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Post# of 704019
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Zeev Hed

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Zeev Hed

Re: nancy2 post# 216180

Wednesday, 03/10/2004 10:15:33 PM

Wednesday, March 10, 2004 10:15:33 PM

Post# of 704019
I would feel better as well, but if you go to the May 2000 bottoms, the first bottom after the big decline from the March high that year, you will see that it had similar characteristics. The main question is if the bounce gets us bak on track according to the original plan, or ends up lower. Right now, I still have us making new highs later this summer. Look, the plan was for a double bottom in the March period, ending in the range of 1842 to 1915, we are not even close, so why should I change the forecast now? look again at the 12/25/03 forecast and you'll see we are following the first three months of that forecast pretty well (see Kayaker's thread for that post). Mind you, just as my bear call on 1/8 was about two weeks premature, the damage was minimal (we run another 50 Naz points in a topping formation), right here the forecast might be a little early as well. I am not putting on my bull horns, as yet (we are still under the bear call from 1/8, #msg-2085673 #msg-2085873), but I assure you these are being polished as I type.

AZH

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