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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Bernard Ng who wrote (92757)9/29/2001 6:30:38 PM
From: ChrisJP  Read Replies (1) of 150070
 
Hey Bernard, here's a stock chart for you. Its the S&P 500 since about 1987.

siliconinvestor.com

First, the S&P 500 is oversold ON A MONTHLY BASIS. yay !

Second, notice the line made by the S&P 500 from 1991 - 1993. Almost a straight line. It you extend that line out to 2001, you get something like S&P 500 = about 950.

So IMO even if the markets haven't bottomed, they should return to this trend line sooner or later.

Chris
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