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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: donald sew who wrote (2203)3/7/2001 9:01:33 PM
From: DukeCrow  Read Replies (1) | Respond to of 52237
 
** Based on the recent lows, that would put the NDX around 1380, which is in line with the 1400-1500 support area. **

Actually, it works out better than you think. I calculated the PE of 51 using an intraday Nasdaq-100 price of about 1990. Falling another 25% would put the NDX in the 1490-1500 range which is right at the top of your 1400-1500 support area.

Ali