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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (1386)	5/2/2000 9:03:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Sergio, long time no see. Welcome to our modest abode. I think that we are going to a new low for a number of reasons. Interest rates is one of these, internal technical weakness another, but most important the political environment. The "powers" will need a very strong market going into the election (a version of "it is the economy, stupid"), if we started a very strong market from the 4500 area on the naz, we would peter off due to excess valuation by election day, if we start around 3000, there is a good chance of putting in a good "desperation" technical bottom, and who would not feel "good" if by election day the DOW is above 12,000 and the NAZ is challenging the all times highs? Zeev