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: JULY 19, 2004
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER

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

1. THE MARKET UPSIDE IS LIMITED; THE DOWNSIDE RISK IS FAR GREATER
What is Intel worth? What is IBM worth? What is Dell worth? All these companies are performing well fundamentally, but are they good buy and hold investments into 2005? NOTE: I plan to own all three BEFORE the end of 2004.  Should you buy them now, or wait until the Dog days of August?  The latter is likely to be my bet. However, despite the high likelihood of a very late August to September Republican convention rally, market vulnerabilities will remain high.  As time goes on, fewer will believe the economy is getting better.

PLATINIUM CHANNEL: GOING FOR THE GOLD
It looks like the tide will soon be turning in the annual classic Black (Oil) vs. Yellow Gold championship.   We believe that a buy Gold/Sell Oil hedge is appropriate at either $397 gold and/or $44 Oil.

Guest Hyde Park Soap Box - Sydney Morning Herald
”The high level of personal debt being carried by Australian consumers has been described as a time bomb for the Australian economy. Professor Julian Disney of the University of New South Wales says 2004-05 will be a particularly bad year as we come to the end of what he describes as a debt-driven boom. Disney says the problem is that current levels of economic growth in Australia are largely illusory as it is being funded by debt. In addition, Disney is concerned that this debt is going into inflated land values rather than into other areas of consumption, which would feed job creation. Financial advisors say consumers should carefully assess the sustainability of their debt arrangements.”
HW: Similar issues apply to the United Kingdom and partially to the United States, which further suffers from “guns and caviar” - excessive military spending and revenue deficit!

TRADERS: This past Friday or today (Monday) could mark a short term market bottom.
INVESTORS: We see no reason to bargain hunt just yet, except in a few special situations before August.

KEYDATES:       July 22
DJIA:                  10200 S1, 10130 S2 10045 S3 10200 PIVOT R1 10250 R2 10305 R3 10345
NASDAQ:          1900 S1 1880 S2 1867 S3 1959 PIVOT
XOI:                    Second Distribution 650 OB
GOLD:                403 PIVOT

NEW MARKET SENTIMENT Worry first (Down), then late bargain hunting rally.
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 > 403
While the internal Stock Market astrology, as in 2003, is mixed, the external risk potential is horrific!

SOON MORE INVESTORS WILL UNDERSTAND WHY WE HAVE BEEN RECOMMENDING EXTREMELY HIGH CASH POSITIONS

2. “This week we advising investors to “Accumulate Gold on Weakness”, and Traders “To Buy Gold on strength”.  As gold has been hovering over $400, it will soon become a buy and hold investing position for us until the Fall.  $400 is not yet firm support, and there could be another test down to the stops around secondary support (397-398).  At that time, we would be buying the XAU for a fall run to 100. Alternately, should $400 hold until next Friday, we would be buyers of physical gold in the $400-$403 range.  Outside of holdings in Placer (PDG) and Newmont (NEM), we have now added Anglo American (AAUK) to our recommended core gold stock portfolio.  AAUK is also owns 45% of De Beers, thus it also offers a currency and diamond (bull market) hedge.”
WSNW subscribers can visit our premium post S: Mining Stocks 2004 to be updated on Monday for updated price targets.

IPO Watch: Flat-screen maker LG Philips raised $1 billion in its initial public offering, the second-biggest technology offering in Asia this year.  LG Philips is a joint venture between South Korea's LG Electronics and Philips Electronics of the Netherlands.  LG Philips will start trading on the New York Stock Exchange on July 23 under the ticker symbol "LPL".  Depending on the actual TIME of its first trade, we plan to buy LPL in August or October.

3. UN report: Norway enjoys top life quality Norway, Sweden, Australia, Canada and the Netherlands rank as the best five countries to live in according to the UN Human Development Index. This reports rates per capita income as well as educational levels, health care and life expectancy in measuring a nation's well-being. [US is number 8].

Norwegian 'Hurtigruten' coastal liners are experiencing their best season ever due to an increasing number of visitors from the US and southern Europe. "This season will be the best ever," Arne Trengereid, CEO of the Troms County's Steamship Lines. Trengereid said that with the low exchange rate for the Norwegian krone, foreign holidaymakers no longer regarded Norway as an expensive country in which to travel. However, at the same time Statistics Norway reports that the construction cost index of plumbing works in commercial buildings increased by 0.6% in June and material costs increased by 1.1%.  On a year-to-year basis, plumbing construction costs increased by 6.5% and material costs by 8.6%. Meanwhile, the debts amassed by Norwegian households have increased by 11.3% year-on-year according to the Bank of Norway. Debts are increasing faster than the income! Norwegians now have almost as large an amount of debts in relation to their income as they did just before the bank crisis at the end of the 1980s. Finally there is North Sea Oil, Norway’s major export and revenue generator. While speculators remain on the buy side of the oil market due to persistent fears of disruptions to crude flows in Iraq and possible refinery outages in the United States, we nonetheless recommend a reduction in two of our favorite global oil companies in line with our XOI Second Distribution, Statoil (STO) and Norsk Hydro (NHY). However, we still would hold Petroleum Geo-Services (PGEOY) and Stolt Offshore (SOSA).

4. "We expect profit growth to decelerate in the second half of 2004."
Abby Joseph Cohen, chair, Goldman Sachs' investment policy
HW: I agree.

"I think some of the earnings expectations have been lowered over the past few weeks, and that'll be built into prices. That does give us some room to the upside of this trading range we're stuck in should earnings come in strong."
Doug Sandler, chief equity strategist, Wachovia Securities
HW: Yes, but earnings will be at best mixed as this past week, so we have a LIMITED upside, with a far greater potential downside market risk short term.

"People are starting to say, 'Wow, we might have gone through the biggest part of growth in this economic recovery,'"
Robert Mikkelsen, managing director of institutional trading, The Advest Group
HW: Like Wow!

5. Dividends remain strangely out of favor

New Market Valuation Graph
Is the market cheap or expensive? Click to get Morningstar's take.

1.3 billion new Chinese cars – and soaring gold

6. READERS: What about interest rates?
HW: Short term, obviously they are going UP. The question is whether they will be above 2% by year end. This will be more widely known after August 6th.

7. HERE WE TALK ABOUT AFUND CLIENT

READER: Rumor has it that there was some misunderstanding in the lawsuit during the AGM and some clarification needs to be made regarding whether doing the welding by hand instead of robotics will be just as good in terms of efficiencies for the kick off of production.
HW: This should be covered and explained in the next IHI press release.

READER: Your radio show mentioned that you will be explaining how IHI has 3 chances in July and 2 chances in September to make shareholders happy.  When and where will this be explained?  In the next WSNW?
HW: This should be covered in our IHI Story Part XIX to be posted shortly after IHI’s next press release.

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 intro $125.
Gold trading subscriptions $1500 one year; $555 Quarterly.
Platinum edition for money managers $7500 per year; $2500 quarterly.
Institutions $3000 monthly; $25,000 annual.
**********************************************************************************************************
(c) 2004 All rights reserved THE ASTROLOGERS FUND, INC  "Always a Stellar Performance"
wsnw@afund.com Phone 212/949-7211   Fax 212/949-7274  370 Lexington Avenue, Suite 416  New York, NY 10017-6503
Author: INVESTING BY THE STARS and THE STUDY OF ASTROLOGY
May 13-15, 2005 11th Astrology & Stock Market Conference NYC
INVESTORS ARE REMINDED TO PERFORM THEIR OWN DUE DILIGENCE BEFORE MAKING ANY INVESTMENT DECISION. ALWAYS INDEPENDENTLY INVESTIGATE AND FULLY UNDERSTAND ALL RISK BEFORE MAKING ANY INVESTMENT.
DISCLAIMER: PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE FORECASTING ACCURACY OR PROFITABLE TRADING RESULTS.
The Astrologers Fund Inc. accepts No Liability Whatsoever for Any Loss arising from Any Use of its Report or its Contents. The Astrologers Fund Inc. or its Clients Usually Holds Positions in the Stocks and/or Market Instruments Mentioned and May Buy or Sell At Any Time Without Notice depending on market conditions and personal financial conditions. This Information Is 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 construed as 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.
May 2004 Health Sciences Group (HESG) became an AFUND client and will be paying $2500 monthly (in free trading stock) 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.
*********************************************************************************************************

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