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Technology Stocks : SAP A.G.

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Nov 12 3:59 PM EST

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To: Jay8088 who wrote (2435)	9/3/1998 1:12:00 AM
From: Bob Duclos	Read Replies (4) of 3424

If you compare the chart pattern of the Dow Industrial average for this week and last week with the pattern for the week of October 27, 1997 and the preceding week, on a percentage basis (logarithmic chart), the resemblance is striking (so far). In October the last three days of the preceding week saw a 4.3% decline, versus 6.4% this past week; the Oct. Monday drop was 7.2% versus 6.4% this last Monday, followed by a 4.7% recovery on Tuesday last October versus 3.8% yesterday. The next two days in October saw a 1.6% decline, but after a few weeks the market was back to normal for the large cap stocks, as though nothing had happened. The comparison is not quite as favorable when using the S&P500 index (more decline and less recovery this time).

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