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Pastimes : Ask Mohan about the Market

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To: Crimson Ghost who wrote (13338)	1/22/1998 8:04:00 AM
From: Zeev Hed	Read Replies (3) of 18056

George, so far the scenario is still unfolding more or less as painted late November by the turnips. A missing ingredient is the Bond which was supposed to creep back to a long terminterest aret of just under 6%, That could happen by the middle to late February if Asia does not fall appart completely. Then I think we will retest the highs in bond and possibly breach these to go to 5.5% by Late May early June, where the Turnips are still (stubbornly I would add) showing the last bottom on this down leg). Right now the turnips are still showing a very bad February, if and when we break 7600 on the Dow, the signal to "chartists" will be given to abandon ship. Zeev

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