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

To: Mike M who wrote (716)	10/17/2001 5:07:37 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

Absolutely, that will negate the current forecast of a potential high around 1793 (I have 1815 as a potential spike peak, but that is not critical). If that were to happen, it may be followed by a very rapid 150 Naz points decline. For those following NEWP, I do no like the report, inventories are up (more write offs?), receivable at about 85 DSO, is high as well. Order rates is not good either. We could retest the recent lows, anyone playing this be careful. If we break 1580 on the NAZ NEWP will probably be leading us down. If we hold past this FRiday above $14, I still have a run to $19 (we almost made it last time) and then a possible additional move to $22. Zeev