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1. 0 RETURNS
2. QUOTES
3. STARS ON EXCITE
4. IHI CELEBRATION
5. MTC
6. LETTERS
August 5, a roller coaster day, which suggests a roller coast August. However, if next week's trend is down, the critical support area of 8400 becomes a ceiling. Our next Key support targets of 8000 and 7500 will then be tested, before serious "bargain" hunters emerge.
To quote Chris Cadbury this week: "The value for the option premium ratio sank to .29 on Tuesday as reported in Investor's Business Daily yesterday. Values of .29 to .32 have always occurred near bottoms since 1985 except during the bear markets of 1987 and 1990. Values of exactly .29 have always come on the day of major bottoms as measured on a closing basis." The emphasis is mine, and I would add except for the bear markets of 1987, 1990 AND 1998!!!
Key dates: August 13
DJIA: P1 8400 P2 8000
March 5 - 8500. Buy and Hold investors taking our advice to exit the market in March/April would have saved 4 months of 0 returns. Exiting July 20, would have saved 12-18 months? of 0 returns.
2. From WSJ August 04 Jonathan Clements:
"But if I sell the stock at the current price, I'll lose money.
You have already lost money. The difference is when you sell, you are forced to admit your mistake and you give up any chance of making back the loss."
HW: Will it go it up? Is your stock a buy in TODAY's market and do you expect it to at least market perform?
"I'll sell the stock as soon as the price goes back up.
Sorry, but there' no Newtonian stock-market law that decrees that what goes down must bounce back."
HW: Agreed
3. Web portal Excite feature of the week is Financial Astrology! See Stars on Excite
4. We are off to Vancouver BC for the IHI Celebration August 14 and to tour their new factory building. Please say hello if there. We also expect to be in Vancouver later in the Fall to visit the installation of robotic equipment and full factory production. Later than we thought, but better late than never! You can easily guess what direction I believe IHI stock is going. (And we continue to put OUR money with our mouth is).
5. Long Monsanto (MTC) ? Watch out! I personally endorse the following petition and so will millions of American consumers. An Urgent Message to the Environmentally and Socially Responsible Business Community: Right now over 60% of the foods in your local stores contain genetically engineered organisms. Hormones, viruses, bacteria, substances that have never been part of the human food supply now permeate the foods we eat every day. Everything from pizza to chips; soda to baby formula.....Even worse, none of these foods are labeled so we are denied the basic parental right to choose what we are feeding our families.
Meanwhile, doctors and scientists all over the world are voicing grave concerns about genetically engineered foods, and entire countries are banning them from their borders.
Mothers for Natural Law is sponsoring a nationwide Right to Know Campaign. Our immediate goal is to collect 1,000,000 names on a petition demanding truthful labeling of genetically engineered foods by Thanksgiving. Please sign at Right to Know Petition or Call 515-472-2809 for more information or a hard copy of this petition.
6. Congrads on your Fortune article.
A: Thank you, but someday soon, it will become well known that astrologers are NOT fortune tellers, but Fortune makers!
You must be one happy astrobear........
HW: I am NOT a bear, I am a Cosmic Value player! Show me Value and I will happily buy. No tickie, no washie!
The bull market is over and we are now in a bear market. I feel that the market is going to lose 2-3 thousand points for starters by December. Henry, this is your big opportunity to go down in history as one of the guys that foretold the "crash" of 98. So don't get discouraged cause you were a big premature. It's here right now. Seize the moment. Take a chance. Cause this is the Big one.
HW: Yes, we do like to be first. To date, since our second call for a 1998 top in March-April, the market has gone south for those who ONLY buy and hold. Our third call for a top July 20 is holding. What difference if the date is October 10, 20 or 23-25? We will be there when it happens.
Q: WHAT IS THIS SUPPOSED TO MEAN IN YOUR STRANGE LANGUAGE? WHAT DOES 8000 BEFORE 9000 MEANS? THE WHITE OF WHICH EYES??
A: It means the market will drop to 8000 before we see 9000, if we are right. If you are not a trader, this is not important. The "white of the eyes" in an expression meaning sell/short whatever seems right. AOL, for example, dropped 12 points (more than 10%) on the day WSNW Alert 32.
Q: Re: CLINTON ECLIPSE? What is the Data?
A: Monica Lewinsky 7/23/73, 12:21 PM, PDT San Francisco, California
Bill Clinton, 8/19/46 8:51 AM, Hope Arkansas
Al Gore Jr. March 31 1948 12:53 pm Washington DC
"Can you afford NOT to have financial astrology in YOUR future?"
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