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


To: Zeev Hed who wrote (15006)4/25/2001 6:27:33 AM
From: GREENLAW4-7  Read Replies (1) | Respond to of 30051
 
Zeef, what happens if 2000 holds?? Would this cause as I believe more sideline money, or is it a head fake back to 1850 as you expect?

I still think this rally will take us to 2800-3000 basing that on the facts most earnings expectations could be priced into market. As well I think when next Q warnings in about 3-4 weeks come in it will be a bump, but by then NASD should be at 2500-2600. Better visability, and earnings should take the NASD to 2800-3000 by July at the earliest.

But I see HUGE SELLING in Sept, and Oct that will take us back to the sub 2000 level in a matter of 4-6 weeks!

Zeef, you are now the man!!