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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (15272)	12/3/2002 12:52:20 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 19219

any prognostications I doubt the S&P will sustain more than the long term average 7% over the next several years. In the next year or two I suspect we will see at least a 50% retrace of the gains off the October lows (possibly even a retest of those lows) and dip the chart into the sub 5% area. I expect that somewhere along the line the chart will touch zero because the S&P will not recreate the power move of the 1995-2000 era. I thinks that is kind of a middle of the road view compared to others around here expecting the massive meltup or another meltdown.