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


To: Zeev Hed who wrote (28433)9/21/2001 10:21:25 PM
From: orkrious  Read Replies (1) | Respond to of 30051
 
Normally, the semis are a major leader in Nasdaq moves. With valuations still "stretched" by historical measures (ALTR at 7x sales, INTC 5x sales, even MU at 2.5x sales for a commodity producer), do you see them leading? Or is there some other group? networkers maybe? In new bull moves, there are usually new leaders. Internet and network security maybe, such as VRSN and CHKP, or maybe biotechs?

thanks again

Jay



To: Zeev Hed who wrote (28433)9/21/2001 10:22:42 PM
From: anon  Read Replies (1) | Respond to of 30051
 
hi Zeev, i don't think we've seen the lows yet. I have sept 26 as the next CIT. Before that i had a CIT on sept 13th but we'll never know if it would have been a high or low(although i think we were set to rally into that date +/-one day.)
I think the DOW will see mid 7000s on sept 26 +/-. Do your turnips have any room for further decline into mid week? Have a good weekend.

P.S. i think a rally into that date would be a bad set up for the rest of the month.



To: Zeev Hed who wrote (28433)9/21/2001 10:52:42 PM
From: McNabb Brothers  Read Replies (1) | Respond to of 30051
 
Zeev,

Just wanted say thanks for all your postings and hope and pray for all the free world economies that your prediction will come true! For if the free world economies fail then Bin Laden and his followers will have accomplished exactly what they wanted if we allow it to happen!

Hank



To: Zeev Hed who wrote (28433)9/22/2001 2:51:53 PM
From: ajtj99  Read Replies (2) | Respond to of 30051
 
Zeev, I see you've consulted our 1987 SPX history lesson for your forecast for the rest of this year.

The SPX hit 216 on the October 20 low, rose to 257 on November 6, and double bottomed on the October 19 closing low of 224 on December 7.

I think it's a fair parallel.