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


To: Zeev Hed who wrote (23056)8/6/2001 12:52:35 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 30051
 
Zeev:

The big liquidity injections to date have been fully absorbed just keeping the market from totally collapsing. Never in history has a bubble been quickly resurrected once broken.

I too am looking for a big NAZ rally later this year but I see almost no chance of anything close to 4000. I envsion a move from perhaps 1600 to 2500. Maybe 2800 tops. Still a very nice move, but no more bubble valuations.