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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.44+1.6%Nov 10 4:00 PM EST

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To: ibg who wrote (68046)1/30/2001 8:58:18 PM
From: Zeev Hed  Read Replies (3) of 99985
 
Right now, my "visibility" beyond next March is "poor. I have a tentative low early March in the 2200 to 2300, with an outside possibility of 1900 on the Naz. Then a strong rally of six to 10 weeks, getting us to about 3150 (almost 50% bounce), but a resumption of the decline with a low either in August (highest probability) or October (lower probability) at 1900, then a strong rally almost uninterrupted till the end of January 2002 or April if we bottom in October. That rally, could get us to about 4000 to 4200 on the Naz, IMTO. Of course, my last April forecast was not that good in its details, nor my last September one (I had us going down, but not breaching 3000 by more that 50, and as you know, we went much lower than that <g>).

Zeev
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