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

To: golfnut777 who wrote (23221)	8/7/2001 2:36:10 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

You are right, since the top in May, the market has not behaved as I expected and by yesterday we should have reached 1850 according to my "model". I could be a week or two too early, or even (god forbid <g>) be completely wrong. That does not change my opinion that we will drop into the 400' in the Sox, before this cycle is over, that is where we dropped to in December and again late in March, in both cases, the naz was quite far from 1400. Apart of that what will be the Naz valuation at 1400? Is it inconceivable to see such a drop? Zeev