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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.29

-0.2%

1:55 PM EST

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To: Rock_nj who wrote (59271)	5/5/2002 9:07:32 PM
From: rkral	Read Replies (4) of 77400

The longterm trend in the NASDAQ when you go back to before the bubble in the late 90s/2000 and extrapolate to May, 2002, brings you to the 1600 level (extacly where we sit today). I've been charting daily NASDAQ Composite closing prices since before the bubble. The chart dates range from 2-5-71 (the beginning) through 4-26-02. The prices are charted on a log chart, so the same vertical distance on any part of the chart represents the same percentage change. The trendline (linear regression line), the best mean that can be defined imho, gives a mean of 2295 for May 3. The lower trendline drawn through the 325.44 closing "low" of 10-16-90 gives a lower trendline of 1270 for May 3. As a result, I think your NASDAQ mean = 1600 is way off base. At what date did you start the NASDAQ prices? How did you calculate the mean? Are you using a linear or log representation? Ron P.S. I will provide a link to the chart, when my site lets me log in again.

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