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To: Duane L. Olson who wrote (8102)	12/3/1997 1:58:00 AM
From: uu	Read Replies (4) of 25814

Can someone tell me how is Nasdaq index computed each day?! I am totally confused as how can possibly Nasdaq be considered as a high tech index (or at least considered as heavily dependent on high techs) and yet for it to be off from its high only about 5-10%?! You pick any high tech stock (and I mean any high tech stock with the exception of Microsoft of course) and you will see it is down at least 25% from its high only about 2 months ago! In most cases high techs are down as much as 50-80%! So how can Nasdaq be off by only about 5%?! Surely the index is not just composed of Microsoft, or is it?! Regards, Addi Jamshidi

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