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Non-Tech : The WOLF PACK

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To: CBurnett who wrote (1654)	10/7/2000 7:11:27 AM
From: ChrisJP	Read Replies (1) of 1692

Well the good news is that the DOW and the S&P have pretty much sucked since April 1999. So maybe at worst we'll see DOW 8000 & S&P 1200 -- around April next year. The NASDAQ has the biggest exposure, its the index that went up an obscene 70% in 6 months (Nov 1999 - March 2000). Don't rule out 2200 - 2600. Yikes ! Rather than predict support levels, its may be easier to predict the conditions that need to be in place for a turn around. The sign those conditions are in place will be ..... a FED rate reduction ! IMO those conditions include oil @ $25/barrel and unemployment @ 4.3%. Not so sure how the euro and other currency exchanges will factor in. Doesn't mean I won't try to play in-between earnings season rallies. Doesn't mean I'll make money either, lol Regards, Chris

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