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


To: Alex MG who wrote (21342)1/12/2002 12:04:59 PM
From: Zeev Hed  Read Replies (3) | Respond to of 99280
 
Alex, I wish people will stop copying my forecast (g). (revised on 12/29/01)

Message 16842549

"We have already had our first top at about 2065 (and 10220 on the Dow) earlier this month. In January I expect a run
to at least 2123 (possibly 2160) and probably within the first two weeks. Then a mild decline (no worse than 1960 or
so, probable bottom at 2010) lasting most of February. After that , I have two additional rallies failing around early
April and mid May respectively. Both of these peaking around 2250 on the Naz (outside possibility of a top at 2388).
Strangely, then I have the major decline of the year into late June (a bottom about a week or so before July fourth,
make it around June 28th plus minus two day) to about 1650 on the naz. Wading around the bottom here during the
summer months in the range of 1650 to 1940 (the first run, early in July potentially quite powerful), and depending on
the evolution of our "War against Terrorism", another major bottom late in September or very early in October this
one, possibly to 1450/80 on the Naz. From that Nadir, I have a straight move up of about 50% on the Naz to around
2150 or so by the end of 2002."

The first legg was evised last week to a high of 2098 (which was set Wednesday) and th next low around 1860 instead of the 1960 above.

Zeev



To: Alex MG who wrote (21342)1/12/2002 1:23:57 PM
From: Softechie  Read Replies (2) | Respond to of 99280
 
I'm not alone once again...The S&P 500 is selling at a record 41 times its earnings, a Price/Earnings ratio that’s sure to worsen when 4th quarter earnings, expected to be down substantially, are reported over coming weeks. So the stock market is priced for perfection, for a return to sustained earnings growth, while the economy later this year quite likely will not allow that to happen.