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

To: puborectalis who wrote (80800)	7/24/2001 9:16:27 AM
From: High-Tech East	Respond to of 99985

Joey the batman ... I would not buy a used newspaper from him ... he only had a clue in 1996 through 1999 when tech stocks were going straight up ... ... Joe Battapaglia's targets for December 31, 2001 are ... DJIA - 12,700 S&P 500 - 1,650 Nasdaq Composite - 3,000 Note, however, that, last year, on 11/13/2000, his targets for the end of the year 2000 - which, at that time was only 32 trading days away ... were ... DJIA - 12,500 ............................. which actually ended year at 10,787 ... a miss of 13.7% in 32 days ... S&P 500 - 1,625 ........................... which actually ended year at 1,320 ... a miss of 18.8% in 32 days ... Nasdaq Composite - 4,300 .............. which actually ended year at 2,471 ... a miss of 42.5% in 32 days ... NOW, if Joe does as badly from now till the end of this year as he did in the last 32 trading days of last year, where might we finish the year 2001? DJIA - 12,700 ..................................... minus 13.7% = 10,960 S&P 500 - 1,650 ................................... minus 18.8% = 1,340 Nasdaq Composite - 3,000 ...................... minus 42.5% = 1,725 ... nahhh, that is too high on all of them. Ken Wilson Note ... little Joey predicted a 5% increase in GDP for Q4 ... uh huh, Joe ...