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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (78564)3/11/2001 8:20:32 PM
From: Zeev Hed  Read Replies (1) of 436258
 
Haim, I am thinking about 30% because of the huge bulge of liquidity the Feds have injected in the last two months, once the fear is slightly alleviated, it may spring as hard as it did January 3rd. Of course, that will be met with massive distribution, I think that the first area of resistance (the Jan lows of 2250) will be taken easily, then there will be a skirmish just under 2400 (I still have 2388), and then we'll see if it can take the last 300 points. I have a max of 2850, which I do not expect to be reached here before the year mid point. I am planning to raise cash aggressively as we get toward 2500, and by the time we get to (if we get to) 2650, I should be back at the 75% cash level. Fast, furious and over before we can say "halleluyah".

Zeev
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