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Pastimes : Ask Mohan about the Market

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To: Tony van Werkhooven who wrote (17293)	12/10/1998 11:47:00 AM
From: Zeev Hed	Read Replies (1) of 18056

Tony, after they called (correctly for a change) a short period of strength last Friday, they also stated that this will be followed by the current weakness. The most depressing thing is that in November they still thought we will get a holiday rally, and now they no longer think so. It is mostly down hill for few weeks with a target of about 8650 on the DOW. They tell me that if the SOX breaches 310 on this retrenchment, expect later in January to see 8650 broken. If the SOX holds, the tech could carry the market to even dizzier highs early next year with the NAZ topping 2150 or so before we face "reality". Zeev

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