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

To: John Madarasz who wrote (35869)	11/17/2000 9:29:31 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 42787

why dont we just go back to 1150, and start all over again?

To: John Madarasz who wrote (35869)	11/17/2000 10:50:16 PM
From: Les H	Respond to of 42787

Unfortunately, the Wilshire 5000 index is still well short of bear market territory of 20%. The last time it was dented for 20%, Greenspan raised rates 3 times. bigcharts.com Looks like 50 is the next stop for NTAP where it will be a mere P/E of 100.

To: John Madarasz who wrote (35869)	11/18/2000 9:44:34 AM
From: timers	Respond to of 42787

I don't go along with all those bear/bull stats because the rise from 1500 to 5000 was out of this world and therefore antiquated for this instance imho. I think those stats should only apply if the rise is on an even keel....something like 10-20% a year. Then the 61% pullback would really mean something and would in fact imho be really bearish. This mkt could bounce back to mid to upper 3000's and maybe even 4000 on nothing more than a bear market rally after which the nas could resume down to under 2000. That kind of BOUNCE would also probably not be predicted with those fib stats because I would suspect that those stats were formed in periods of relatively gradual inclines... not an incline from 1500 to 5000 in a yr or two. All bear/bull stats that don't take into account the huuuuge rise in a short period of time that we had are not worth much to me. The nas is trading like a mo mo stock and is doing just what a mo mo stock would do. Analysts have been using antiquated stat information for the last year in describing the nasdaq and just about the time that everyone says "bear!" due to that information is about the time a bear rally could ensue. A bearish nas imo is when it gets stuck under 2000 and then 1500 and starts back down from there. That's where it was a couple years back. During bear markets most indexes don't have a problem going where they were 2 years back. Or 3. Or 4. Or 5.....