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To: Shane Venem who wrote (14184)6/4/2000 12:33:00 AM
From: Gersh Avery of 15132
 
Hi Shane ..

Thought about what Bob said about the rally ..

1. he said that the NAZ was up 19% now since his call.
2. he said that it could go as high as 25% maybe more.
3. he said the time frame for the end of the NAZ rally could be in July or August.
4. he said that there will be volatility along the way.

OK .. so then between now and the end of this counter trend rally, we could see the NAZ go up another 6% (perhaps even more) .. sometime between now and August. And expect volatility along the way.. All good with me.

That means that the meat of the move in the NAZ has already taken place and that there isn't much more room to the upside. Next there will be volatility before the final top .. cool with me, I play options .. I love volatility.

So then .. there is supposed to be volatile movement both up and down over the next few weeks. And we are in the upper side of the range right now. (not the top according to Bob .. OK, cool)

There's room for both the bulls and bears in that.
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