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Strategies & Market Trends : Ask DrBob

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To: onefatslob who wrote (6617)9/28/2000 2:57:32 AM
From: Drbob512  Read Replies (2) of 100058
 
onefatslob: While it is possible for the Nasdaq to imitate the Nikkei of 90/91 and crash to 2500, it appears unlikely to me. I think there is a likelihood of the Nasdaq being within 2-3 weeks of the timing bottom preceding the beginning of the new bull market, which might begin in the second half of October. There is a much greater chance that the lows will be either around the 3521/3614 area than the 2500 area, and there could be a very temporary break to or towards the 3227 area, imho...

What do you think?
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