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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (22960)	8/22/2002 2:24:09 AM
From: SirRealist	Read Replies (1) \| Respond to of 74559

Actually, those numbers come from calculating past post-bubbles, determining PE overcorrection points, charting, and of special significance, chart gaps. To close all NASDAQ chart gaps requires a trip to 530. Once I approached it from all angles and they all aligned pretty closely, I came up with those numbers. Even weirder, I compared rates of decline. I determined NASDAQ could bottom as early as 4/18/03. However, I think the Fed has learned how to slow the descent, so the more probable bottom arrives in Jan 04. What many don't get is that NASDAQ has done most of its correction while the DJIA remained the safe haven. The DJIA has twice as far to fall now. NASDy only gets a 67% cut from here. The DJIA has around 87% downside to go. Que sera sera.