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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Hawk who wrote (15388)	12/9/1997 8:58:00 PM
From: Raiders	Respond to of 50167

This market will peak out around Mid January. After that I expect the market to corect atleast 10%. The correction in Nasdaq and Dow Jones will be lead by financials and the top tech stocks like IBM,Intel,Dell and Cisco. In the financials it will be led down by Citicorp and Chase. This year will be closed out with Dow around 8150-8250. Personally I am going to start accumulating SPX puts in around the second week of January. History Repeats in the Market and I expect the Asian Markets and Bad Retail sales # to bother the market till Mid June. I dont not see interest rates to go higher. My Prediction is that next six months will be really bad for the bulls and the test of the lows that happened in October-November tiem frame to occur again very soon. Just my opinion. Naren