I don't see how we avoid testing the lows of 1998. The question is, are we better off now, economically, than we were in 1998? If not, we see new lows!
I say we see at least a DOW 7300!
stockcharts.com[h,a]waclynmy[d19980801,20010920][pf][iut!Ub14!Ua12,26,9]
We'll test the lows of 1300 on the NASDAQ. We may even test the lows of 1000, going back to 1996.
I say 1000-ish on the NASDAQ!
stockcharts.com[h,a]maclynmy[d19950801,20010920][pf][iut!Ub14!Ua12,26,9]
As his Dogginess says, "Sure as gravity!"
dabear |