Date: Mon, 30 Jan 1995 01:10:23 GMT
Subject: WALL-STREET-NEWS - New on the Net
Date: Sun, 29 Jan 1995 16:46:36 -0800
From: WallSt@ix.netcom.com (Paul Farrell)
Subject: NEW ON NET ... "WALL-STREET-NEWS"
WSTN: WALL-STREET-NEWS BROADCASTING SUPER-STATION
Welcome to the Wall-Street-News, WSTN, the Internet Broadcasting
Super-Station, your resource for financial forecasting.
WSTN goes beyond reporting the news .. we forecast the news. WSTN
covers the major financial markets; stocks. bonds, currencies,
commodities, precious metals, and the economy. WSTN's news team: our
forecasts come directly from financial newsletters published by the top
market forecasters. Our Wall-Street-News Hotline broadcasts include:
..Hotspots; trends, prices and turning points. ..Bull vs. Bear
sentiment, a consensus summary. ..Quotes from our expert market
forecasters, ..Editorial analysis and commentary. The first of your
Wall-Street-News broadcasts should arrive within the next few days.
"PROFIT ON NEWS OF THE FUTURE!"
FORECASTS FOR WEEK OF JAN.30-FEB.3, 1995
the INTERNET BROADCASTING SUPER-STATION
financial markets, investments, business, economics.
BOTTOMLINE this WEEK: This week sentiment is shifting to the WSTN Bears.
S&P 500 & Dow outlook; 65% Bears: increasing to 80% Bearish the
following week. Bonds, 60% Bears. The WSTN consensus is 55% Bearish on
Gold, Crude Oil is turning 60% Bullish in the near-term.
HOTSPOTS this WEEK (Trends, Timing & Turning Points): Stocks & Bonds
vulnerable to a major trend change on the 1st and the 3rd of Feb as high
QUOTES: BEARS SEE A MAJOR CORRECTION IN FEBRUARY.
..An Ominous Divergence
..Greatest Speculative Play in a Generation
..Calm Before The Storm
..The Market's In a Very High Risk Zone
..The Problem Month of 1995
..A Nasty Panic is Setting Up
..Short Squeeze, Then Bears Clobber Bulls
..A 6 Decade Uptrend Topping
..Time to Get Out, Take Profits
..The Market Will Go South
..A Significant Correction
..Very Deep & Ugly Decline
IN SHORT, THE BEARS ARE GOING WILD IN FEBRUARY.
FORECASTS from the Leading Financial Advisory Newsletters.
KEY HEADLINE: FEBRUARY IS 1995's "PROBLEM CHILD!" ... THEN "STRAIGHT
UP," AN "INVESTOR'S DREAM!"
STOCKS...THE BEARS PUSHING STOCKS OVER THE EDGE !
Frank Barbera, Gold Stock Technician. "Calm before the storm...could
see a dramatic move."
Dr. Madan Gupta, Investments Timing Analyst. "An ominous
divergence...Similar divergences in 1987 and 1990 produced major
declines over a short period. The market will remain in a very high
risk zone...until the end of Feb...Investors interested in playing the
market...buy Feb. put options on the S&P 100 index. Conservative
investors are advised to stay parked in money market funds."
Dan Sullivan, The Chartist. "Bear market, need a washout in the
Larry Berg, Whole Earth Forecaster. "Extremely Bearish...go contrary
the market trend on Feb.3rd."
Stephen Wendel, StockPro Technologies. "The last week of upbias, then
the tide turns...expect a short squeeze this week, then the tide turns,
the Bears will clobber them next week."
Gregory Meadors, Market Systems Newsletter. "Feb. looks choppy...
turning point dates: Feb.1st (high)...6th (low)."
Dr. Hans G. Lenz, Astro-Market-Letter, Germany. "Expect falling stock
prices [to] continue thru Feb...The market will go south."
Raymond Merriman, M.M.A. Cycles Report. "Potential for major events
leading to a disruption...is not over. A drop to 3250 or lower is still
possible, [as is] a move to 4150 or higher - and probably quickly."
Graham Bates, Investment Manager, London. "A correction...300 points
off the DJIA."
Ted Kunzog, The Asset Allocator. "Possibility of a significant
correction...below DJIA 3100."
Kennedy Gammage, Richland Report. "Extremely volatile year...rally into
Feb, then a very deep and ugly decline."
Damara Diamond, Astro Geometrics Journal. "S&P500...a decline to reach
the downward projection at 448.40 by the end of this month and then a
continuation of a move up."
Robert Prechter, The Elliott Wave Theorist. "An uptrend lasting over
six decades is topping."
1995 STOCKS...AFTER THE CORRECTION, AN INVESTOR'S DREAM!
Glenn Neely, Elliott Wave Institute. "The S&P stands at one of its most
important junctures in many months... Poised to begin its largest and
most powerful advance in more than 12 months."
Richard Mogey, Foundation For The Study of Cycles. "February is the
'problem month' for 1995..no big gainer until a correction...final high
the first week of Feb, then sell- off...by April, next major rally...Dow
to 5000, at least 4650 in 1995...bonds rally first, then stocks."
Arch Crawford, Crawford Perspectives, "New highs very soon...Bullish 1st
Quarter, 4100-4300 by April 1st."
Peter Eliades, StockMarket Cycles. "If, in fact, you see the DJIA go to
a new all time high...between now and Feb 3...we will face one of the
great speculative plays in a generation or more."
Stephen Todd, The Todd Market Timer. "A kickoff rally...explosive
Robert Morrow, Hi-Tech Growth Forecaster. "Expect Bear market to end in
1stQ...then straight up...an investor's dream in 1995."
Dr. Gupta, "A very good year for stocks with the Dow climbing to about
the 4400 level."
Mark Leibovit, The Leibovit Line, "Bullish...Dow headed for 4400."
Walter Bressert, CycleWatch. "S&P... continue higher...and could rise
Barbara Koval, Intelligent Market Insights Newsletter, "Roaring 1995
BONDS, INTEREST RATES AND THE GLOBAL MONETARY CRISIS.
Tom Petruno, Los Angeles Times. "Move over, Mexico: The currency
devaluation game is now a global affair. Spain, Italy, Canada, Hong
Kong, Thai... Indeed, currencies are just messengers of bigger
problems." Mogey, "The market is already factoring in a rate
increase...the economy is on the brink of a precipice...1996 will be a
poor environment for bonds...possible default on Federal debt...or some
kind of adjustment... leading monetary indicators [could] signal a
recession within six months, to start in 1996...not a repeat of the
30's, but like the Reconstruction [post-Civil War monetary
Leo Hood, Profiles. "Dollar in real trouble...we can't be guarantor to
world currencies...possible free-fall...need positions in gold."
Neely, "A move in Bonds back above the Sept'94 high, and possibly above
the Oct'93 high. That would return 10-year cash yields to at least the
7% range...prepare for the most important buy signal in Bonds since
Larry Acker, 3F Forecasts. "Up from now to at least mid-Feb. [Buy] on
any weakness ...dump by mid-Feb."
Norm Winski, Astro-Trend Newsletter. "Recommend avoiding the T-Bond
market until Feb.5...dangerous situation."
Merriman, "Until prices exceed 100/26...look for selling
opportunities...a major cycle low coming up Jan.30-Feb.10."
GOLD...HESITATING, OR ANOTHER RUN FOR 400 AGAIN?
Tim Bost, Financial Cycles. "Gold...a solid base at $380, setting the
stage for a sharp price increase." Winski, "For the first time in many
months...Gold is starting to look interesting ...ripe for a good move
[to] the upside." Dr. Hannula, "Set for a retest of the top of the
trading range." Merriman, "Readying for a strong move [up to] $384-395."
Drakulich, "Gold going back to $400 and Silver above $6.00." Crawford,
"Negative until early Mar...heavy buyer in late March." Gammage, "Gold
bottom, then tremendous rally." Dr. Gupta, "Short-term low in Gold...in
Feb." Kunzog, "Gold will return to the $363 level before a sustainable
advance." Neely, "Next decline in Gold will be between $15 and $25."
Mogey, "Gold will go over $1,000 per ounce [by the end of the decade.]
This cycle happens quickly."
OIL: THE LONG & SHORT OF IT.
Jerry Welch, Commodity Insight. "Oil...first buy recommendation in a
year and a half." Bates, "Major move up in oil is about to begin."
Winski, "Higher prices and our upside target is 19.85." Mogey, "Oil over
$80/barrel by 2000." Carol Mull, The Astro-Investor Newsletter. Near-
term opportunities to short oil stocks: Exxon, Mobil, Apache Oil &
by Dr. Paul B. Farrell, Managing Editor
AFTER THE CORRECTION: A DEPRESSION? OR A "ROARING BULL MARKET?"
HOTSPOTS: UGLY, NASTY DECLINE! Grab your seats! The roller-coaster
ride's about to begin! If February lives up to it's billing (see "Bad
Rap" box) and the FNX forecasters are on target, the markets are about
to drop off a cliff! Potential short squeeze this week as the upbias
could continue until Friday. The Fed meeting (and the Super Bowl) will
set the stage. Expect major surprises (a quarter point hike? a San
Diego win?) triggering twists and turns in a dramatic, even historic
ride the next few weeks.
STOCKS...THE "BIG MOVE!" The moment of truth has arrived. A large
majority of the FNX forecasters have been targeting February as a major
turning point...well, February is here, folks. A skilled trader like
W.D. Gann would have been waiting patiently for a month like February
1995, preparing for the "Big Move." Even treating it with sacred
reverence. Planning ahead so as to take full advantage of the action.
This is the time for big moves, and big profits! A conservative
investor, a buy-and-hold investor is better advised to go to cash and
sit on the sidelines this month.
SO WHAT IF NOTHING HAPPENS? If it doesn't, it certainly won't be the
first time the market's fooled everybody and gone against the majority.
It happened last October. In spite of all the predictions of a Big Move
- both up and down - the market wound up relatively flat. Or the
Contrarians could say, "Hey, I told you so. There are too many Bears
...you should expect a Bull rally." Good theory, but don't count on it
this time. Expect the unexpected. A big surpris!.
AN ECONOMIC TURNING POINT? Let's face it, the Fed's hikes have been
chasing, driving, pushing an anxious, nervous market for almost a year
now. Well, that scenario's about to run out of gas. We're in a global
currency crisis with problems surfacing everywhere, Canada, Mexico,
Italy, Asia, and more. The Kobe quake and Japan's capital needs. The
1994 U.S. trade deficit hit a new record high. Orange County has put
the spotlight on the muni-bonds generally, plus the derivatives business
and big-time investment advisors. Russia's on the warpath again. Peace
is seriously challenged in the Middle East. The great Republican
takeover is weakening, forcing Newt to back off both his book contract
and some of his Contract with America. Meanwhile, we're told that the
U.S. economy's in great shape. That it's doing so well, that it's
overheating, causing inflation. Yet, as Richard Mogey points out,
statistics are misleading, the man and woman on Main Street knows
something's wrong...very wrong with our economy. If we're on the edge
of a precipice...do we go over now, or later?
"PROFIT ON NEWS OF THE FUTURE"
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