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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: DukeCrow who wrote (2188)3/7/2001 1:30:04 PM
From: donald sew  Read Replies (1) of 52237
 
DukeCrow,

>>>> . Using that earnings data and adjusting the price down to the October 1998 lows, I get an approximate Nasdaq aggregate PE of 36 (38.5 for the Nasdaq-100). <<<<

>>>> I think the Nasdaq-100's aggregate PE is about 51 right now based on January 2001 earnings data. That may not be exactly correct when calculated with current earnings numbers, but I don't have those. <<<<

For this discussion, lets use those numbers of 38.5 and 51. Basicly, relying on the accuracy of those numbers(not saying Im doubting them), that would imply that the NDX-100 could drop about another 25% to get back to a similar environment of the OCT 1998 lows. Based on the recent lows, that would put the NDX around 1380, which is in line with the 1400-1500 support area.

Thanks for the info Duke
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