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Strategies & Market Trends : Steve's Channelling Thread
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To: Boplicity who wrote (17870)6/14/2001 9:20:39 AM
From: Zeev Hed  Read Replies (1) of 30051
 
Bop, I did, it last April in #reply-13483082 particularly in the last paragraph:

"Once the three forces cited above combine to break the bullish psychology of the market, then we could be ready
for a bear market, and not a three months severe correction. These are some of the major reasons my long term
outlook is a market locked in a trading range of 6000 to 13,500 on the Dow and possibly a range of 1900 to 5200
on the Naz. It will take a good many years (five to ten, maybe 16 like in the 1966 to 1982 period?) before the
growth in earnings finally catches up with current valuations."

Mind you, medium term, till next year, I am quite bullish and after the few more swoons down we are experiencing now, I expect an extremely powerful move which by this time next year, I expect will get the Naz back to the 3800/4200 area, are you that bullish?

Zeev
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