Markets in General This is a special update. We believe that the Nasdaq had made
a double bottom on Monday. The market will
likely recover substantially. But we do not believe that the
market is going to make new highs. Therefore our
recommendation that investors take profits on either 1/3 or 1/2 of
their positions still stands. We believe that
the market will probably go back above the 4000 level again on the
Nasdaq. But if the market doesn't
manage that, the market might just go right down again to make a lower
low. We see the trends for the
Dow more clearly. The Dow should continue upwards to about 11400-11500
level, before heading down
again. We doubt very much that the Dow will be able to make substantial
new highs under the
current interest rates environment.
*The stock prices are provided
for informational purposes only and not intended for trading
purposes. The opinions expressed in these pages are what they are:
opinions!