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1. HAPPY HALLOWEEN
2. THE CASE FOR GOLD
3. ASIA
4. WHEN TO SELL PART I
5. QUOTE
6. LETTERS
Was the October 20 top of 8600 a mirror of the July 20 top of 9300? Dead ahead next week is the second pass of Saturn square Neptune, which is exact on Halloween Saturday.
"If the Treasury and the Federal Reserve have been intervening in the
stock market because it is the last defense against economic crisis --
as I very much suspect --the investors need to know what they are getting
into.... The recent surge in the stock market for instance, was a calculated
effort on the part of Washington to raise profits for some of the Wall
Street firms in trouble. If the ploy doesn't work, Wall Street will be
temporarily helped. But the losses for small investors will be forever."
Full story at Memo to Alan Greenspan by John Crudele.
KEY DATES: Oct 30
DJIA: P1 8100 P2 8000 P3 7908
2. Why we are increasing Gold allocation 5% - U.S. August Trade Deficit Widens to Record $16.774 Bln:
Washington, Oct. 20 (Bloomberg) The U.S. international trade deficit in goods and services widened in August to the highest level on record as exports fell to a 1 1/2-year low and imports increased....The deficit for the month was the widest since the government started tracking trade in goods and services on a monthly basis in January 1992, the Commerce Department said. As this is a secular trend, we recommend continuing US diversification.
3. We are pleased that we will be writing a special Asian edition of INVESTING BY THE STARS for Reuters CQ Capital Market Quarterly. This may also be accessed by Reuters 3000 subscribers in Asia. This, like INVESTING BY THE STARS special moneyminded edition for Hearst, is the future of serious astrological journalism.
Despite the reduced pressure on the HK$ from lower US interest rates, as well as future positive astrological influences for China and Hong Kong, the HSI above 9500 is highly unrealistic. Also, given that Japan has to work out a super serious banking crisis next year, we also recommend AVOIDING this market at this time and price (Nikkei above 14,000). Periodical updates on our Asia posts on our web site.
4. INVESTORS: YOU SHOULD NOT ONLY SELL STOCKS WHEN YOU HAVE PROFITS OR BREAK EVEN.
You should sell when you don't believe the stock is going higher. It does NOT matter what you paid for the stock originally. What matters is today's price and what it is likely to be for the foreseeable future.
5. Asked recently why she missed this year's plunge, Ms. Cohen said that she focuses primarily on U.S. economic and business fundamentals, and that she hadn't foreseen a Russian bond default.
"Our tool kit doesn't include things like portfolio insurance [a risky hedging strategy], which was a problem in 1987, or leverage in hedge funds, which was a problem this year," she said, adding, "We are not presenting ourselves as technical analysts; we are not presenting ourselves as astrologists."
HW: The correct terminology is astrologers, not astrologists.
6.Wed. Oct. 21st, North Node enters Leo. Will the market rally (according
to Louise McWhirter)? I feel this will be a short-lived rally as Saturn
is coming to square Uranus again even though NN is in Leo. What say you?
HW: I say WSNW Alert 34A - Sell.
Q: What do you think about the Year 2000 situation? I think that is
going to cause some serious havoc around the world too.
A: Our views are being posted at MILLENNIUM 2000.
I need more guidance for the American market. Is your Platinum service
for me?
HW: Our platinum service incorporates both our Silver and Gold channels.
In addition, Platinum subscribers receive: 1) Global Opportunity Alerts,
2) Access to our Platinum channel e.g. Jupiter and Saturn portfolios,
international and industry sector watches.
3) As a newsletter writer, I can NOT deal with individual situations.
With premium service ($3500 annually), I answer questions about AFUND trading
and investing as applied to your managed portfolios.
You are mentioning SPZ960 which I guess is a future. Could you indicate
target levels of the actual S&P (SPX) for people like me that do not
trade futures but OEX?
A: I work with both SP futures and DJIA cash. I will try to give both
in future, and where applicable, OEX prices, as sometimes market support
and resistance is determined by OEX levels as well.
I am a little confused in reading Cadbury. His projections are almost
the opposite of what you are forecasting this week and next week. Could
you please explain?
HW: We look at different data. Cadbury focuses primarily on money flows,
option premiums and various technical indicators. I use various combinations
of fundamental, technical and astrological data.
My BIG picture view is a declining economy and a 7000 DJIA;
Cadbury's big picture is low interest rate environment and a 10,000
DJIA.
PS On October 21 Fax 1873, Chris went short in his short term trading (while flat in his intermediate term accounts and still long on long term accounts.)
As we post on our web site only his Monday edition, you miss his midweek trading advice if you are not a subscriber to his service.
I hope you do not mind me sharing with you my impression about October
10.
I think that you forecasted with incredible accuracy a very important
day both for Friday the 9 and Monday the 12. The only problem is that you
did not believed what you were seeing and you changed the forecast into
a bearish one.
Personally, I hope that in the future you will not impose your beliefs
to the facts and that if you do not feel sure you say so. Perfection does
not exist. It is better to pass one deal, than to get burned. I think that
maybe now I have to second guess you. I hope you do not take this as a
negative criticism.
HW: First, let me say, I had traders burnout from so many perfect calls
and was anxious to flatten my positions. Unfortunately I was working without
a partner during this period.
From my system, I believed a quick 1000-point move was (correctly) there. The fact it did not materialize over the weekend on the downside, BY MY SYSTEM on Monday, I SHOULD have reversed, but instead I faded this signal, as you know. One reason was I had a safety net in reserve. I had the HIGHEST confidence that Friday's economic report was terrible and would give me at least 200+ points to the downside.
I, unfortunately was not looking at Alan's horoscope. I expected the next .25 point move down in November, obviously ignoring White House election pressure.
I don't believe you should follow ANY newsletter writer, but always try to confirm with your own or another's market views. Otherwise simply use them as your money manager and let them worry about it. Hopefully, you had plenty of profit since July 20, and will be making serious money again with our WSNW 34 Alert series again.
As a day trader with large portfolios, I am having great trouble with
this market and its continuing climb. Your report today said there are
negative indications for this afternoon. Where are you placing your bets?
HW: Short short short. Remember 8600 is the top of our forecasting
6000-8600 trading range. We have advised clients to exit into maximum cash
allocation. Anyway, ACT NOW with the DJIA above 8600!
I consider your alerts a "life support mechanism" :) Lots of "gurus"
are talking up 1100-1120 cash S&P for this current move.
HW: Isn't that the wrong direction?
"Can you afford NOT to have financial astrology in YOUR future?"
Please send your comments, questions and suggestions to Letters,
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