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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 70.92-1.7%1:22 PM EST

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To: John Malloy who wrote (43349)11/11/2000 1:18:20 PM
From: Monty Lenard   of 77397
 
"Early this year the NASDAQ reached 5.5 standard deviations higher than the expected value - a solid indication that the market was overvalued. Yesterday the NASDAQ closed 2.3 standard deviations below the expected value. That means we are near the bottom."

How bout indulging a dumb old country boy here and answer me a question.

If the naz can go 5.5 sd higher than the expected value then why can't it go 5.5 sd below?

Monty
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