1. INFLATION
2. INTERNET RADIO
3. QUOTES
4. STOPS
5. LETTERS
In the Financial markets, TIMING IS EVERYTHING.
Going into Friday's news, we had a Disney slaughter. Followed by the
poor ECI news. {Note: The ECI only measures hourly workers and does
not include stock options etc.}. Then closing with the expected Microsoft
ruling that it wields monopoly power in personal computer operating systems,
a major setback for MSFT.
It was in April of 1998 that we first phoned money managers and brokers and told them to "start to exit" the stock market. Today, technicians widely recognize that month as the TOP of the bull market. True Nasdaq broke another record last week. However, this is due to only relatively few "nifty fifty" Index stocks. But this wont continue for much longer as one by one the1999 moves are over: In the Dow, IBM, Disney, Microsoft are 3 recent causalities.
THE PARTY IS OVER, DON'T FORGET TO CLOSE OUT THE LIGHTS AS YOU LEAVE.
KEY DATES November 8,12,15
DJIA SELL
BONDS:
-> 6.44 OB
2. Henry Weingarten, Managing Director of the Astrologers Fund Inc. will be interviewed by George Chamberlin on Money in the Morning, on Monday, November 8, 1999, from 11:05-11:25 PST) KSDO/AM 1130 San Diego and broadcast on the Internet Money in the Morning.
3. Stock market gains "volatile and often-ephemeral." Alan Greenspan
HW: Yes, and don't forget to use an ephemeris to time it.
"We are in a topsy-turvy world where stock markets start to rally off
the back of rate hikes, but there is good rationale for it," David Brown,
chief European economist at BearStearns.
HW: Any more good stories, David?
4. More information on the use of Stops: ASTROLOGICAL TRADING PRIMER V 0.6.
5. READER: what happened – the markets just skyrocketed today
[11/5/1999]. Do you think that this is the last great push of $ into the
markets before a major crash, or do you think there are great times ahead
for the market?
HW: Our trading system day calls last until Noon the next day.
We are short both Bonds (after the news) and Stocks (before the news).
I believe we have great Bear times ahead.
READER: A good while back you mentioned that Japan wasn't a good
buy until after the new year, but I've watched that area go higher and
higher. I'd really appreciate it if you could outline what you think will
be the situation over there regarding its reaction to our own imminent
stock market crash and the current and forthcoming astrological events.
HW: The US is the lead market; Tokyo will follow us.
READER: I don't see anything about IHITF in the last WSNW, and I don't
see it in the stock selections of 10/25. Just curious.
HW: I don't want to be a broken record. The stock is super cheap
and while delayed and delayed, it represents TOP aggressive speculative
value. What can we say but repeat our "Strong Buy" recommendation?
READER: Dear sir, the market is going up like crazy. This shorting business
is taking us no where. Are you sure?
HW: We are sure this is the right way to bet: it has the right risk/reward
and probability. Just trade systematically i.e. take small losses and hopefully
BIG wins.
READER: You noted that a small tech firm went down 66% in one day and
that will happen more and more as Sat Squares Uranus. But frankly for the
Naz index to correct such little companies are meaningless. Intel warns
and a few weeks later analysts are fed future glory and the stock soars.
IBM, as you noted, gets creamed and now people are buying back in. From
a technical standpoint the Naz should be near a top. But small companies
going down 66% won't move a fly for gosh sakes IBM couldn't shake the market!
HW: Patience. IBM is going nowhere, and after this news, MSFT
will follow. Will either hold 80 in November is my question.
READER: Do you have a crash price for RD and I was going to short AOL
but with the split how would that work out.
HW: No, I will let the market guide me. Classically stocks run
up into a split and then briefly rally and then fall after the split.
With AOL you could short by time after Monday or by price 140-144+.
READER: Is there a mailing list, chat room, BBS or website dedicated
to astro practitioners or a specialist sub-group within one of the general
astrology organizations where one might commune with interested parties?
ASTROFINANCE
This
list is for the discussion of the techniques and application of financial
astrology. Serious astrologers, investors and traders only. Subscribe:
astrofinance-subscribe@onelist.com
5. RE: WSNW 39B No one on CNBC can see it coming that is for sure.
Astrologically it does look bad, and maybe unexpected. If the unemployment
numbers are bad I just do not see this market going down more than 100
points.
HW: Maybe you are just watching too much TV! :)
READER: I am a college financial aid advisor and educational planner.
I would like to comment about the Q&A in your Oct 30 WSNW concerning
purchasing zero coupon bonds for a child's custodial account. When that
child is ready for college, it might be very difficult to obtain need-based
financial aid, because the student's assets are assessed at a much higher
rate than the parents' assets. The future losses in college financial aid
usually far outweigh tax incentives for setting up a custodial account.
I agree that that parents should save money for their kids, but they should
keep the assets in their own names and SSN's.
HW: Naturally this depends on family wealth.
READER: Yes, if a family has a very high income, i.e., over $200,000
or their liquid assets are extremely high they are not willing to shelter
them, they would be too wealthy to obtain need-based financial aid. In
that case, getting the tax savings through an UGMA makes sense. However,
fortunes change, and a family might not be as wealthy by the time the kids
are ready for college.
HW: Guess this depends on who their financial astrologer is! :)
READER: You mentioned MO in some of your last letters, so how would
a market crash affect the stock?
HW: Like all index stocks, (OEX, DJIA, SPX) it will come down, and
afford another buying opportunity should you not care about its lack of
SRI. Its rich yield will impel many non-SRI money managers to rebuy
this quickly, especially on the hope of a future spin off of its nasty
tobacco businesses.
READER: I am scouring the stock universe in an attempt to find values
out there. So far I have found several BUYS: JCP, ONE, MO, TEO.
And the following REITS (not ones you have mentioned before, though possibly
ALL REITS are a BUY since they will outperform over the next 12 months):
LRY, KRC. Do you have any opinions about my observations?
HW: All REITS are not a buy as some will be hurt by recession and high
interest rates and not be able to maintain their pay outs.
READER: You are correct, in my opinion, about the declining stock market in the future I've been an Astro Financial Analyst for over 20 years and a CTA registered with the CFTC since 1978. not only do we have squares to the slow moving planets, mainly Uranus and Neptune in Aquarius and Jupiter and Saturn in Taurus but we have a series of conjunctions, squares and oppositions to the 8-11-99 grand gross solar eclipse between now and several months/years in the future, especially Apr. and May 2000. These, of course, coincide with the Jupiter Conj. Saturn in Taurus aspect in may 2000 which is square Uranus in Aquarius. All this adds up to a very over valued stock market by any value you want to measure, e.g., P/E, book to sales etc. I expect the major stock indices to loose between 50 to 75% of their value over the next 6 months to 3 years.
READER: Yesterday's London Times reports that the London Stock Exchange
plans to close from 17 Dec to 10 Jan. Apparently the world's markets are
likewise planning to keep their collective head under the duvet until the
dust has settled following the millennium uncertainties surrounding the
dreaded 2K weevil. Any comments on this?
HW: I don't believe it. If so, there would be a panic exit beforehand.
READER: I noticed as of yesterday the E has been dropped from DCHT according
to Yahoo so that is good.
HW: Yes, and a lot more GOOD news coming! See our lastest DCHT
post.
READER: Will the stock of the month club go out this weekend?
I read about your ideas for REITS, but I did not see an official recommendation.
HW: No. It is planned for midmonth when US interest rates are higher.
READER: I read your alert for Nov 5 and took long S&P position last
night. Do you know why? I tell you Arch Crawford is an old friend. Last
time he was on TV predicting 1000 points Dow drop, it happened but after
a 500 points rally. So based on that, I took a position....Thanks for the
alert, at least one person will not complain.
HW: I hope you booked your profits Friday morning. Alternately,
you could play volatility.
READER: Don't you think that IF this did not happen, [2000 point
November drop] then, this is bad news for afund.com's credibility?
HW: No, as the majority of our major FORECASTS
are accurate. Some are wrong, that ALWAYS is true.
Subscribers please send your comments, questions and suggestions to
Letters.
"Can you afford NOT to have financial astrology
in YOUR future?"
Stop reading Wall Street, Next Week, last week: YES,
I WANT TO SUBSCRIBE
************************************************************************************