Hurricane Sandy: Forecasters warn pre-Halloween 'perfect storm' will strike East Coast

Experts from the Weather Channel are also cautioning residents across the north easte states, including North Carolina, New York, Delaware, Maryland, and Virginia.

Residents in coastal areas are advised to take precaution as the deadly storm barrels its way up the U.S. shoreline. Early forecasting by NOAA reveals that the storm could hit somewhere between Pennsylvania and Long Island, putting central New Jersey at the greatest risk thus far.

Those in the tri-state area are no strangers to deadly super storm threats. Only last year, Hurricane Irene ploughed through the greater New York City area, causing extensive damage. However, the overall impact was less than expected.

Projection: A satellite image taken Thursday shows the massive Category One storm as it makes its way north; it could hit by East Coast by Halloween

Upwind: A pelican flies with the wind produced by hurricane Sandy's outer bands at Haulover Beach on Thursday in Miami

The ‘Frankenstorm’ could also deposit snowfall as far south as North Carolina, according to WThe Wall Street Joual’s Metropolis blog.

Govement meteorologists are giving the storm a 70 percent chance of hitting land next week, ruining Halloween celebrations for millions of children who have dressed up for trick or treating door knocks.

'The potential is there,' said National Weather Service scientist Charlie Foley.

The horrific storm could happen if Hurricane Sandy in the Caribbean, an early winter storm in the West, and a blast of arctic air from the North collide, sloshing and parking over the country's most populous coastal corridor starting Sunday.

The worst of it should peak early Tuesday, but it will stretch into midweek, forecasters say.

'It'll be a rough couple days from Hatteras up to Cape Cod,' said forecaster Jim Cisco of the National Oceanic and Atmospheric Administration prediction center in College Park, Maryland. 'We don't have many mode precedents for what the models are suggesting.'

This weather map forecast for Monday next week shows that Hurricane Sandy could converge with a blocking weather system to form a re-run of 1991's Perfect Storm and cause up to $1 billion worth of damage

With high and low pressure systems acting as a blocking weather patte - the likelihood that Hurricane Sandy and could collide with them and create a massive storm system early next week has been rated at 70 percent 

It is likely to hit during a full moon when tides are near their highest, increasing coastal flooding potential, NOAA forecasts wa. And with some trees still leafy and the potential for snow, power outages could last to Election Day, some meteorologists fear. They say it has all the earmarks of a billion-dollar storm.

Currently, Sandy is moving through the Caribbean with high winds and heavy rain.

It made landfall in southeaste Jamaica yesterday with a wind speed of 80 mph and has already been responsible for the death of one person in Haiti and two in Jamaica.

Some have compared it to the so-called Perfect Storm that struck off the coast of New England in 1991, but Cisco said that one didn't hit as populated an area and is not comparable to what the East Coast may be facing. Nor is it like last year's Halloween storm, which was merely an early snowstorm in the Northeast.