Zeev's view
To:Rich1 who wrote (74611)
From: Zeev Hed
Tuesday, Jun 4, 2002 9:53 PM
View Replies (2) | Respond to of 74625
Rich, I have this bounce petering before 2:30 tomorrow, my best time frame is a "gap and crap" with a high in the first hour, a minor low (possibly above today's close) by 11:30/12:00 and then a second milder attempt up which should peter out (most probably within 5 points of the morning high, either above or below) around 1:30, at the latest 2:30. I have us closing in the red, BWDIK. As for gold, West and I are in disagreement here, I see about a $25/28 decline in gold over the next two month. The actual local top may take another week or two (max as late as June 26?) and could run to just under $340 (in that case, the decline could be as large as $30 to $309 or so). I would not short gold, because there are going to be violent bounces and we are a tad early yet.
Zeev |
