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

To: Lizzie Tudor who wrote (15672)	12/31/2002 2:31:37 PM
From: High-Tech East	Respond to of 19219

Your forecast is fairly bearish, but even so it is only a 6 mos difference in your version and the more bullish view for THE bottom of this cycle Lizzie, I did not mean any of that as particularly hopeful, as, by early 2004, I believe the economy will probably have dropped off a cliff to the highest U.S. unemployment since the 1930s. While the equity markets and economy may bottom in late 2003 or early 2004, I don't see any significant upward move for either for at least a year or two after that. We have not yet seen the credit bubble nor the regional housing bubble broken yet ... and the bond market is almost sure to fall apart in the next year or so. Bottom, yes ... but recovery is a long way off in my opinion. I see the US Dollar Index at .70 to .85 by late 2003 ... presently near 1.02. Ken