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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who wrote (8590)9/29/2002 12:50:14 PM
From: Lone Ranger  Read Replies (2) of 30712
 
Jeff,
Playing with numbers and my own particular form of T/A<g>. Noticed the 50% level of sp500 all time high was hit July 24, 02 at 775.68 . All time high was 1552.87 on March 24, 2000. Dow all time high was 11,908.50, intraday, half that is 5,954.25. I understand the retrace particularly concerns the Nasdaq but is there any correlation that occurs to you at what level the Nasdaq will be when, as I think it will happen, the Dow halves it previous all time high and hits 5,954.25? Please don't respond lower<g>. tia
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