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

To: mishedlo who wrote (3535)	7/24/2000 9:23:15 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Could very well be, but I doubt that if we get a repeat of the March/May episode we come back from an October low as the writer implies. Too many people expect this. Furthermore, the conventions are upon us and electioneering as well. The government can supply ample liquidity to the market whether AG wants it or not, and I think that politicians will do whatever is necessary to stay in power. Thus, my forecast for the monster rally to continue stays, and the current malaise is well within the turnips forecast (a run down from above 4200 on the Naz to just under 4000 where we are right now. A breach of 3865 will negate this forecast, and I will then have to call for another at least 400 Naz points decline and possibly 900 if we do not hit an extreme tic reading before that. Zeev