Elaine Garzarelli Message Board

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Non-Tech : Elaine Garzarelli

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To: Andy Nemo who wrote (278)	4/19/1997 10:59:00 PM
From: Zeev Hed	of 292

Well, I have not posted my views here for two weeks, but I have done so on the golddigger thread. We are just at the point (6700) which I expected the market to recover to. I actually see some possible strength to the middle of the week, maybe all the way to the end, but I am starting to remove my bets from the table. The next stop after this rally peters out (and I would say the peak should be here the latest by Friday) is about 6200 on the Dow, and possibly as low as 1175 on the Nasdaq, possibly lower. If this decline develops into something very nasty and the the tick refuses to go below -1000, andd the put/call ratio remanins anemic during the decline, much lower targets could be fulfilled. We'll see as this story evolves. Zeev

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