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Re: Zeev Hed post# 50423

Saturday, 11/30/2002 12:52:30 PM

Saturday, November 30, 2002 12:52:30 PM

Post# of 704041
As a matter of fact, if we take out 1619, convicingly, then even without that sharp retracement 1936 is not out of the question for 2003, in my model.

Just to be clear, are you saying if we do not have a significant retracement from where we are now, and sail past 1619 from here (for the most part), that 1936 is in the cards?

IOW, a high cash position will remain until either A) A sharp retracement from near these levels currently or B) If 1619 is taken out (where you would again put on your bull suit?)?

I'm pretty sure I read you right, but just wanted some confirmation. TIA



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