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Strategies & Market Trends : Ask DrBob

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To: shoreco who wrote (88824)	1/4/2005 8:39:29 PM
From: shoreco	Read Replies (1) of 100058

Tonight seems like a good time to lay out my projections for 2005... I think 2005 will be a traders market where the swings will be far greater than the tight range we experinced in 2004... I say this because I believe all the forces that were at work in 2004 will no longer be behind the scenes... Markets never go straight up or straight down for that matter, but since March 2003 this market has all but forgotten about the days of the Great Bear... I think the SPX has a near term top not so far above our current levels (maybe 1250ish), but I'm going to go out on a limb and call for a low of around 1000ish in the latter part of the Summer into the Fall. I think the end of 2005 will be far different than those of 2003 and 2004, but I'm not ruling out a year end rally, I just think it will come from far lower levels and we'll end the year with little or no gains on the indices... I think the DOW will become a favorite place this year (a safe haven) and will probably out-perform the small caps. I'm going for a new all time high (not by much) and a low around 9400ish... I think the Nasdaq will toy around the 2000k mark (flipping above and below, but I think the highs are already in and i'm looking for a low around 1650ish... The RUT and SML will get smacked around a little this year and while new all time highs are possible (we're really close now), I'm going to call for lows of 500ish and 250ish respectively... There you have it, this "forecast" is anything but a bulls dream, and more or less a swing traders paradise... May the trend be with you... EOM Shoreco

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