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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Eric Wells who wrote (395)	5/22/2000 12:11:00 PM
From: Wizard	Read Replies (1) \| Respond to of 57684

>>You must admit that we are looking at a market that embodies quite a bit of risk at the moment. I don't make market predictions. I would argue that March was risky. But now the NASDAQ is down 38% off the high and the correction seems to be running its course. I have been wondering if the duration of the correction would look more like past corrections. The current 38% correction is the worst NASDAQ correction ever but it happened in a very short time period. Now that 73 days have passed since the peak, the duration is beginning to look a little more like past corrections. 1990's market break (recession and Gulf War) lasted 91 days peak to trough. 1998's bear lasted 79 days. 73 days might be enough or we might be in for one more leg down. I have no idea how long the current one lasts and don't believe its 'knowable' so why sweat it. Just dollar-cost average.