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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Lost to Voodoo who wrote (3000)	12/23/2000 4:17:58 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

That's probably Chuck Carpino, and there have been lots of tech names that have gone down significantly since the 2500 area did not hold. reviewing my stable of 50-100 well known tech charts it did seem that when issues got below 50% of their ATH's this has been a year when the CMGI's, VERT, YHOO, AMZN, ICGE, CMRC, ad infinitum, have gone down 80, 90 and 95%. There were many bubble stocks, So you are right in one sense that like the nifty 50 in 1972-74, they were so richly valued that when they start going down, and they are down 50% that's no reason not to go down much more. John