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To: Wally Mastroly who wrote (11952)2/15/2000 3:01:00 PM
From: Investor2  Read Replies (2) | Respond to of 15132
 
Re: "While the NAZ is struggling today, ..."

Another view point:

markethistory.com

"Like many tech issues over the last 5 days, NASDAQ has broken out of a large consolidation "box." Even though it sounds insane, NASDAQ could be headed for our new technical target of 5000. We come up with that number by taking the difference between the top (4400) and bottom (3775) of the box (4400-3775=625), and adding that to the poing where NASDAQ broke out (4400+625=5025). Since NASDAQ was in this range between 4400 and 3775 for 2 months, chart theory states it should take 2 months or less to get to the new objective."

Best wishes,

I2