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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 226.19

-1.8%

Dec 12 3:59 PM EST

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To: 16yearcycle who wrote (120766)	9/24/2002 6:28:47 PM
From: Alomex	Read Replies (2) of 164684

Eugene Kearney wrote in March 2001 I would factor the long term dow/nasdaq ratio of 5/1 to 5.4 to 1 at bottoms into the mix. I'd also look at the nas 100 pe at 20 being about as low as it has ever been and that would suggest a price of about 1350 on the nasdaq itself. That would infer the dow drops to 7500 or so. Basically, what we are looking at is repeating the 10/8/98 bottom of 1400, 7400 and 950 respectively in the 3 major averages. Well, we are there as Eugene predicted. However we have added 9/11 and Enron/Tyco/WorldCom to the mix. Should we adjust the numbers down somewhat?

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