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

To: stevenallen who wrote (45963)	8/19/2001 12:37:22 AM
From: LTK007	Respond to of 56532

>>I'm hoping for a nice wash out next warnings season followed by another move down with end of year tax selling - maybe taking the Naz down to 1400-1500 or so>> i don't disagree with that,but 1400-1500 would,for me,still not be the final bottom:)But i'd be buying the next bottom for sure,anyways. This 1400-1500,but not the final bottom could be as low as 1357,or whatever the October 98 low was.Then people will be buying on the first glimpse of good news,and with short covering and "don't miss the boat" action,we could press 2300. But my 2002 call will be subject to cancellation if i actually see a real recovery taking place. Yardeni,who sees S&P500 P/E at 45-1 by the end 2001,then sees flat for 2002,and recovery in 2003,saying we will just escape a full blown recession,but i am not sold on that,not at all,as of this moment.PaxMax