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Pastimes : Ask Mohan about the Market

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To: studdog who wrote (8220)	11/16/1997 11:38:00 PM
From: Zeev Hed	Read Replies (1) of 18056

Not really, I am still saying that by the end of this week we will be back under 7500 (in essence this is changed from last week call of being under 7400 by Friday,, but that comes under my perogative to be wrong and wrong often). The next three months I view as weak until the latter days of Dec (maybe "retesting the 7000 area), then a spirited rally of about 5 to 6% (7300 to 7400) which dies after the infusion of new cash early in the new year is exhausted, and then a general decline of about 1200 dow points to late Feb early March (beware of the ides <VBG>. The real question is what will change my outlook, and that would be a decissive break under 6% in the long bond and /or a breakout above about 7750 on the DOW and staying there. Zeev Zeev

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