Re: [CANSLIM] Market, Nasdaq 100

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Market, Nasdaq 100
Date: Sat, 23 Feb 2002 10:19:00 -0700

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I've seen several people make the same forecast for a 10-15 year sideway market, I 
guess this would be similar to the market from the late 60's to 1982, so it is certainly 
possible.  Not very encouraging, I hope you are wrong on this one.  We were above 
the long term growth trend of the market for so long that I suppose a below trend 
period is due.  

(remember the books of a few years ago - Dow 30,000, and I think there was also a 
Dow 50,000.  Wonder where the authors stand on this now.)

On 22 Feb 2002 at 17:11, Katherine Malm wrote:

> I remember your remark, Fred, and I heed well the advise. I do,
> however, differentiate between "hope" and "what I see" as they are not
> one and the same. I have never believed that we were headed into a
> raging Bull as the '82-'00 but instead into a long 10-15 year sideways
> market. We have several forces working in tandem--monetary/inflation
> cycles, earnings cycles, global interconnectedness, innovation cycles,
> human nature, fiscal policy, market cycles, etc. Despite the fact that
> I was not investing during the last 100 years, I have studied market
> history. For that reason, I simply "read what is and act upon it" vs.
> "wish or hope that the market will go up." A CANSLIM discipline works
> because it forces the trader/investor to read the signals and act
> accordingly. 

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