Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.52

-1.2%

3:59 PM EST

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To: John Koligman who wrote (95285)	1/6/2000 10:55:00 PM
From: Jim McMannis	Read Replies (2) of 186894

RE:"I guess nobody recalls that the NASDAQ has run up around 90% over the past year, so hysteria so far is an 11% pullback!!!! I don't think giving 20% back is unreasonable at all. Do you??? No, but 62% of the NASDAQ stocks were down last year. As far as the NASDAQ 100 index is concerned it's capitalization weighted. 33% of the index is about 5 stocks. You can bet YAHOO, QCOM etc are in there. So yes, easily a 20% correction is possible....I don't have my charting programs on this computer but a correction to or below the 200 day moving average wouldn't surprise anyone. Corrections against the trend tend to be violent. Well this fits the bill. All this could be over shortly. Then basing and a slower climb back. Jim

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