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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (1033)	11/29/2000 2:29:55 PM
From: Tommaso	Respond to of 74559

Rather quiet on the thread considering that we may be headed for two more back-to-back declines of the NAZDAQ ending in lower lows. I am wondering if the tech stock index, as measured by XLK, may not more or less imititate what the entire Dow did in 1929-32: lowrisk.com That could imply a loss of 90% of the value from the top, perhaps a fall of XLK from above 65 to below 10. I wouldn't expect anything so drastic for the "older" averages, and I am not going to bet on XLK going all the way to that bottom. Indeed, I cut my short position in XLK by half today (regretting it at the moment--but will put in back in case there is another irrational bounce).