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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: OX who wrote (40430)	2/16/2000 4:34:00 PM
From: donald sew	Read Replies (3) \| Respond to of 99985

Hi, I had a very interesting conversation with some of my friends at Hopkins recently who feel strongly that much of the runup in the BIOTECHS is only due to hype, and they believe that they could sell off drasticly. Some of them are actually part of some of these companies which are flying, and they are crossing their fingers so that they can exercise their options before they crash. Again they feel many of them are overhyped extremely and they are talking about their own companies. I was looking at the BTK.K(BIOTECH INDEX) and just 2 months ago the index was at 300 and today it closed over 600. Here is my question and Im requesting anyone to help - assuming that this is the top(just for discussion) and the BTK was to lose 50% and return back to 300, how much would that pull the NAZ down. If anyone could come up with a rough calculation - thanks seeya