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To: starbreak who wrote (27465)12/23/2000 3:03:14 PM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
the best I can do on the nasd chart support is to tell you to look at a two year chart
the pay chart service that I use can not be posted here
use a 200 day exponential moving average
bollinger bands, 30 days

you should see a congestion area from 2 years back in the 2100-2300 range
also at the 2200 level the nasd was appox 4 standard deviations from the 200 day ema, just as it was 4 deviations over at the spring high
rarely has it ever been that far removed in either direction

I found this on another thread
it really carries a message
all the talk about old economy, old tech, new tech, value investing, momo vs Warren Buffet
the chart shows that the end game over five years for NASD, DOW, S+P, and BRK was virtually identical
kind of interesting that the average 5 year compounded gain was appox 15%, not that far off the 50+ year average equity return of 12% per annum
so much for bubbles and bursts
quote.yahoo.com