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How interesting. First the author says this:
> Based on a survey between I conducted between Feb
> 2001 to April 2001
> of 82 investors, 90% said that they consider
> fundamental analysis
> (50%) or technical analysis (40%) as the most
> important factor in
> their investment decisions. Both camps stand to be
> disappointed if
> the history stands as a guide, hence the market is
> not reacting to
> fundamental or technical factors but rather to a
> prolonged form of
> investors psychology
Then he goes on to give his prediction for the market:
> Having said that the NASDAQ seems to be approaching
> a bottom, the
> NASDAQ is close to a 70% decline from its inter day
> high of 5132 in
> March 2000, but the fact that we are near a bottom
> does not mean that
> we will start a rebound in the near future, the
> market can remain
> stuck within that range for months to come.
> I still hold that the DOW should dip under 9000 to
> 8500 before we can
> have a sustainable upside in the market.
> Nawar ALSAADI
> 04/04/2001
Conclusion:
I wonder whether Nawar Alsaadi was basing his
predcition on technical or fundemental analysis.
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