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To: John Madarasz who wrote (141165)	1/1/2002 1:33:10 PM
From: sun-tzu	Read Replies (1) \| Respond to of 436258

no, i do not think any index is in a bull market. since the DOW is the barometer, based on age, my view of the secularity is as follows... 1920-1949...secular bear 1949-1965...secular bull 1965-1982...secular bear 1982-2000...secular bull 2000-????...secular bear when i say the naz trendline is a secular bull aberration, i mean that it's secular bear market low has not been established. if the naz index' inception dated back to say 1965, i would feel more comfortable using the lows of the index in order to establish a firm trendline.