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

To: t2 who wrote (92135)	7/7/2002 3:15:46 PM
From: Softechie	Respond to of 99280

"Markets to fall further 50 per cent" FFFFFAAAAAAAAAAACCCCCCCCCCCCCCCKKKKKKKKKKKKKKK!!!!

To: t2 who wrote (92135)	7/7/2002 3:22:33 PM
From: LTK007	Respond to of 99280

well he doesn't mince words does he <<There's some market rubbish being talked about bottom and capitulation, but I have never heard such garbage," he says. "The market will bottom when Microsoft [MSFT, News, Chart, Research] trades on 10 times earnings [it's currently 32.2]. Dell [DELL, News, Chart, Research] is on 40 times earnings, but I'm pretty convinced it will go to 10." >> and also his <<Where will it end? So where will it all end? Mr Hendry argues that the last five years of gains from a bull market are typically wiped out in the following bear market. As markets peaked in March 2000, we need to fall back to March 1995 levels before reaching the bottom, he believes.>>

To: t2 who wrote (92135)	7/7/2002 4:16:43 PM
From: sylvester80	Read Replies (2) \| Respond to of 99280

Since we took out the Sep lows, anything is possible. Levels to watch are: - 1357/1344 - low of 1998 - 1300/1315 C wave of 1754 top zigzag - 1200/1196=low of 1997 - near 1100 (downchannel of Apr 01/Sep 01 lows - based on tops) - near 1000 (downchannel of Apr 01/Sep 01 lows - based on bottoms) - 1000/1008=low of 1996 - near 800 (all Nasdaq data trend channel top) - near 600 (all Nasdaq data trend channel bottom)