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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (62862)	7/28/2002 7:36:25 AM
From: ChrisJP	Read Replies (1) \| Respond to of 208838

Hi Dale, I've read the analysis in the link you provided. amateur-investors.com It all looks good except for the charts that show the long term trend line of the DOW and NASDAQ from 1988 - 1995 and extrapolate to 2002. They show the DOW should be at 7500 and the S&P 500 at 780. These charts should be done on a logarithmic scale, not a linear scale. If you do that, you get much higher "should be" values for the DOW and S&P 500. I did the S&P 500 a while back and came up with 900 - 1000. So we are below the long term trend line. But I agree with the support levels (which we are pretty much at). Chris