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Strategies & Market Trends : The New Economy and its Winners

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To: stockman_scott who wrote (13166)	7/29/2002 10:39:06 PM
From: techanalyst1	Read Replies (2) of 57684

Oh I'm sick of hearing the Naz has so much froth in it. It's back to levels it was trading at in April 1996. Anyone who thinks the dow didn't have a big run up and yaps on about all this volatility now pointing to being a great thing and due to the "value" in the dow sure hasn't looked at a long term chart on the dow. It never had all this big huge volatility until the last few years. It may be at "a" bottom, but the huge volatility of recent years is just as much a topping pattern as the naz was. And naz had big huge volatility when it was down less than 2000 points and traded in a range for quite a while till it finally puked too. The naz otoh, grinds lower but it sure looks like to me that the real risk is in the dow, not the naz. TA

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