George, I think that by now, I have said it about 15 times (g), short term I expect an inverted W top, we probably had the first leg here around 2200, maybe up to 2250 next week, then I expect a down leg to 1850, and a run to about 2250/2388, depending on the nature of that run, I'll have to decide on the next step, the current model has 1636 retest by August and possibly lower. I squarely disagree with Don Hays, that we have entered a new secular bull move. IMTO, post this summer (or Autumn) lows, we will have a short (less than one year) cyclical (rather than secular) bull move, topping sometime late April of 2002, possibly early May, depending on the start of the move). This strong cyclical bull has a target high of between 3850 and 4350 on the Naz, as of now.
Zeev |
