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Post# of 704019
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Zeev Hed

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Zeev Hed

Re: JimQuinceH post# 223435

Friday, 03/26/2004 7:52:18 AM

Friday, March 26, 2004 7:52:18 AM

Post# of 704019
There are problems with the recent bottom, similar to the problems I had with the March 2003 bottom). I can weigh in a heavier way last year's scenario into the model and get tis to be the bottom. I am reluctant to do that since as it is the model has worked pretty well since about 1996 or so when I finished refining it. That is why I'll turn just neutral if we take 1983 and bullish if other momentum indicators work my way later. Right now, until the fat lady sings, I'll have to stay with my current scenario. Another level that was taken (1955, for those remembering the shift in stance when 1955 was taken in December...) is also adding to the bullish stance, and that stance will be reinforced if 1955 is not breached in the next few days.

AZH

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