Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: eddieww who wrote (37019)	12/4/2000 9:35:25 AM
From: Paul Shread	Read Replies (2) \| Respond to of 42787

Interesting FIB comments; can't help but notice that we took a breather at -41% (38.6%?), and now at -50%. -62% isn't a bad target; for some reason, I recall 1700 being a target for another technical reason, which I can't remember offhand. I wouldn't be surprised to see the market hit 8200 Dow and 1000 SPX, the 84 log trendlines, before this is over. Four Fed officials have said don't count on the Greenspan put, and that doesn't surprise me; Greenspan worries more about panics (98 and 87) than good old-fashioned bear markets. Washington Post had an article yesterday which said that to revert to the mean, the Dow would go nowhere for three years and the Nasdaq would go nowhere for 8 years. washingtonpost.com