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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (37876)	7/12/2002 9:42:38 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 52237

I think the fact that charts like that (the 1924-1934) Dow vs. 2000 NASDAQ, are gracing the front pages of IBD speaks 'volumes' to the astute market timer. BWTHDIK markethistory.com >However, in the longer term outlook I expect the bear market to continue, and may not bottom out until late this year or or early next year at a much lower level - say 800 on the Nasdaq Composite. This is based on an analog market overlay of the Dow from 1924 to 1932 with the Nasdaq beginning in mid 1994. We published this chart in mid-May (click here to read the original article with an updated chart), but you may have seen it grace the front page of Investor's Business Daily recently. This chart has proven to be a very good road map, and it indicates that we may still be quite a ways from a bottom in the Nasdaq. <