Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (12352)	12/27/1997 5:22:00 PM
From: Lazarus_Long	Read Replies (2) of 94695

<< I say DOW 9,600 by Feb and the low will be 4,200 with the year closing at 4,800. >> Do I see a bear? I agree with you except for the 9600. I don't think we'll make it back to the old highs (8254 was it?). I also think it will take longer to get to the 4000-5000 range. As a rough rule, 1/3 of the decline in a bear market occurs in the first 2/3 of its duration, and the last 2/3 of the decline occurs in the last 1/3 of the duration of the bear market. I expect that the market won't drop more than 3000-4000 points, but it will be longer than one year.

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