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Politics : High Tolerance Plasticity
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To: jim_p who wrote (16406)9/8/2002 12:08:59 PM
From: The Ox   of 23153
 
I've said all along that the DOW should bottom in the 6500 range and I wouldn't be surprised that my target was too high by about 500 to 1000 pts. I think tossing out numbers like DOW 3700 is a big joke, with the caveat that if we have a large scale war or multiple major terrorist attacks on our own soil -- all bets are off. I respect that TA might point to 3700 but I think that it flies in the face of reality. Do we have a weak economy, sure. Is it in a panic state such that we should have the DOW drop ANOTHER 60% or more? No f-n way but that's just my opinion. Let me add that the more we read this type of analysis and the more people truly believe this bear will never end, the closer we are to the finish line.
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