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To: Haim R. Branisteanu who wrote (78560)	3/11/2001 8:06:18 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 436258

Which time frame, I have the naz in the 1900 to 5300 for the next five years (I had them in that range for the last two..for seven years, five more to go...). Short term, I have 2000- to 2650 (till April), but then after a few more trips down toward 1900, I have a very strong rally to 4300 by April 2002, then, another swoon down (and a recession, this time with feds tightening too much because they got too scared here) to 50% of the peak we reach. I am in a minority in c;laiming that we will not have a recession this year, and I of course, may be quite wrong (g). Zeev