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To: mishedlo who wrote (7837)12/20/2000 1:10:15 PM
From: mishedlo  Respond to of 13572
 
I am still in amazement that people thought the bottom was in. My new thought is for every 100 points we fall below 2500 this year, I am lowering my target for next year by the same amount.

Thus I have next years bottom at 1900-150 or 1750 or so (and falling rapidly).
I have no real reasons for this theory, except for the fact that I believe the bottom will be next year in the glooms of layoffs of the hard landing recession.

M