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

To: Zeev Hed who wrote (14834)	4/21/2001 10:56:44 AM
From: ajtj99	Read Replies (1) \| Respond to of 30051

I would think we'd need at least another 2-months of GDP figures before we could start to speculate about an October scenario, which could depend on the market's determination that a V-shaped bottom is in. Obviously, October most recently has been a dark month for the markets. If we see GDP contracting in the 2nd quarter as well as in July, with some improvement in August, September will be the pivot month. That would set up a scenario where we could continue a climb from September or plunge into the Pit of Despair. Tax loss selling by the funds could seal an October bottom.

To: Zeev Hed who wrote (14834)	4/21/2001 4:36:05 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 30051

Zeev: Interesting scenario.If you expect the Nasdaq to bottom in October or August at around 1600 or so and then you expect a return to Nasdaq 3850 or 4250 by April-May 2002, that is one incredible move within eight months. Is that right?