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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (37537)	11/19/2000 9:22:17 PM
From: ChrisJP	Read Replies (1) \| Respond to of 79202

Hi Mag, welcome back. Your projection for NAZ100 touching 2612 is only a 10% drop from here. Do you have a feel for when it will happen if at all ? Also, where do you see the S&P dropping to in mid December ? I've noticed that now that we've finally breached NASDAQ Comp 3050, the gloom & doom rhetoric has increased dramatically. I've seen the "R" word being mentioned now. I sort of treat this talk in the same category as "the new economy" talk we heard so much about this spring, lol. I swear the new economy talk peaked when the markets did. I'm sort of expecting one more downleg, maybe in the 1st quarter 2001, as the talking heads try to squeeze as many investors out as possible before things turn around. Just my thoughts. Chris