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Re: techanalyst1 post# 174491

Tuesday, 11/25/2003 5:40:49 PM

Tuesday, November 25, 2003 5:40:49 PM

Post# of 704019
Last time we had that argument a fortnight back, on the thread, we were less than 10 points from 2k. All I can give you is the results of the model, it does not have taking out 2000 before the end of the year, it actually has us meandering (and the model just lowered the bottom back to the 1942/50 area) between 1850 and 1950, give few points each way, till about Christmas (or a day or two before before) and then a powerful run finally culminating with 2000 being taken (and 2056 as a first target), it could happen just before the year ends and it could just be in the middle of a 200 points run from around 1850 to 2056... Few minutes before the close, LSCP was reestablished at $14.57 for a very nice discount. I could not report, since I was indisposed for the last two hours or so. That still leaves me with more than 50% cash here reflecting my position that we have reached the top of the "meandering range".

AZH

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