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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (82043)3/18/2001 10:24:06 AM
From: marginmike  Read Replies (2) of 436258
 
Look if the DOW really correct here it could go to 4000-5000. I dont think it will, but I wouldnt bet it either way. I think this selloff has a few elements of 73, 90(j) and 29. The stealth bear market, and nifty 50 situation since 1998 was much like the late 60's. The failure of interest rates to help is indicitive of all three. If you look at 29' or 90(j) we have a litlle further down before a rally in Naz. If you follow the 73 modell we should be close to a bottom. In either case a ST rally is pretty close at hand.
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