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Politics : Formerly About Applied Materials

AMAT 253.43

+2.0%

3:59 PM EST

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To: michael97123 who wrote (66329)	9/28/2002 2:27:48 PM
From: Zeev Hed	Read Replies (1) of 70976

Mike, when the bears get smug and over confident (as it seems they are doing now buying Rydex BEARX with abandon), it is time for the bulls to rejoice and ready their ammunition. Due to the seasonal effect of the first half of October, and the uncertainty with Iraq, we may still have few tremors between here and mu current target end of this period (10/22), but I do not expect a major leg down as many expect here, just more of the same we had since late July, a sharp rally here and there (actually, more here then there, IMTO) and then back-filling again, but within three months or so (let say the first week of January), I expect us to leave behind the 1200/1300 on the naz for a good solid advance. I still see us reaching quite rapidly the 1388 area, and after a small respite early in December another launch to above 1550 by late January. Zeev

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