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Re: Zeev Hed post# 23428

Sunday, 09/08/2002 9:31:32 AM

Sunday, September 08, 2002 9:31:32 AM

Post# of 704041

Zeev- If you dont have a wash out what happens as we invade Iraq and we stay around these levels into the process. The reality of military action is likely to bring a drop I think and may be the catalyst for the 6-8 week retestof the earlier reaction lows.

I recall one of your early scenarios that had a 3 week Fall selloff into a possible military action. The LTBH 'sellers' may be gone but the 'shorters with lack of buyers' environment may bring this about.

Just wondering who would aggressively commit cash with a pending military action now that we have Great Britian on board.

John

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