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

To: ajtj99 who wrote (79526)	6/15/2002 9:50:02 PM
From: t2	Read Replies (3) \| Respond to of 99280

Aj, I was looking for a rapid decline to 1100 to 1200 range on the Naz back then. Just changed my mind. Won't happen any time soon. Bonds yields are just dropping so much that any stock market plunge beyond this looks iffy, imho. (near term) Should support valuations on a lot of big cap stocks...the key index drivers. Nasdaq should get a nice boost in to early July as long as the dollar index stabilizes above 110...and maybe reverses a bit as US equities have become cheaper from both decline in prices and currency. There are just too many nervous bears; no sign of optimism about the markets anywhere. By seeing me bullish, many doom and gloom believers will want to stick to their forecasts. <g> (however, I am quite bearish for the longer term...just think there are good odds for a short term rally) Looking to add to large cap longs as well as Gold shorts in the coming days. Hoping for a bit a dip in the markets this coming week...but am starting to believe that they will run this market up a lot into expiration, given all the bearish sentiment indicators (AAII, p/c etc..). What an interesting week ahead of us. IMHO, the Dollar will be the key. If it starts heading up, lookout!