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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Steve Lee who wrote (57444)4/26/2002 5:11:38 PM
From: DlphcOracl  Read Replies (6) of 99280
 
Steve: It is most instructive to review the posts on this message board and its predecessor (Steve's Channeling Thread) during the capitulation selloff in the last week of September. I did, and NO ONE saw that week as an intermediate or LT buying opportunity. It wasn't until one week later that Zeev and Larry Dudash thought it was a buying opportunity for more than a one day bounce. If I am wrong in this regard, a correction or clarification would be welcomed.

I still think (hope) that we will get a significant bounce in May. If I am wrong, it becomes a LT investment with my error being 10-15% premature with regard to the bottom. I maintain: (1) we will not go below 1400 this year, and (2) the Nasdaq will once again cross 2000 in the next 12 months.

If I am wrong on either count, I will be very surprised, and simply wait it out. Much easier than being on the wrong side of a short position.
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