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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Y. Samuel Arai who wrote (105977)	4/15/2000 5:31:00 PM
From: Jim McMannis	Respond to of 1584320

RE:"Why do you feel that this will occur? Where did you read about this possibility?" I'm somewhat of a market historian. I've studied the patterns of parabolic markets gone bad going back 100 years. I have a friend that has written several books on this. The one that describes some of what is going on now is "The great index mania:1997-2002." by Jeffery B. Little. You can get a copy at most book stores. I the main thing I'm basing my NASDAQ guesstimate on this during the late summer '98 NASDAQ correction, the most severe one of the Decade BTW, the NASDAQ corrected to approx. 16% below it's 200 EMA (Exponential moving average), then in one month bounced and dipped again to 22% below its 200 Day exponential moving average. In the case of the current NASDAQ... 16% less than the current 200 EMA is at 3088. 22% less than the current 200 EMA is at 2866. I'm wishing we get a bounce at or before the first one... When it gets down NEAR these zones, I start to look for key reversal patterns... I may be all wrong or maybe close. The DOW, OTOH, usually corrects between 4% and 7% below it's 200 Day EMA. Real crashes withstanding. Jim