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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: s berg who wrote (63307)	11/28/2000 9:53:39 PM
From: s berg	Respond to of 99985

A while ago when Nasdaq was hovering above 3000 I guessed it would make a new low around here that would finally hold. The idea was that the market was clearly looking for a bottom and 3000 was not holding. But now, we have painfully discounted much negative data and a new year is coming. This year still most resembles 1994 in terms of a modest loss in the total market. We now could use another year like 1995. Of course in 94 we really did get an economic soft landing. My guess is that unless we get new fundimentally bad economic data, i.e. a recession or other less mentioned risks (major stagflation or reacceleration of the economy sufficient to invoke further Fed tightening)a good year is coming despite the hex of the first year of a presidential term. Do others think 2650 will be the long term bottom.