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1. HARVEST MOON
2. JAPAN
3. MONEY MANAGEMENT
4. LETTERS
Well sure ain't boring! Monday's Full Moon is the Harvest Full Moon. Have you picked (sold) your ripe fruit (stocks)? We foresee the October trend still down, so keep your powder dry.
Since our first choice for the Big Bang is October 10, as traders we will be maximum short October 9 and 12th. Shortly thereafter, we will be both buying and selling.
Key dates October 5,10
DJIA: P1 7380 P2 7000 P3 6500
BONDS: Sell P2 4.80 P3 4.50
2. While the Japanese market flirts with a 13,000 floor and hence within buying range of 13,500, we are in NO HURRY. Should support hold, our ceiling is circa 15,500. However, should the NIKKEI drop further to 12,216, we are prepared to begin accumulation buying BIG TIME.
3. October 1 we began offering a new program for investors with account minimums of $100,000. Our investment management service is for individuals who are looking for professional management and maximum return within the framework of chosen risk and reward. Proprietary time and pricing models will be used to endeavor to market time and globally select stocks to endeavor to achieve above market returns. Key buy and sell decisions will rely on financial astrology.
The decision to employ investment counsel usually involves two questions:
Can they manage my money better than I can?
Do I wish to devote the time necessary to properly invest in my future?
If choosing Henry Weingarten as my money manager, there is a third question to be asked:
Do I desire the input of professional financial astrological guidance?
I am currently offering a choice of two public account programs and two private account programs. For more information see Money.
4. Q: When do you see the next rally for oil shares?
A : There COULD be a supply squeeze as well as a further drop in the US $, and thus a minor rally over the next 45 days. Longer term, we are waiting for March just ahead of the final pass of Saturn square Neptune in April before a real fundamental turn around situation could begin.
Q: Question - What is so important about Oct. 10? Chris Carolan has Oct. 16 as the short term low for the mkt - any thoughts on that?
A: Time will tell.....
I am a new subscriber this week. I could not find on http://afund.com/afund591.htm your definitions page what OCO and SPZ mean. Thanks for your help.
HW: OCO = ORDER CANCEL ORDER.
CASH SP = SPX FUTURES: H = March, M = June, U = September, Z = December.
Could I have the 2 year subscription at $500.00 whilst it is still on offer? Please add it to the existing year I have taken out recently. Your accuracy in the short time I have been a subscriber has astounded me and it is most helpful as a trader to have the timing helped in such a great way, thank you.
HW: Yes, existing subscribers can extend their subscriptions at the old rates until October 10.
Could you please explain why on point 3 you suggest to invest cash in the market only to the bears and not the bulls. Did I miss something? Also on point 5, if the market goes to 5000/4000, why not enter the market 100% in cash then? I am misreading you.
A: At any given moment in time, I am advising a variety of traders and investors with different time horizons and market views. Clearly bulls are more anxious to invest in the market than Bears and therefore we advise them to enter before a more value oriented player. Who knows if the market will drop below 6000, although that is not my bet. If you stay 100% in cash waiting for that, you may miss the market. It is important to try to make money in ALL markets. It is also important to try to make money whether your market view is right or wrong. Of course, when you are right, you should make more!
Q: Why no October Stock of the Month Club pick?
A: Ahead of Oct 10, no way! However, we are considering two candidates: Motorola (MOT) which is at a 52 week low and BRYO (BRIO Technology) which is a potential hot January stock. Stay tuned.
Please send me information on investing in your mutual fund. I am an astrologer myself, but only play with financial astrology a little. Would like to let the experts handle it.
HW: I agree regarding professional money management. Currently we manage money but not in mutual fund format. We have just reduced our current account minimums to $100,000. If this is of interest to you, see our new postings at Money. In the future, we may be offering other programs with lower account minimums.
The following came from the daily market commentary for [9/29]] where do I find these recommendations i.e. on [9/28] "Yesterday we recommended shorting AOL circa 120 and bought Bryo at 10 for an intermediate term trade to 12 1/2 within 3-4 months."
HW: We did not give these out to our gold clients. We are showing samples of some of our platinum, institutional and private client work. We are still experimenting with the format of our different levels of service. The BRYO for example, is still easily duplicated, and my penchant for shorting AOL (upon good news) is well known, and while you would not have been able to short AOL at 120, you easily could have profited from a short from 115 to 100 or below.
Henry you did it again! Amazing! Congratulations. I sold my puts WAY too soon! Too scary to reenter on the short side.
HW: One good reason to subscribe to Wall Street, Next Week is that markets are more predictable, offer fewer surprises and hence, should be far less scary.
Just wanted to share my observation that today's action once again suggested the intervention of the government's crash protection team. The rally appears to have been fabricated in order to give the impression that traders were receiving Pres Clinton's remarks this AM with enthusiasm and optimism. The REAL market reaction to his little talk was a notable downdraft of about 50 points during and immediately afterwards. When the market failed to surge on its own as hoped, later they engineered a large cap rally to fool the average Joe into thinking that "now there's a plan so everything will be all right". The CPT had to intervene again later in the day again when the "rally" started to fizzle. Breadth wasn't so hot and of course the Nasdaq had trouble getting off the ground. Great shorting opportunity it would appear.
HW: Don't know if the government CPT was responsible or not, but agree an excellent shorting opportunity. And IF what you say it true, it is ONLY postponing the inevitable to allow the big boys to exit ahead of "the average Joe."
"Can you afford NOT to have financial astrology in YOUR future?"
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