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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (50647)	5/13/2000 3:47:00 PM
From: UnBelievable	Read Replies (1) \| Respond to of 99985

Good Heavens! A Stargazing Seer Predicts A Major Return -- to Value Barrons May 15, 2000 There may be nothing new under the sun, but one who considers the movement of that and other orbs in forecasting major market trends thinks the Earth is due for a major shift-away from momentum and back to value investing, for the next 20 years. "May is an absolutely major time of the market," says Henry Weingarten, managing director of the Astrologers Fund, a private money manager. Weingarten, whose fund is holding its eighth annual astrology and stock market seminar Thursday, opines: "We're going into a major zeitgeist shift, partly because of Barron's." Weingarten is speaking of the recent cover story that examined the rate at which some dot.com companies were burning through cash. Weingarten, who says he called the April 14 market debacle, prefers to keep his powder dry until the New York seminar. But he notes that May 17 is "a very critical day of the year," not because it's the day after the Fed meets, but because it's the day the New York Stock Exchange was born in 1792. (The seminar is on the 18th because, he says, that's a critical day in the market.) If all this sounds a bit too New-Agey for an investment guru, consider that a model fund portfolio held from January 1999 through March 7 is up 52%. Weingarten, who also looks at fundamentals in picking stocks and at technical factors in trading, notes that last year he predicted that "all the big guys [read: Soros, Robertson] were going to get burned this year" because they didn't have all the tools, and boasts that he also called the euro's decline, among other things. "Astrology is a way to chart market psychology and market timing," says Weingarten, who called the Tokyo market crash in Barron's 2 1/2 years before the event. "People say you can't market time; that's nonsense. It means they can't." He adds that many parts of the market are chartable, but that astrological knowledge isn't built into the market yet. "While there are very many top managers who use it, they're still a minority," he says. Heaven only knows if he's right.