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To: Jon Khymn who wrote (145)6/6/2001 5:41:05 PM
From: Robert Scott  Respond to of 795
 
If you compute the numbers it comes up to:

Message 15900992

From today then, we have a gain potential of:

DJIA = 12.80%
S&P500 = 17.56%
Nasdaq = 23.77%

So the answer is yes if it does what it has done on an average basis over a long period of time. It has never been lower 12 months after a market low.

As to whether we have hit a market low, I think the evidence is pretty conclusive that we have - market action & rates. My model flashed a BUY signal at the end of April, 2001. In looking back since the Nasdaq began, the index was never lower after 12 months this signal.



To: Jon Khymn who wrote (145)6/14/2001 1:43:53 AM
From: Jon Khymn  Read Replies (1) | Respond to of 795
 
For long term and mid term still gloomy.
Economy outlook getting worse.
$600 quick fix, tax rebate will not boost consumer spending much.
And another 1/2% cut from Greenie won't help much now.
Expecting July report cards to be very dark, especially retails.
Based on 70% fundamental & 30% T/A, better than 60% chance that we will see new lows between Oct 2001 to Jan 2002

For short term, QQQ has support at 44.
With 10% profit target, go long Thursday morning for bounce trading (or channel trading)

QQQ 44s to 47s
BRCM 34 TO 38
BEAS 34 TO 38
CHKP 43 TO 48
EXDS 6 TO 7
NUFO 7 to 9
ORCL 15 TO 17
PMCS 31 TO 35
SEBL 44 TO 49
SUNW 16 TO 18
VTSS 21 TO 25
YHOO 17 TO 19

IF QQQ break 43, all bets off, will bail out (stop loss) and go short heavy for we are heading low, below 40...