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To: John Koligman who wrote (95285)1/6/2000 10:55:00 PM
From: Jim McMannis  Read Replies (2) | Respond to of 186894
 
RE:"I guess nobody recalls that the NASDAQ has run up around 90% over the past year, so hysteria so far is an 11% pullback!!!! I don't think giving 20% back is unreasonable at all. Do you???


No, but 62% of the NASDAQ stocks were down last year. As far as the NASDAQ 100 index is concerned it's capitalization weighted. 33% of the index is about 5 stocks. You can bet YAHOO, QCOM etc are in there.

So yes, easily a 20% correction is possible....I don't have my charting programs on this computer but a correction to or below the 200 day moving average wouldn't surprise anyone.
Corrections against the trend tend to be violent. Well this fits the bill. All this could be over shortly. Then basing and a slower climb back.

Jim



To: John Koligman who wrote (95285)1/7/2000 1:21:00 AM
From: Diamond Jim  Read Replies (2) | Respond to of 186894
 
90% run didn't include INTC or LU, so the pullback hurts. LU has given back about 13 months of gains.



To: John Koligman who wrote (95285)1/7/2000 3:33:00 AM
From: Yaacov  Read Replies (1) | Respond to of 186894
 
has run up around 90% over the past"" John your comment is very rash and unfair! Did your portfolgio performed 90% in 99?? Then your very lucky! Most of us commom mortals don't
invest in Nasdaq index or buy a share in every company quoted in NASDAQ market! So, this 90% increase is of little consequence to most investors!



To: John Koligman who wrote (95285)1/7/2000 9:16:00 AM
From: John F. Dowd  Respond to of 186894
 
JK: INTC has lagged the run up. Yes I think all of this is overdone. My wallet tells me so. JFD