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Post# of 704041
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Zeev Hed

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Zeev Hed

Re: jrintl post# 103946

Friday, 05/02/2003 6:07:50 PM

Friday, May 02, 2003 6:07:50 PM

Post# of 704041
Right now, I doubt that the Naz retrenchment will be to much worse than 1425 or so in the near future, if it gets under 1414, that might be reevaluated. The May/June major decline I had postulated earlier in the year got annulled by the December highs being taken out, by new highs finally following the indices and the mild volume expansion. Few other parameters, though are still indicating major dangers, but on balance the score got actually to neutral from very negative just a few weeks ago. I don't have a bull sign on yet.

Zeev

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