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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: marginmike who wrote (83415)	9/24/2002 8:36:38 PM
From: David W. Taylor	Read Replies (2) of 99985

What makes you think we are anywhere near the middle of the decline? We are barely started and the overall valuations are probably about double the current realities. Bottom line: a fall to around 4,000 on the Dow is no longer unthinkable and Bob Prechter is calling for 400.

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