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

To: Nathan who wrote (36811)	11/30/2000 12:42:03 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

Nathan, >>>> NAZ new lows just hit 617. More to go? <<<< Yes, but not necessarily immediately. What scares me about the NAZ/NDX is the DOW. For discussion, if the DOW was to intensify the selling in the future, that could bring the NAZ/NDX even lower. Unfortunately, I feel that the NAZ/NDX will get exaggerated to the downside and it was exaggerated to the upside in late 1999/early 2000. It goes up too far then goes down too far. Right now the NAZ/NDX is only returning to where it started the rocket to 5000, so one could argue that the NAZ/NDX is where it should be. When I talk about exaggerated to the downside, Im talking about levels below 2000. It not for certain, but I wont ignore that possibiity.