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Strategies & Market Trends : Making Money is Main Objective

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To: Softechie who wrote (321)	1/8/2001 8:57:47 PM
From: ToTradeWell	of 2155

Just how bearish am I? Based on my 13 yr charts (1987 - present) there is a very significant trendline, established from 88 to 95 on both the DOW & S&P. In 1995 things took off to the moon, & the chart trendline changes & goes vertical, to a nice top. We are now trending down on the S&P, & flat to down on the DOW. I will stick my neck out and say that we could easily go back down to that origional 1988 - 95 trendline - which means about 5200 for the DOW & 600 for the S & P. By the way, even at 5200 for DOW & 600 for S&P, we would still be in a strong uptrend when looking at a 10 yr chart. We didn't climb the mountain in a few months, so I don't expect us to descend in a few months either. But I do feel we'll go down faster than we came up. Look at the Naz. Tech usually leads the way. Wake up DOW & S&P! Just some thoughts IMO. TTW

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