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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who started this subject12/7/2002 5:59:20 PM
From: exp  Read Replies (2) of 30712
 
ZEEV's provisional 2003 forecast which I find plausible:
investorshub.com

"I already have a preliminary "road map" for the first half next year, and it has three playable mini bottoms (don't hold me to that yet, but if the scenario evolves as expected, namely a run to 1619 by 1/15/03), then I have a first six weeks leg down of about 300 Naz points (nominal 1326) by 2/26 give or take 2 trading days on each of these dates, a counter trend rally, looking like the real thing again, taking out 1450 by 3/12, retreating to just 1360/80 and then another run to just under 1520 by 3/26. The next leg down to around 1220 takes until about 4/18-25 time frame and then the last leg (I don't have yet a date and a target on that bounce's top) to a low of 950 or so by mid July 2003 (nominal low date 7/16)"

Comment: We may not reach COMP 1619 or perhaps not even 1520 and we may go lower than 950 but one cannot predict these "details" right now very well. The KEY prediction is the DOWNTREND from the early Jan top at 1500-1600 level to perhaps 950 or so.
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