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To: Jurgen Trautmann who wrote (2902)5/16/1998 12:29:00 AM
From: Gersh Avery  Read Replies (1) | Respond to of 11051
 
JT .. I don't know if you have seen thins one but ..

cpcug.org

100 year Dow chart! Adjusted for inflation, on a log scale.

Note that this chat was made 4/7/97. At this time we are well above the upper trend line. This has happened only twice during the last 100 years! 1929 and now. The lower trend line for today would be ~1900. That would be an %80 drop!!!

Could it really be???

Gersh



To: Jurgen Trautmann who wrote (2902)5/17/1998 6:25:00 PM
From: Paul Corbett  Respond to of 11051
 
how do I see next week?

you ask a difficult question

Continuing weakness from Japan should push US dollar higher so there should be plenty of funds

On the downside the US market is overvalued by historical comparisons and in normal circumstances we should expect a correction..

I'll be a chicken and call the week ahead to trade in its current range: money flowing into the US from Asia will hold it up: DOW to finish about 9100, INTC to recover slightly to 82...this is the hardest call I have made this year!!!