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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn D. Rudolph who wrote (96425)3/14/2000 6:49:00 PM
From: GST  Read Replies (3) | Respond to of 164684
 
Hi Glenn: I think the Naz will pierce 4600 like a hot knife in butter. I think 4000 will be the test. That is 25% -- and no real reason to believe a falling market will bounce easily from there -- this market is speculative beyond words -- only most on this thread put that out of their minds years ago. Ask yourself one question before you hold or commit funds in this market -- what if there is no support? What if this is the mother of all tech "corrections"?



To: Glenn D. Rudolph who wrote (96425)3/14/2000 7:15:00 PM
From: Bearded One  Respond to of 164684
 
NAZ approaching 10 percent correction territory. We should rebound when Naz touches 4600 level, but i don't want to assume anything.

I would tend to agree. I assume 4600 is the 10% level? I never looked.


Silly silly silly. I thought this bull market was *different*. Well, if it's different going up, it can sure as hell be different going down.

That 10% historical 'correction' number cannot be separated from other historical numbers like P/E ratios between 10 and 20. Since our P/E ratios are very different, our 'corrections' may be very different as well.