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Strategies & Market Trends : The Thread II

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To: SirRealist who wrote (2627)	6/24/2001 2:15:27 PM
From: ChrisJP	Read Replies (1) of 9026

Hi Kevin, I read the post containing your prediction for the NASDAQ. Although I basically agree with you fundamental analysis, I disagree with your time table. My guess -- NASDAQ 1800ish in mid July 1400 - 1600ish in mid/late October and again in Dec. The NASDAQ bottoms in mid/late March at 1100 - 1400. Some fabulous bouncing in between. Late-July/early August should have a rebound -- and so should late Dec -mid January. The recover may start occurring in 2nd quarter 2002 but it will be a very slow recovery, and it won't be obvious this time. Therefore, pre-tax selling pressure will occur again and the NASDAQ will bottom as the economy bottoms. Also, like you said, a lot of companies will finally close their doors Feb & March 2002. Looking for S&P 500 of 900 - 1100 between now and March 2002. Just my thoughts, Chris

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