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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (23696)	5/28/2000 1:17:00 AM
From: SirRealist	Read Replies (1) \| Respond to of 42787

Try this: put up a 3 yr chart of the NAS and draw a straight line through the heart of the first 2 years (before 99's bubble). Run that line through today, then to year's end. If we presume the rate of rise was reasonable through Sept of 99, we'd be someplace near 3000 now and 4000 by year's end. However, on a 4 year chart, it actually looks like the upward departure took place at the end of November 98. If that's the proper rate, we'd sink to the 2500 neighborhood. I'd maintain that the rate of technological growth has increased sufficiently in the past 18 months to warrant the higher rate.... meaning our bottom of 3042, if not the actual bottom, is pretty close. On the other hand, my gut says we get a normal post holiday rally, but it stalls Wednesday due to the MSFT decision, which might come as early as the close of Friday. Not till that's past can I feel confident of a sustainable rally. Just my guess; as good as any, I spoze. Kevin