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

To: HairBall who wrote (52405)	5/27/2000 5:48:00 PM
From: John Madarasz	Read Replies (6) \| Respond to of 99985

Diary of a Fund Manager Robert Loest, Ph.D., CFA Portfolio Manager Earlier Diary Entries May 26, 2000: Historical Comfort Food. The best way to demonstrate why I think the Nasdaq is so close to a bottom that the downside risk here is negligible is simply to look at history. I chose to start on January 1, 1971, because the subsequent 30 years easily includes the worst bear market since the Great Depression of the 1930s. Following is a bit of Nasdaq history that we have gotten from the Nasdaq itself, and from our friends at Solomon Smith Barney and Credit Suisse First Boston. We begin with the Nasdaq Composite Index around 100 in early 1971... ipsfunds.com *link courtesy of HiTech Best Regards, John M