have some positive earnings to look forward to, but on the other, we have these interest rate questions and the geopolitical risks."
Keith Keenan, vice president of institutional trading, Wall Street Access
HW: Left hand, right hand; Left hand, right hand- Trader’s delight!

“It's a good time for those who are inclined to take gains to realize them now if they're going to do it anyway -- I don't think the market's going anywhere for a while."
William Hummer, market strategist, Wayne Hummer
HW: Even it they do, the reward does not equal the greater risk.

6. Financially ailing companies point to Iraq war

The Market Gets Its Big Chance
“I have a whole list of indicators I expect to begin to fail around next week and into early July.”

Gold, inflation and the horns of a dilemma

7. HERE WE TALK ABOUT AFUND CLIENTS
We are making our annual due diligence visit of IHI and will be in Vancouver Canada next week. Later this month we will be visiting HESG factory for further due diligence reporting, also in July. Both reports should be up on a website shortly thereafter.

*********************************************************************************************************

S: in front of a web link indicates access is restricted to WSNW subscribers.
Subscribers please send your comments, questions and suggestions to Letters .
Silver Investing subscriptions $360 one year; new subscribers 3 month $125.
Gold trading subscriptions $1500 one year; $555 Quarterly.
Platinum edition for money managers $10000 per year; $3000 quarterly.
Institutional rate is $3000 per month; $25,000 annual.

"Can you afford NOT to have financial astrology in YOUR future?"
Stop reading Wall Street, Next Week, last week: YES, I WANT TO SUBSCRIBE
*********************************************************************************************

PAST WALL STREET NEXT WEEK REPORTS
FRIDAY 11 am listen to our Internet radio program TRADING BY THE STARS. (c) 2004 All rights reserved. The Astrologers Fund "Always a Stellar Performance"
wsnw@Afund.com 212/949-7211 Fax 212/949-7274 370 Lexington Avenue, Suite 416 New York, N.Y. 10017-6503
Author: INVESTING BY THE STARS, THE STUDY OF ASTROLOGY,TRADING BY THE STARS (01)
May 13-15, 2005 Eleventh 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.
ALWAYS CHECK WITH YOUR LICENSED FINANCIAL PLANNER OR BROKER BEFORE BUYING OR SELLING ON THE RECOMMENDATIONS OF THE ASTROLOGERS FUND Inc.
IHI has been an AFUND client since 1994 and is currently paying monthly $2,500 consulting fees and $500 for banner ads on our website. May 15, 2002, an affiliated company, Susan Hahn & Associates became IHI’s media representative with a monthly fee of $1500.
April 1, 2004, Karma Media (KRMA) became an AFUND client and paid $2500 in April and May. Contract expected to resume by the Fall..
May 17 2004 Health Sciences Group (HESG) became an AFUND client and will be paying 15K shares of free trading stock (approximately $2500 monthly for six months) as a consulting fee.
Please read our Disclaimer for more information and note that my clients and I are shareholders and may act in the open market.
RETURN TO MAIN MENU