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

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To: GTC Trader who wrote (621)5/15/1999 10:54:00 PM
From: Zeev Hed  Read Replies (1) of 708
 
Happy, very short term, "UP" at least to AMAT's earnings, then some little (but not severe) retrenchment, nervousness (and down) toward the end of next week in anticipation to FED's action (which I think will be stay pat). Overall, the turnips are more or less balanced with some indicators warning (like interest rates and excess bullish sentiments), and some indicators (mostly very short term) actually indicating the market is not due for a major dip yet.

Medium term, three to six months, I see clouds on the horizons since the US cannot continue indefinitely with the gargantuan trade deficits it is forced to have to pull the rest of the world out of economic mollasses. I also think it is becoming safer to get back into some of those golds you dumped, but I do not see gold above $300 (yet the XAU could challenge the 85 to 90 area, not a bad move from where it is now).

Zeev
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