Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: LTK007 who wrote (83557)	6/22/2002 9:27:03 PM
From: SirRealist	Read Replies (2) of 99280

What goes up must come down and bounce back up theory 101: Market cycle low within 9 days of FOMC: 1230-1260 Market cycle high within 10 days of 9-11: 1745 Gold cycle high: within 2 days of 7/5 (50% higher than here on selected diggers) Economic peaks: homebuilders & autos, which gave skewed readings of consumer buying in the past 9 months. Also defense stocks that oughta be shorted, like OSIS. Hot sectors after the bottom: <snicker> Internet stocks No really. Watch for CNET, NFLX, NSCN, etc. Key to watch for: value, value, value, in small-mid caps. M&As in a few prime software such as EPNY. Some bigcaps have already bounced off the bottom, so don't expect as much there. 52 wk Forecast: By midOctober, NASDy back to 1400. Very horizontal trading in the 1250-1450 range till early December. Slide to new bottoms in April-May betw 1005-1050. That'll be de bottom.

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