Replies to post #153142 on Zeev's Turnips Patch-No Politics (ZEEV)

[cannabis]

Well,I don't know about the indexes,but lately E*Signal has flashed these types of quote spreads afterhours:

9-19-03
...............bid...........ask
MERQ...32.10 x 69.71
QLGC...24.20 x 77.94
SNDK...43.71 x 89.84
CYMI...30.30 x 63.20
KLAC...32.01 x 81.44
MSFT...18.13 x 41.80
INTC...17.50 x 40.72
NVLS...23.25 x 51.79
EBAY...30.84 x 78.97
VRTS...20.46 x 49.59
AMAT...13.23 x 27.74
CSCO...12.08 x 29.97
QCOM...26.71 x 63.47
CCMP...36.42 x 87.32
SYMC...32.37 x 94.26
AMZN...29.91 x 65.36
YHOO...24.42 x 49.99

So either the market tanks and bottoms at those bid price levels,or the bull continues and tops at those ask price levels.Using INTC just as an example,the Naz will drop 40% and bottoms at 1143.42,or the bull continues up 40% and tops at 2667.98.Time frame...mid-Aug 2004,but could be slightly sooner.Most of these momos will drop or go up at a faster rate than the Naz,so some math needed.Stuff like MERQ,SNDK,QLGC,VRTS,CCMP,QCOM could drop or rise 60-65% compared to the Naz's 40%(ex. MERQ drops to $18 or tops at $84...SNDK bottoms at $23 or tops out at $110).So set your open buys or open sells now.Simple,huh.<g>

[DlphcOracl]

pantmaker: Strictly a guess on my part, but....

....I would bet that the Nasdaq will reach 2200-2300 sometime between now and May 2004. Remember, though ---- that is no longer as impressive as it sounds; it is only 15-20% above current levels over the next 6 months.