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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Debt Free who wrote (39776)11/16/2000 11:08:07 PM
From: Gottfried  Read Replies (2) | Respond to of 70976
 
Doug, I think that measuring price change from the top is misleading. If you accept that the top was a bubble, this is self-evident. It would be more reasonable to measure from a trend line, like a regression.

The NASDAQ above 5000 is another example of this. finance.yahoo.com^IXIC&d=5y
If you imagine a straight line fit to it, this line would at present be around 4300. When NASDAQ was at 5000+, that was an aberration.

Gottfried