Zeev Speaks.......
ps feels Qcom is heading 55 way (short term)
Tim
To:Jay Dreifus who wrote (392)
From: Zeev Hed
Saturday, Oct 13, 2001 12:44 PM
View Replies (2) | Respond to of 420
I really do not have that mapped out right now, tentatively, I have November 7th (give or take two days) as the top just under
1800 (1793 with a possible intraday high of 1815). If we indeed get the next peak that early, I would expect a sharp decline
first, with a mild counter rally, and then the decline to take between 4 to 6 weeks, with a worst case scenario of a low around
1500 (this one still cloudy so plus minus 50 naz points) around December 19th (within two trading days). If we get that, then I
see a steady advance for a solid two to three quarters, with mild declines during February and May next year. Target top late in
2002 (and possibly early 2003) of around 3000 on the Naz (which would probably be a double from the bottom set in
December). Remember, the turnips reserve the right to be wrong, change their mind and change it often...
We'll need to watch the 2250 area as a major hindrance to that rosy scenario, and until we capture that level, a lot of flux in the
forecast will be left.
Zeev |
