Wall Street, Next Week is our weekly Email/Fax newsletter.
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1. NO MORE BULL
2. TRADING OCTOBER
3. CASH ALLOCATION
4. PREMIUM CHANNELS
5. LETTERS
Some Investors are acting as if the bear market is over...
DON'T TAKE BULL FOR AN ANSWER IN THE MARKET. I don't, why should you?
Of course Alan Greenspan on September 29 will try to make everything all right by reducing US interest rates .25 to .50 basis points. The former would ignite a SELL OFF within 12 hours, the latter course could postpone it for 48 hours to 30 days.
To keep matters from being too dull, the release of the Clinton material Monday could be countertrend.
Key Dates: September 28, 29 October 1,2,5
US Bonds: Short 4.99 to 5%
2. October Positives: Interest Rates, November Election, Clinton
October Negatives: Clinton, Market Valuations, Hedge Funds losses, Astrology, Reality, etc.
September 29 FOMC Meeting is positioned in advance of October 1, 2, and 5 plus 4 other October days that represent extraordinary DANGER for buy and hold investors. November puts anyone?
Conversely, they also represent EXTRAORDINARY profitable opportunities for traders. We can expect some WILD, WiLD swings and 200-300% daily profits AND losses. EXPECT NO MERCY. A thousand point drop is NOT out of the question, nor is a 500 point explosion to the upside. We will try to keep WSNW traders informed in a timely fashion in our Daily Market Commentary. Stay tuned.
3. CASH RE-ALLOCATION
We have recommended maximum cash and bond allocation for some time. That included the use of little or no margin. However, in the not so distance future, we will put our money back to work as well as reducing US bond allocations. Depending on whether you are more of bull or bear persuasion, generally we suggest you put available cash back into the market as follows:
MARKET LEVEL IF A BULL IF A BEAR
7500 25 0
7000 50 25
6500 75 50
6000 100 75
INVESTOR WATCH:
Recently Lucent (LU) has started to slide, when joined by Walmart (WMT) and Microsoft (MSFT) remember Chicken Little: THE SKY WILL BE FALLING.
September's Stock of the Month Pick OXFORD (OXHP) reached 100% profit less than 21 days. Both short and intermediate term players have sold out. Long term investors can hold for 20+ within the next 12-18 months.
4. AFUND SILVER INVESTING CHANNEL
DOW JONES STOCKS
UP STARS
DOWN STARS
STOCK OF THE MONTH ALERTS
AFUNDGOLD TRADING CHANNEL
DAILY MARKET COMMENT
WALL STREET, NEXT WEEK ALERTS
5. Re: "Remember, while our forecast is for a 6000-8600 DJIA, there are NO guarantees. The market can't go to 5000 or even 4000. So don't be fully invested at such "Bargain basement" pricing."
HW: Whoops, that should have been "can" NOT "can't"! The market can go to 5000 or even 4000. Sorry but was rushing to the NY Wine Country.
I have read your book.... not bad. Which book do you recommend next?
HW: No clear second choice. You have to read a lot of other books for just snipets of information. CLICK Here to visit our bookstore.
My password etc. doesn't get me into the premium channels, right? Just recently I found the UP and Down choices on the page. Thanks,
HW: Your trading password is for our Gold channels. At the moment, the Silver Investing channel is open by using the name ""subscriber" and password: wsnw. Please note this is a work in progress to let investor subscribers know what we will be offering them in the future.
Q: Where would I find definitions for all the letters you give that make no sense to me? I'm sure they're shortcuts to something important! RE: symbols mentioned are like: circa, P1-P3, spz, OCO, OB, MOC.where's the dictionary? Thanks
HW: This is our trading lingo. Read Here for help on Wall Street Alerts.
Just wondering if there is any news that is causing IHI stock to drop???
HW: Not that I am aware of. Recent news has been consistently GOOD. Although progress is slower than some of us would like, it is STEADY and moving forward. Only a matter of time. I simply buy a little now and again and know that despite being in Vancouver, it will EVENTUALLY do what I expected long ago.
"Can you afford NOT to have financial astrology in YOUR future?"
Please send your comments, questions and suggestions to Letters,
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