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Politics : Idea Of The Day
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To: Jerry Olson who wrote (34018)10/2/2000 4:16:14 PM
From: SpecialK  Read Replies (1) of 50167
 
Looks like Nasdaq now tests 3521 set in early August.
If you change the scale on Pnf to 100 from 50, then we are still in an uptrend the the trend line is 3400.

The SOX back on 5/26 or so, went as low as 821. Of course it rebounded to 1000 in 5 days. I don't expect that here.
SOX is near 835 now.

So where does it stop, do we get a crash?

Will we have a one day 10% drop in the Nasdaq to wash out all margin, dip to retest 3050?

There is a lot of hurting going on. Amazing how low INTC, AMAT, have gone so fast. How many stocks are down 50% over the last 4 1/2 weeks? Tech stocks that is, it must be nearly 30-40% of them.

I still expect 2 strong days on Thursday and Friday. Here's to surviving thru these rough days. Darkest before the dawn.
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