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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (42006)	2/10/2001 1:45:42 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 70976

G, Have you played with that lt chart? you can put all kinds of tech names and they are all nearly at the bottom of the channel, and in line with the 92 and 96 and 98 drops. It does leave room for a bottom in the nas this year at the 1997 high, though.

To: Gottfried who wrote (42006)	2/10/2001 11:48:23 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 70976

Gottfried, Your posting of the chart caused me to go back and look at the peaks and valleys of the last three cycles. The numbers used are "intraday highs and lows" with a little "rounding" thrown in. Cycle 1 - High 14.97(1995) Low 5.44(1996) Percent Change -64 percent Cycle 2 - High 27.09(1997) Low 10.78(1998) Percent Change -60 percent Cycle 3 - High 115.00(2000) Low(so far) 34.13(2000) Percent Change -70 percent If the percentage reductions in a down cycle are on the order of 60 to 70 percent, we should have seen our cycle low for this time - onward and upward from here??<gg> Don