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Strategies & Market Trends : Asia Forum
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To: Otimer who wrote (6760)9/27/1998 9:29:00 AM
From: Stitch  Read Replies (1) of 9980
 
Otimer,

I am one who subscribes to Zeev's minimelt theory in that I think we will see a small near term rally but expect the feds will not lower interest rates (and hope they do not). So yes, we may see a short rally here but Wednesday it could be over. I then expect to see some gyrations in the market, volatility, especially in tech sector, and foreign markets also. Then, with approach of earnings reports, I would expect to see another significant correction...I would not be surprised by a 7200 dow.

Best,
Stitch
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