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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (6067)	2/10/2000 4:36:00 AM
From: Mr. BSL	Read Replies (2) \| Respond to of 9427

Nice charts John. If the NASDAQ comes back to its 200 day moving average soon, it will be considered a huge correction of course. Thanks for the perspective.

To: John Pitera who wrote (6067)	2/10/2000 12:37:00 PM
From: Tulvio Durand	Read Replies (2) \| Respond to of 9427

... Hence a decline to the 200 dma is not beyond the realm of possibility. The inference is that a NASD decline to 3000 is plausible. Yet the 4 standard deviations would largely disappear if NASD would just hold its present level for a few months, ie., the 200 dma would catch up to the NASD. In other words, a slowdown in NASD ascent is all that is needed to bring back normality. The latter is a lot more probable than a sudden 30% NASD correction. Tulvio PS. I see in your later post you allow for the above, latter, possiblity. Peace. 2vo