1. MARCH ASTRODATES
2. MARCH MARKETS
3. UP STARS/DOWN STARS
4. GOLDEN OPPORTUNITIES
5. QUOTES
6. ON THE WEB
7. LETTERS

3/2 Mercury SR
3/4 Jupiter SR
3/14 Lunar Eclipse Full Moon 6:35 pm ET
3/16 Jupiter square Neptune
3/20 Vernal Equinox Sun enters Aries 1:26 pm ET
3/25 Mercury SD
3/29 Total Solar Eclipse New Moon 5:15 am ET
3/29 PLUTO SR 

2. I am just back from Argentina, and won’t be into my groove until later this week.  If it were not for the mildly positive Astro of the recent Ben rally, and the upcoming brief [this time] tax season upward bias ahead, I would be amazed by the recent market activity. Such foolishness will SOON be changing.  Before the solar eclipse of March 29, I would STRONGLY consider raising cash levels at least 10%; it is possible 20% or more will be seen in retrospect to have been a wiser course. Make sure your portfolio has abundant downside protection in Q2 2006: Before the end of H1 2006, we forecast markets will be below DOW 10,000 and NASDAQ 2000.

GUEST HYDE PARK SOAPBOX: Disintegrating Pensions National Crisis
“The pension crisis is numbing. Out of 142.6 million active American workers, 101 million have a private pension plan. It is the lifeblood for most Americans supplementing the near poverty of pure Social Security. However, hundreds of major companies, including United Airlines, GM, IBM, Verizon, Sears, Hewlett Packard, Polaroid, AT&T, and of course Enron have now reduced their guaranteed retirement plans or judges have authorized dissolution of pension funds. The trend threatens the lifeblood of nearly all American seniors and their families, as well as younger workers.” Claude Pepper Foundation Call to Action 

KEYDATES:      FEBRUARY 27, MARCH 2
DJIA:                10950 S1 10900 S2 10750 S3 PIVOT 11000
SPX:                1255  SUPPORT 1300 RESISTANCE
NASDAQ:         S1 2240  PIVOT 2280 RESISTANCE 2320
DAX:                DISTRIBUTE
XAU:                S1 137  S2 130  S3 125 PIVOT 140 R1 150 R2 155 R3 1710 R4 190
GOLD:              PIVOT 550 

Market Marker Sentiment: First: Worry, then: “What me Worry?” Remember the Market Zeitgeist changes in April!
DON’T BUY AND HOLD: BE LIQUID WITH A BALANCED AND DIVERSIFIED PORTFOLIO!
2006 CLOSE:          DJIA 10717, SPX 1248 & NASDAQ 2205
2005 CLOSE:          DJIA 10784, SPX 1211 & NASDAQ 2175
DIJA:                     2 ~ FV 0 UV; 6 offer 4%+ Dividends 0 offer 5%+ Dividends.

Looking ahead, my question is whether 2006 will show less than 2% growth or be a classical recession? Either way, 2007 will have a classical recession!
THINK SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST DOWNSIDE RISK.  Before H2 2006, reduce indebtedness as much as possible, as quickly as possible. 

3. As WSNW readers know, with the exception of accumulating precious metal and special situation stocks, we recommend selling far more than buying today’s markets. Even previously favored markets such as Germany with the DAX at 52 weeks highs are NOW ready for distribution. 

BUSINESS & BANQUETS
Two weeks ago we had the pleasure of attending the BIO CEO Investor Conference at the Waldorf Astoria in New York.  Health Care is one of our perennial themes. It is projected that as much as 20% of the GNP in 2015 will be devoted to this sector. Hence we are  always looking for special situations in biotechnology to accumulate later this year.  Two presenting genomic companies now added to our watch list are Exact Science [EXAS] and decode genetics [DCGN], an Icelandic biopharmaceutical play. We will be also tracking Metabolix, a privately owned polymer material company.  We also reviewed the recent progress of four companies already on our Watch list. Psivida [PSDV], Compugen [CGEN], Cytrx [CYTR] and Dyadic [DIL]. 

4.

• Syria has just switched from the US Dollar to the EURO to pay for its foreign goods and services in order to make it less vulnerable to pressure from Washington.
• Iran will be opening the first oil bourse priced in Euros on March 20, 2006 in Teheran. It is open to all oil producers.
• Our intermediate term forecast is for increased strength in “Y” currencies: the Chinese Yuan and Japanese Yen.

Bottom line: THE Dollar continues to lose it sole world currency edge. Unfortunately, this bodes well for gold and silver intermediate and long term. 

5. “The Laboratoire européen d’Anticipation Politique Europe 2020 (LEAP/E2020) now estimates to over 80% the probability that the week of March 20-26, 2006 will be the beginning of the most significant political crisis the world has known since the Fall of the Iron Curtain in 1989, together with an economic and financial crisis of a scope comparable with that of 1929. This last week of March 2006 will be the turning-point of a number of critical developments, resulting in an acceleration of all the factors leading to a major crisis, disregard any American or Israeli military intervention against Iran. In case such an intervention is conducted, the probability of a major crisis to start rises up to 100%, according to LEAP/E2020.

Global Systemic Rupture March 20-26, 2006 - An Alarm based on 2 verifiable events:
The announcement of this crisis results from the analysis of decisions taken by the two key-actors of the main on-going international crisis, i.e. the United States and Iran:
On the one hand there is the Iranian decision of opening the first oil bourse priced in Euros on March 20th, 2006 in Teheran, available to all oil producers of the region;
On the other hand, there is the decision of the American Federal Reserve to stop publishing M3 figures (the most reliable indicator on the amount of dollars circulating in the world) from March 23, 2006 onward [1]."
EUROPE 2020 ALARM

6. Port Brouhaha A Positive For These Stocks

The End of Dollar Hegemony

Yen Carry Trade to Unwind - Market Crash Alert

7. READER; Nice call on oil market.
HW: Thank you. 

READER: Good call on GOLD
W: Thank you. 

READER: Earlier in January you said Canada would outperform the US index.  Are you saying now to sell Canada?
HW: It will still outperform the US, however, in real terms, Canadian markets will be affected negatively by US issues. We cannot find any major country bourse to buy for relative out performance in Q2 2006.

READER: Wondering what your take is on April GC.  I'm thinking the decline to 548, sharp as it was, is still corrective and 600 can be hit this month.  Wondering what your thoughts are.
HW: Yes it is possible, but I don't believe so. Oil is weak and may be weaker. We need to see two more tests before 550 is solid. Then if so, 580 would be broken. Still we could see lower before it moves higher later (June).
540 is a good place for a short term buy of gold.  But you could see 527-531.  If you don’t care about the latter, you can nibble here. Dito XAU at 134 could be 132 and 125. If you don’t care you can nibble, but not buy heavy!
NOTE: This letter belonged in last week’s WSNW.  We are now having our second 550 test of February. Oil shorts were covered circa $60. 

READER: I have not looked at your site for some time and was surprised to see no mention of IHI, except in your disclaimer. Does that mean you have divested/given up/what? I was looking for some comment now that it has begun to move a bit.
BTW - I am finally solvent with this puppy - after what, 6 or 7 years. At this rate, maybe you will collect a lot of Champagne after all J.
The only reason I hung in there all this time was because of your continued optimism but it gives me cause for concern that you are not writing about it now. I did accumulate 60,000 shares so if it flies, all will be forgiven. J What gives? Are you still positive? Why no comments or reviews? Should I unload? My inclination is NO but without your info, I am a bit nervous - AGAIN!
HW: We see no need to repeat beyond what we have written before:

HW: I would think there are still four good reasons for hope this year: Alberta, Surrey Hi-Rise, Middle East and Fanuc lawsuit.  However, beyond 2006, without faster progress, could well be another matter.
READER: Is there any more hope for IHI?  It really has hardly done as great as you originally predicted.  Time to give up or is there some hope. IHI has been a hugely big disappointment.

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