Wall Street, Next Week is our weekly Email/Fax newsletter.
Subscription rates are $300/annual; $99/Quarterly; $500/2 years.
Request subscription details by emailing wsnwsub@afund.com.
1. INTERIM TOP SET?
2. LETTERS
NOTE: THIS AND THE NEXT NEWSLETTER WILL BE BRIEF AS WE PREPARE OUR 1998 MID YEAR FORECASTS AND MAY UIT.
So far a DJIA 9170/9200 ceiling is in place. We believe an Interim or intermediate top was set last week at SPM 1140. We intend to keep and recommend adding to all shorts until May 4 +/- one day. Naturally, we also likes Gold's progress, although we do believe $330 may be it for this year.
As for trading advice, we simply wait for a "positive" announcement which builds in valuation for the next 3+ years of good news and sell/short the stock whether Travellers, IBM, Disney or this past week Hewlett Packard. For us, it is "fire at will" but "cover your A**" if the market goes against you and reshort on close.
DJIA: S1 8990 S2 8888 S3 8400 R1 9020 R1 9150
2. Thanks for posting your 4/20 WSNW early. Oh, and glad to see you were "nervous" when HangSang ran about a 1000 further than expected -- don't think I've seen your mention of that before and was always 'just kind a' curious:)
HW: Yes, minor calls are one thing, but major calls, like a top/fall by end of March/April we hope are right.
I believe the DJIA will not dive this April but some correction will indeed occur in October. I also believe that the HSI will pick up again in August. If that happens, send me a note and I will tell you why.
HW: If 9170/9200 continues as a top, while the market can retry for it in May/June, with ANY TOP IN PLACE THE MARKET CAN CORRECT.
It's hard to believe that the stock market will crash by the end of April. At least HK topped by the early Aug. Then it continued downward slightly in the mid-Aug, and sharply by the end of it. However, it seems like the US market still hasn't topped yet. It hard to imagine DJIA will significantly down during next week. Nevertheless, I wouldn't bet against you since anything is possible, and most of your past predictions were so accurate. :)
HW: We are not perfect, but I get to sleep very comfortably and quickly at night. The Risk/Reward of astrological investing/trading is ALWAYS in our favor.
"Can you afford NOT to have financial astrology in YOUR future?"
Please send your comments, questions and suggestions to Letters,
Subscriptions $300 one year; $500 two years; new subscribers 3 month intro $99. ************************************************************************************
Wednesdays, listen to our ABS radio program TRADING BY THE STARS. ************************************************************************************
(c) 1998 All rights reserved. The Astrologers Fund "Always a Stellar Performance"
wsnw@Afund.com 212/949-7211 Fax 212/949-7274 350 Lexington Avenue, 4th Floor New York, N.Y. 10016-0909
Author: INVESTING BY THE STARS McGraw Hill, TRADING BY THE STARS (99)
May 15, 1998 Sixth Annual Astrology & Stock Market Conference NYC