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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (4922)	8/21/2002 12:04:55 AM
From: SOROS	Read Replies (1) of 89467

Do you think CNBC will have this guy on? I'd love to see their faces if he got booked by mistake. Kudlow might "ether" him. Unified Market Theory, Short-Term Forecast: The Unified Market Theory short-term forecast has been modified. The new formula for forecasting the market does two things better than the old model: 1) It projects turning points more accurately. 2) It projects trend two months ahead of time, rather than one month with the old model. The forecast below was made on August 16, 2002. The short-term, counter-trend rally in the S&P 500 Index is now all but over. A number of intermediate and short-term indicators have reached over-bought levels. Also, the S&P Index is now up against massive overhead resistance at the 950 head-and-shoulders neckline level. A quick drop below minor support at 775 is expected. After that, a panic could easily develop -- dropping the S&P 500 Index to as low as 300, which is about 1/3 of its current level. The panic is now projected to occur during the first two or three weeks of September. stevepuetzletter.com

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