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To: Jim Willie CB who wrote (9935)3/30/2000 9:31:00 PM
From: Boplicity  Read Replies (5) | Respond to of 35685
 
I'm watching the NAZ 100 it peaked at 4700 20% drop would be 3700 range which would be the 50 dayline... The NAZ comp. did bounce off it's 50 dayline, a double bottom to go with the early march drop would be 4030 or so. After looking at all that I'm less bearish then I was but for some reason I feel it's different this time around, just my gut speaking. I do not see the market returning to what we had before. We are seeing the first wave of web stores fail, CDNOW, Peapod, there will be others, after them will come the B2B stocks, especially now when you see the old world companies setting up their own exchanges. What we have seen in the market past few years was wholesale buying and the throwing out of past valuations metrics. I feel that abandoment of past vauluation metrics has started to comeback and bite us now and the shake out has stated. I could be wrong, Tiger is throwing in the towel, maybe the market is forever changed with mouse clicks being stronger then PE.


Greg