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

To: augieboo who wrote (94327)	7/14/2002 10:20:40 PM
From: LTK007	Respond to of 99280

thanks augie. this tidbit one that i feel is in the " could happen" category. <<. Right now, I actually think he should have started to go back to the 2.5% rate at least, if for no other reasons as to leave room for decreases in case a financial melt down accidentally occurs. The market will perceive a minimal rate increase as quite positive, the chant of the talking heads will be "the recovery is so strong, the feds are leaning against the wind" (edit max--don't you know they would be chanting exactly that, so why Greenspan raises to get leeway to drop again, WS will pump and spin the move as a huge bull-signal:) Zeev>> However regards the 1425 to 1595 range i find the 1595 staggeringly high(i see major resistance 1450 to 1500). Zeev will have prove his correctness on this, i don't see it happening <<Right now, I don't know yet how much worse it is going to be, I have us meandering for about six to eight weeks in a relatively narrow channel, maybe 1425 to 1595 before we go into a sharp 250 to 300 decline at the end, from the last "declining" top (probably around 1470 or so), thus the last step would be less than the Nassacre, although it will be shorter in duration (the Nassacre will be about 2 months, and Nebacle may be over in three violent weeks of an average of 80 to 100 Naz points per week.). At least, that is what the turnips have on the menu right now, that may change....particularly if Iraq speak intensifies. Zeev>>