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

To: DukeCrow who wrote (2249)	3/8/2001 12:20:47 AM
From: donald sew	Respond to of 52237

DukeCrow, >>>> . 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. <<<< Now the subjective question is whether the current environment is equal to or worse than that of OCT 1998. I feel only somewhat confident that the 1400-1500 region on the NDX holds, but if the BTK and RUT and SOX crashes then maybe we see the 1100-1000 region(OCT 1998 bottom at 1063). And per your calculation, a move to the 1100-1000 region, would then imply that the environment may be worse than that of OCT 1998