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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (392)	10/13/2001 9:36:56 AM
From: Mark Johnson	Respond to of 99280

Seems like some investors feel we've hit bottom but we have no solid numbers that a turnaround has begun..... Last weeks corporate earnings reports weren't that bad, and I'd say we could continue up for awhile..... Good chance also that this was just another sucker rally....... So in closing I'd like to say, that the markets could go down for awhile then turnaround and go up or sideways for the short or long-term depending on national psychology....So it's best to remain cautiously/agressive or cautiously/consevative depending on market catalysts which could light a fuse on either end unless the fuse is lit from both sides simultaneously....

To: orkrious who wrote (392)	10/13/2001 12:44:41 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 99280

I really do not have that mapped out right now, tentatively, I have November 7th (give or take two days) as the top just under 1800 (1793 with a possible intraday high of 1815). If we indeed get the next peak that early, I would expect a sharp decline first, with a mild counter rally, and then the decline to take between 4 to 6 weeks, with a worst case scenario of a low around 1500 (this one still cloudy so plus minus 50 naz points) around December 19th (within two trading days). If we get that, then I see a steady advance for a solid two to three quarters, with mild declines during February and May next year. Target top late in 2002 (and possibly early 2003) of around 3000 on the Naz (which would probably be a double from the bottom set in December). Remember, the turnips reserve the right to be wrong, change their mind and change it often... We'll need to watch the 2250 area as a major hindrance to that rosy scenario, and until we capture that level, a lot of flux in the forecast will be left. Zeev