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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (71416)5/25/2002 11:25:27 AM
From: Crimson Ghost  Read Replies (1) of 99280
 
Zeev:

After holding up for several years, the nifty-fifty were crushed and made their lows in late 1974. And that marked the end of the 1968-74 secular bear, although the next secular bull did not begin until 1982.

I expect a similar pattern this time. I doubt the Dow will go much below 9400 in the June massacre if recent trading patterns continue. But I suspect we will test the lows this fall and those lows will give way. The Wilshire 5000 probably will get smashed together with the Dow. And that may finally trigger enough fear and pessimism to put in a good bottom.
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