Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: longdong_63 who wrote (76235)	6/7/2002 5:32:11 PM
From: Softechie	Respond to of 99280

By this time next year if economy not improving then Nasdaq will fall near 1000 or below. From what's been going on last few months in the market and it's not selling below 9/01 low then one thing: they're waiting for corporate profits to come back and not capitulating although it will be a long wait IMO.

To: longdong_63 who wrote (76235)	6/7/2002 7:00:55 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

The low in October of 1998 was about 1343 or so, I am taking a panic spike under it to 1296 (to also break a "psychological" level at 1300) as the "ultimate" potential bottom, for a variety of reasons, but if that is breached, I really have no way to target the next level except using various fib ratio of the most recent (by then) declines. None of these are particularly good. I think that so far, since the April breach, the market is following a very tight scenario, which should culminate in an excellent bottom as planned around the 28th, if, the market continues with the scenario. The break today was a little deeper (and earlier) than anticipated, but it does not change the general scene by too much. Just as the Mid May bounce all the way to the top of the expected range, did not change much the outcome of the Nassacre in General. Zeev