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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: ColleenB who wrote (45710)	8/10/2001 2:43:42 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 56532

Max is optimistic by nature. I think his estimate is far too high. Nasdaq 600 by 2004. CD

To: ColleenB who wrote (45710)	8/10/2001 2:49:14 PM
From: LTK007	Respond to of 56532

the only reason people think it is impossible to get that low is because of the IMMENSITY of the bubble they have lost all perpective. Facts are Bear Markets can not die until the cycle is finished and that is to reach into underevaluation----fair evaluation could,in a mildly recovering economy would be about 1250,about now. People haven't realized that techs will never return to their previous growth rates(and some of those growth rates were "fantasy land propaganda" But that 1000 is by 2003,we could press 2875,on the first glimpse of a recovering economy and a knee-jerk frenzy occurs that "Happy Days are Here Again".And then reality starts to settle in,that those days are gone.Max

To: ColleenB who wrote (45710)	8/10/2001 2:59:21 PM
From: LTK007	Respond to of 56532

Do you know Bill Meehan?? If you do,i should note i have seen him on Bloomberg TV several times saying he is BUYING techs now(a few select ones, that is).He was a tech super bear,so to keep this balanced i figure i best tell you Bill Meehan is buying.Max

To: ColleenB who wrote (45710)	8/10/2001 3:31:18 PM
From: furrfu	Read Replies (4) \| Respond to of 56532

Colleen, Back in March I posted monthly charts of COMPX and INDU with regression lines of 2 std. deviations. As soon as I figure out where my webpage is, I'll give you the links. Using the period 10-88 thru 4-92 (because it was close to 12% per annum) to draw the line, the line was just under 1000 for mid-2001. As we stand today, we are clocking along at ~16% Year-Over-Year growth since the late Eighties! I would like to think that Max and CD are out of their respective heads, but I lean more towards their position than toward the one that says the bottom is (almost) in. Doug p.s. At least the Naz has done some correcting. The Dow is even farther out of whack.