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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: lightwave51 who wrote (1612)1/1/2001 9:06:35 PM
From: lightwave51  Read Replies (1) of 74559
 
Based on the historical performance of the VIX, and the price action of the NASDAQ, Friday's failure to see a significant drop in the VIX has increased the chances that any short-term NASDAQ gains will lose momentum and the index could undercut the low established on 12/21/2000, which was 2288.16. Just look at the price action in the NASDAQ in the trade days following /2000, 9/4/1998 and 10/7/1977.

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