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Dear Earl,
No argument with what you posted. It just does not seem to me that a
major breakthrough will be needed to see Dow 10,000 again this year.
1.Once Iraq fear over
2.Once people realize that the caution expressed by executives is
factored by their fear to be litigated for being over optimistic.
3.Regardless of economic plan approved, there will be some boost.
4.Housing starts and the peripheral purchases that translates to.
5.Plus much more...
John
------------------ Reply Separator --------------------
Originally From: "EarlA" <earl.a@xxxxxxxxxx>
Subject: Re: [RT] DJIA - the next 4 years
Date: 01/30/2003 07:39am
I have posted this previously, won't change until we get a new ATH
other
than filling in the price ups and downs.
Earl
----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: "ChasW" <cwwaring@xxxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, January 29, 2003 11:46 AM
Subject: [RT] DJIA - the next 4 years
> Dear Group,
>
> I have respect for the opinions of others and also TA along with
> various prognosis. I also have come to my own conclusions for the
> next four years based upon my own fundamental indicaters...and an
> astute financial adviser who is a contrarian for whom I do not wish
> to advertise or promote.
>
> We are in a dampened recovery phase with a great deal of fear and
war
> lament. Fear produces these market gyrations.
>
> 2003 I expect the Dow to come close or = 10,000 at some time this
> year. I see the low most likely in, but worst case at 6600.
>
> 2004 I expect the Dow to peak between 10,500 and 11,000 with a low
of
> 8500 or thereabouts.
>
> 2005 I expect the Dow to peak at 11,500 to 12,000 and have a low of
> 9000 or thereabouts.
>
> 2006 I expect the Dow to peak at 13,000 or more and have a trough of
> 10,000 or so.
>
> I would be curious to see what others see from their charts for
these
> time frames...regardless of bases.
>
> Back to the beach,
>
> John
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