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Pastimes : From A to Zeev" -- SI Sacks Zeev

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To: Zeev Hed who wrote (502)10/14/1998 3:03:00 PM
From: space cadet  Read Replies (1) of 708
 
Zeev, at least so far today, the Nasdaq is having a tremendous day. It looks like to me that last week washed out all the sellers and we go up from here, at least for the next few weeks. I know both you and I were expecting weakness in Oct but just as the correction started in Aug before I expected in, so the recovery looks like it has started a month before I was expecting it. I think a lot of people were like you and I and were waiting for things to get even cheaper. I don't see that happening now. Technically it looks like we made a double bottom last week, tested support, it held and now we are off to the races. msft is very strong today, back over 100. And as goes msft so goes the Nasdaq. I hope you are right and I do get another chance to get back in on the cheap. Something tells me that we may have to wait another 6 months for the next correction. Looks like you and I disagree here. I wish I hadn't listened so much to Favors since he too is predicting doom and gloom right in Oct. If it doesn't happen he will have lost all credibility with me. I give Acampora a lot of credit for admitting he was wrong and changing his mind right away based on what he saw.

Well we'll see soon enough, I guess.
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