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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (2083)	2/23/2001 10:45:10 PM
From: Bryan	Read Replies (2) \| Respond to of 6927

Several talking heads referenced the 20% Nasdaq decline that we have seen over the last few weeks, and coupled it with bear market. I don't know about time frames, but many analysts consider a 20% Index decline from a high a bear market. But it was the 20% that rang a bell with me, because that was approximately the quick decline we witnessed in 98 after the first FED rate cut. If you only think in percentage terms you can make a case for not worrying too much about that support at 1900 now. With today's bottom at 2156 (matching the same percentage decline of the Nasdaq tanking in 1998), we have created a new level of support (2156). Something else to think about, while we are at it. I saw several.....actually more than several fund managers, analysts, stock pickers, etc., today who mentioned that in their opinion, many technology companies now represent a favorable risk/reward profile. They all said that there is an additional 10% possible downside left in the Nasdaq, but that the reward possibility from this point could be 50-100% from these levels. Hmmmm......10% downside from our Nasdaq low of today is roughly 1900. Low risk/High reward. I'm starting to think that these guys actually know what they are talking about now! Somebody shoot me! -B