Wall Street Next Week JANUARY 31, 2005

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

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WALL STREET, NEXT WEEK: JANUARY 31
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER

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

2/1 Jupiter SR
2/8 New Moon 5:28pm ET
2/9 Chinese New Year: The Cock
218 Sun enters Pisces 8:32 am ET
Full Moon 2/23 11:54 pm ET

2. DOW 10,000 BEFORE 11,000? TEMPTING BARGAINS OR IS IT GOING TO GET WORSE BEFORE IT GETS BETTER?
If you believe the former, you should act conservatively as we recommend.
If you believe the latter, just how many Travel Zoo (TZ00) type stocks are there in your portfolio? I would guess too many.
Just where are the tempting bargains (beyond very short term trades)? While Nasdaq will fight to first hold 1985, why anyone thinks it is even worth 1800 is beyond me. In February, there is high market risk. Economic Growth Slowed, Inflation Rose in Q4 as US trade performance deteriorated and inflation picked up. Is this the stuff of bull markets? Are you hedged? Are you liquid? Are you happy?

TODAY’S MEGAMERGERS AND TOMMORROW: AMERICA FOR SALE!
Dial M for Merger SBC Communications and AT&T
P&G to buy Gillette for $57B
More than just Molson and Coors, many US companies will be in play in 2005. The Congressional Budget Office (CBO) "expects that the exchange value of the dollar will decline during the next two years" and that "investors will be less willing to add to their holdings of dollar assets at current exchange rates and interest rates.” Yes, but they will increasingly buy our hard assets and not our depreciating paper currency and weakened bonds. Hence this will, at times, strength the US Dollar. The game is afoot.

TRADERS:        FOMC Wednesday is the Big market Yawn this week. Will most investors be happy campers thereafter?
INVESTORS:    Expect a choppy February.

KEYDATES:    FEBRUARY 1, 3
DJIA:               10,500 RESISTANCE?
SPX:                1166 PIVOT
NASDAQ:       S1 2020 S2 2000 S2 1985 PIVOT 2035
GOLD:            425 PIVOT

Market Marker Sentiment: First Bullish, then Bearish.
DON’T BUY AND HOLD: BE LIQUID WITH A BALANCED AND DIVERSIFIED PORTFOLIO!
12/31/2003 EOD:    DJIA 10453   NASDAQ 2003 SPX 1111.
October 2004 Lows:          DJIA   9660, NASDAQ 1899 SPX 1090
DIJA:            2 ~ FV 0 UV; 5 offer 4%+ Dividends.
While the internal Stock Market astrology is mixed, the external risk potential is rather high.

3. FALLEN ANGELS, FALL DEVILS
Markets, while projected to be choppy in February, could be significantly lower in March. If so, higher risk stocks e.g., Nasdaq and small caps, would be hit harder. Be prepared to act: both on the buy side and sell side, just in case this happens.

4. Viagra May Reverse Enlarged-Heart Damage. Pfeizer [PFE] is most well known as the maker of Viagra, the diamond-shaped blue pill that transformed the treatment of impotence According to Pfizer spokesman Daniel Watts "We have two key strengths: Pfizer's unrivaled understanding of the E.D. market and Viagra's unsurpassed ability to deliver a reliable experience time after time."   However, the number of free drug samples has risen sharply and sales of Viagra, Levitra and Cialis are not growing and are well below Wall Street expectations.
Bottomline: PFE stock is one of the few fairly valued Dow stocks. Still, I prefer to buy cosmically undervalued ones. We maintain an accumulate on weakness (~22} rating H1 2005 for Pfeizer.

5. "I think the concern is that while profits overall are still relatively positive, I think the dawning realization is that this is about as good as it gets. Real profit growth will slow markedly as we go through 2005. We still think we're going to get growth this year but it just will be a pale shadow of what we've seen in the last couple of years.”
Doug Porter, senior economist, BMO Nesbitt Burns
HW: Well said.

"You can't borrow it forever. I don't think you can say deficits don't matter. They matter a lot."
Douglas Holtz-Eakin, director, CBO
HW: What is a measly 1.3 Trillion dollar deficit?

"The economy is very strong in terms of spending and demand. But we're seeing a lot of that satisfied by imports so there's less production going on in the United States. There's just no way that we can sustain these kinds of deteriorations in trade going forward."
Stephen Stanley, chief economist, RBS Greenwich Capital
HW: Sad but true?

6. In 2005, how to align your money with your values

Is Socially Responsible Investing Possible?

Does the market know how to Price Al-Queda?

7. READER: As a Realtor and avid reader of the Economist... I am very concerned that we are in a Housing Bubble and that residential real estate is currently overvalued by anywhere from 15% to 30% over real long-term price to income historic levels. What is your opinion on this and at least astrologically what can we expect over the next 12 to 24 months?
HW: I agree with the Economist on this. I would expect the top is already in most housing markets worldwide, and whether it is this spring/summer or 2006/2007, this too (housing bubble) will correct. It is NOT different this time.

HERE WE TALK ABOUT AFUND CLIENTS
We are happy to see both HESG and IHITF under strong accumulation in January. We see no reason for this trend to change in February. TNXT president’s chart is kicking is now; I hope to see this reflected in TNXT’s stock price over the next two weeks.

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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.

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