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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (4199)	12/19/2000 12:15:39 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 57684

I'll say it again: tech growth is being valued like garbage. This won't last. Compare non tech growth valuations to tech. You have peg's in excess of 2.5 on non tech growth, and tech growth is under 1.0. There nothing to disagree about. Tech growth peg's are less than half of non tech growth. In March they were twice as expensive now half as expensive. Having said that, I agree we have no sustainable rally unless the fed eases. I think its about 50:50 we have seen the lows and the high for next year on the nas will be 3750+. We could even see 4250, but no higher. The back of this bear will break when we diverge from the appearance the nas has taken to the Nikkei. It will take a bounce and another retest of the lows and then a rally past 3500 to break the chart apart. That will take months to manifest, so this mood won't be going away anytime soon