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Strategies & Market Trends : APMP (formerly APM)

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To: Susan Saline who wrote (11206)	5/21/1998 4:04:00 PM
From: J. P.	Read Replies (1) of 13456

<it tells me we are coming very close to bottoming. > Not so fast. Check any Nasdaq chart. The Nasdaq is bottomed when it hits the 200 day moving average, from which it always makes a smart rebound. This has held true for the last three years now. We are far from that point, I think the tech drop has just begun. I estimate the Nasdaq bottom to be 1725-1750.

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