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Strategies & Market Trends : Guidance II
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To: Dave Gore who wrote (634)3/15/2002 7:11:56 AM
From: ChrisJP  Read Replies (1) of 2077
 
Thanks Dave,

I'm gonna repeat my current mantra which is:

NASDAQ won't go below 1650 is because no one want to be the dummy who sold at the bottom. NASDAQ won't go much over 2000 because the economy and earnings don't justify it.

Unless Japan goes down the tubes (or some other unspeakable disaster occurs), then all bets are off.

S&P 500 -- have you guys noticed that for the last 3 or 4 months the S&P 500 has been between 1060 and 1180 ? IMO, no reason to expect this trend to change either.

I'm really hoping the NASDAQ drips down to 1700ish by this summer and we start seeing days where LESS THAN 1B SHARES are traded.

Chris
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