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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 671.93

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Nov 14 4:00 PM EST

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To: Johnny Canuck who wrote (36496)	3/19/2002 12:59:42 PM
From: Dave Gore	Read Replies (1) of 68054

CORRECTION --- QQQ's apparently topped out at 120. But that's still 16-33% returns in all likelihood. People may not know that the QQQ's were $120 in March 2000 and now $37+. That's what happens when the Naz drops from 5K to 2K. But I wonder, is it reasonable to assume the NAZ will get back to 5,000 in the next 20 years? If so, will the QQQ's ramp up 325% from current levels in 20 years? By my math, that is 16+% per year annualized returns. Of course, if it gets back to Naz 5000 in 10 years, that means 33% annualized returns. Not many daytraders can expect that. In fact 25% of them will be lucky to make any money at all. So.... should we just average our money every month into the QQQ's and call it a decade and hang out at the beach or so some volunteer work or even get a real job? No mutual fund fees, lots of diversification, not a bad plan for many perhaps.

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