Re: [CANSLIM] Market, Nasdaq 100

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Market, Nasdaq 100
Date: Sun, 24 Feb 2002 10:11:34 -0700

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I guess everyone on this list has learned not to try to predict the market, just listen 
to what it is saying.

On 24 Feb 2002 at 11:53, Dan Forant wrote:

> To the opposite extreme, one analyst predicted a 5000 Dow this year. What
> causes me concern is their profession starts with anal.
> 
> L8ter
> DanF
> ----- Original Message -----
> From: "Al French" <alfrench@mindspring.com>
> To: <canslim@lists.xmission.com>
> Sent: Sunday, February 24, 2002 11:12 AM
> Subject: Re: [CANSLIM] Market, Nasdaq 100
> 
> 
> > > (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.)
> > >
> >
> > Jim Glassman lives here in Washington, DC and stands behind his
> > forecast of a 30,000 Dow.  It is simply a projection of the Dow's
> > trend, inflation, and his belief that the long term future will
> > look much like the past.  I don't recall what time frame he used,
> > but it was too long to be pertinent to what may be expected this
> > year.
> >
> > Adjusted for inflation, a 30,000 Dow doesn't seem extreme, at
> > least to someone who can remember nickel cokes and 75 cent
> > haircuts.
> >
> > Al French
> >
> >
> >
> >
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