Broadcom (BRCM) Message Board

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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

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To: Bruce Brown who wrote (5809)	3/30/2001 7:55:27 AM
From: Stoctrash	Read Replies (1) of 6531

BB, I'm not sure about 7K...but another 52week low for the NDX and BRCM yesterday. I was eye-balling some weekly and monthly charts last night and see 8K on the DOW as a possible low and 1300-1000 for the NDX. My guess is the NAZ sectors will bottom first and chop around while the DOW and SPX continue to slide over the next few weeks and months. Only thing I see changing that are a more aggressive FED and some sort of visibility coming to light for the econ as a whole. Personally right now I think our econ is headed for the crapper. Joe6pack is now Joe4Pack...he just started putting money in the market the last 3-5 years and now has lost 1/2 of it or more. He's not buying a new car, boat, spending on anything he doesn't need. His 401K from GM is now a 201K, etc,etc........all this effect has yet to be felt.

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