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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: pinhi who wrote (43250)10/13/2001 3:20:45 PM
From: T L Comiskey  Respond to of 65232
 
Zeev Speaks.......
ps feels Qcom is heading 55 way (short term)
Tim
To:Jay Dreifus who wrote (392)
From: Zeev Hed
Saturday, Oct 13, 2001 12:44 PM
View Replies (2) | Respond to of 420

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



To: pinhi who wrote (43250)10/13/2001 5:58:04 PM
From: Mannie  Respond to of 65232
 
Hey Buddy,

I'll bet you've got some beautiful colors going on back there. I plan to take a motorcycle ride tomorrow to check out the color we have here.

No I haven't been writing CC's lately, I have largely been doing nothing. Too volatile, with a downward inclination, for me. I am still concerned with valuations. Once I feel the markets are relatively fairly valued, companies start making profits again, and the economy starts to turn around, I'll be right back in there writing.

I am looking for a real estate opportunity or two, but the market is holding up relatively well here still.
How are those cc's working out for you?

Scott