WALL STREET, NEXT WEEK
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WALL STREET, NEXT WEEK: JULY 11, 2005
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER
 
1. JULY MARKETS
2. UP STARS/DOWN STARS
3. GOLDEN THOUGHTS
4. ASTRONUT
5. QUOTES
6. ON THE WEB
7.  LETTERS
8. AFUND CLIENTS

BUYING THE LONDON BLAST IS NOT THE SAME AS BUYIING 911
The current and upcoming crop of geopolitical disasters, e.g. London, should NOT be viewed as intermediate term buying opportunities. While the short term damage is not extensive and severe and it may speed up a ¼ point interest rate drop on the part of the UK Central Bank, substantially NEW funds will NOT be committed to homeland defense and security as was the case in the US after 911.  Hence while 911 was clearly a buying opportunity as we early proclaimed, today this is just another expense and cost in the US/UK Iraq and terror wars, which do not add to economic growth but instead are a slow bleed. The fundamental health of the US economy is weaker than most realize. Wall Street, Next Week readers are not the last to know this. Remember the after effects of the Vietnam War and the War on Poverty or “Guns and Butter.”  Today’s “Guns and Caviar” mentality will be worse- 2006 IS coming.

BOTTOM LINE: Are markets still worthy of bargain hunting at current price levels? I believe not. We expect a lower market end of July, and June lows can and probably will be broken AGAIN as they were last week, especially if corporate earnings are what starry eyed bears expect, disappointing to rosy eyed bulls.

TRADERS: Given the strong cash positions of some rabid bulls, we intend to remain nimble traders. If need be, we will be stopped out and reshort again {and again} at appropriate astrological times and technical price points.

INVESTORS: Unless you like to stay at parties until the very end, you should be raising cash levels this month and next. My long term view is well known:  focus on protecting against downside risk through most of the rest of 2005, and 2006 will be bleak. Finally, Make sure you own Summer Gold.

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As many WSNW subscribers know, the editor of Wall Street, Next Week is a Sun Sign Leo.  To celebrate Saturn’s entry into Leo on July 16, 2005, we are offering the following subscription special to Wall Street, Next Week BEFORE 8:34 am ET July 16, 2005:
If you wish a silver subscription, it will be $555 from now to 9/2/2007 (or an extension of 26 months to your current subscription).
If you wish a gold subscription, it will be $3600 from now to 9/2/2007 (or an extension of 26 months to your current subscription).
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KEYDATES:    July 15, 18
DJIA:               10400 S1 10350 S2 10250 S3 10454 PIVOT R1 10500 R2 10550 R3 10600
SPX:                1212 R1 1215 R1 1220 R3   
NASDAQ:       2110 PIVOT
XAU:               BUY
US$:                DISTRIBUTE/SELL

Market Marker Sentiment: First Bullish, then Bearish.
DON’T BUY AND HOLD: BE LIQUID WITH A BALANCED AND DIVERSIFIED PORTFOLIO!
2004 CLOSE:        DJIA 10784, SPX 1211 & NASDAQ 2175
2003 CLOSE:        DJIA 10453, SPX 1111 & NASDAQ 2003
DIJA:         2 ~ FV 0 UV; 5 offer 4%+ Dividends.
While the internal Stock Market astrology is mixed, the external risk potential is high. Looking ahead, my question is whether 2006 will show less than 2% growth or be a classical recession?
PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST DOWNSIDE RISK.
Before H2 2006, reduce indebtedness as much as possible, as quickly as possible. 

2. Most long term investors look at BIG theme investing. Current Big themes include the aging of baby boomers, Triple GCurrent Big themes include the aging of baby boomers, Triple gold (Black, Yellow and Blue) Value, and of course increased safety and security demands as evidenced by last week’s London bombings. old (Black, Yellow and Blue) Value, and of course increased safety and security demands as evidenced by last week’s London bombings. Standard picks include specialized communication links as well as biometric and other entrance barriers.
Astrologically Jupiter's move into Scorpio will add intelligence to holds in the military/homeland security sector. Our current three favorites in this sector are L-3 Communications (LLL), Lojack (LOJN) and Magal Security Systems (MAGA).

3. Gold is currently undergoing the second of three necessary tests in order for our forecast for August gold to be on target, and not early.  Will I be right or just early? Either way, intermediate term gold investors should be smiling come Christmas gold time.

Four Reasons Gold Stocks are about to rise
1) Gold is Going up Now Against All Currencies
2) Long-term XAU Chart Spells Breakout
3) Gold Stocks Are Outperforming Gold
4) A Breakout for the XAU Appears Imminent

Next issue: Saturn leaving Cancer and its possible effect on Silver.

4.  Astrologer sues NASA for 300M for comet blast
“Claiming NASA messed with the balance of the universe by intentionally smashing a probe into a comet, a Russian astrologer has filed a $300 million lawsuit against the U.S. space agency. ‘It is obvious that elements of the comet's orbit, and correspondingly the ephemeris, will change after the explosion, which interferes with my astrology work and distorts my horoscope,’ Marina Bai told the Russian newspaper, Izvetia.…
But New York astrology experts say Bai's lawsuit is just a bunch of space junk. Henry Weingarten, director of the Manhattan-based Astrologer's Fund, laughed upon hearing about the Russian's claim - and assured he has yet to sense any seismic shifts in the cosmos. ‘Not that we've noticed yet,’ he said”

5. “The global economy will continue to perform well and we remain most impressed by companies making record profits even with modest sales growth,''
Aaron Gurwitz, senior strategist, Lehman Brothers Holdings
HW: I agree with the second part of your statement, but not your initial forecast if it includes H2 2006.

“Equity markets represent compelling valuations compared to the bond and real estate markets.''
Edward Keon, chief investment strategist of Prudential Equity Group
HW: Your claim that is that compared to major and minor economics bubbles, current stock market valuation is relatively good. However, our investing mandate calls for absolute, not relative performance.  So for the most part, I plan to pass except for short term trading buying opportunities.

"The Fed needs to be very careful here. If it's intent on pushing the federal funds rate to 4 percent this year, it'd better be ready for a recession in 2006."
Paul Kasriel, chief economist, Northern Trust
HW: How strong economy can the US really be if it cannot handle a 4% Fed Funds rates?

6. When the Shock Begins to Fade
“ If history is any guide, the market slump inspired by the London terror attacks may actually be the overture to a subsequent surge.”
HW: I thought it was “different” this time.  After all, US markets have already rallied on the news. Hence the proper contrarian view could be that “Bad news is ACTUALLY BAD news, later when not sooner!

The Buttonwood column: oil prices
Ben Jacobsen, a finance professor at Massey University in New Zealand, has another theory: it takes investors (like economists) a while to work out the impact of oil-price movements on the economy generally.

No Consensus on U.S. Stock Valuation
 
7. READER: I'm going to play devil's advocate on this one. Saturn in cancer hasn’t affected the housing market, why should it affect gold?
HW: Good question. First of all, it did at the end [Saturn often comes come late. In this case- it has begun "capping it", but largely has been far outweighed in the US by Alan Greenspan easy money policies. But Saturn does effect more than US markets. For example, in Australia and the UK it did help stop it.

As for Gold and Saturn in Leo, our view is based on MANY factors, not just this single astrological one. I also have looked at the horoscopes of GLD, XAU and COMEX as well as fundamental, technical, seasonal and geopolitical indicators.
Of course the proof is in the pudding and time will tell if we will be eating crow or caviar by the time Saturn leaves Leo in 2007!

READER: I still stick to my earlier prediction as on India Web Page - IF NYMEX SPOT CRUDE CLOSES ABOVE US $ 60.00 FOR THREE DAYS IN A ROW IT WILL HIT US $ 63.00+ AND THEN SHOOT TO US $ 66.00 IN A MATTER OF WEEKS. PANIC IN GLOBAL STOCK MARKET!!!
HW: I can easily see up to $65 oil, but as the rest of the forecast, it has been noted.

READER: What was the precise time of SLW's first trade today?
HW: July 6, 2005 9:34:43am 5200 shares at $3.10. 

7. HERE WE TALK ABOUT AFUND CLIENTS
Be ready to break open your aggressive speculation piggy bank before Diamond Jim Brady’s birthday (August 12).

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PAST WALL STREET NEXT WEEK REPORTS
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(c) 2005 All rights  reserved.  The Astrologers Fund  "Always a Stellar Performance"
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Author: INVESTING BY THE STARS, THE STUDY OF ASTROLOGY,TRADING BY THE STARS (01)
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