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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Link Lady who wrote (16244)	8/25/1998 8:46:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 18056

Wendy, as usual, the Turnips reserve the right to change their mind, it does not mean they have to. So far the scenario is going pretty well according to schedule. Right here, up the first week in September, a smallish rally could goo to 8800 on the Dow, but even that seems doubtful, we may have used most of the positive ammo from the decline in interest rates (I think that 5.37 will be the floor for few weeks), and tomorrow may actually be a down day. After about the end of the first trading week in September, the wobbling will, in the turnips' opinion, become more severe as the paralysis in Japan spread its damaging vibes on the rest of Asia, and after the Russian malaise spread to its former "colonies" first and then starts hitting its bankers (Germany, the king pin of the European fortress). Not a pretty picture until the end of October. Of course, we first have to break 8250 before it becomes really ugly, but unfortunately, I think that is a very strong possibility. Zeev PS AMAT may lead the SOX down hard tomorrow, they are down more than a buck on the Instinet, I hear.