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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (25043)7/7/2000 9:59:29 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 42787
 
BB, VIX in the 20 to 18 area was during the last week of option expiration last July 1999. (low of 17.7 on July 16, 1999, and a lower VIX of 16.73 was only on July 20, 1998 we know what happen thereafter)

I beg to differentiate the P/E ratio then and now on the NAZ and COMP. If I remember correctly then interest rates were around 5.5% and the COMP around 2800.

(The 1999 summer rally began June 15 at COMP 2380 to a whapping 420 points in a month to 2800 by July 16 <GGGGGG>, in 1998 COMP went from 1716 on June 17, 1998 to 2028 on July 20, 1998 and revisit COMP 1357 on Oct.8 1998)

Now with about 10% earnings growth for the COMP and 80% higher market and 20% higher interest rates we should be around COMP 2400, not 4000 if comparing apples to apples <GGGGGG>

Even if you take the accelerate trend line of 1999 we still should be below 3400. 1995 to 1997 trend line brings us to below 2500 on the COMP

BWDIK
Haim