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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: DebtBomb who wrote (56181)4/25/2002 7:23:04 AM
From: ChrisJP  Read Replies (1) of 99280
 
Hi Dale -- this chart gives an interesting perspective ...

siliconinvestor.com

There always a chance of another swift legs down, but chart suggests:

1) we have retraced to 1997/1998 levels

2) the market is base building

The NASDAQ is a toughy to use as a predictive indicator since it is so tied to the greed/fear factors. Also, there were sooo many IPOs in 1998 - 2000, I have no clue that the total number of NASDAQ shares were back in 1998 vs. today.

Chris
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