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To: GST who wrote (120652)	3/17/2001 1:45:06 AM
From: 16yearcycle	Read Replies (3) \| Respond to of 164684

I now figure I have to be prepared for the sp to go to 1050, dow 9200 and nas 1500-1600, maybe 1350.I was even for the week due to the April s&p puts I have, and would have been up big if not for some goddamn qqq calls that got crushed Thursday. Big mistake. The last 5 times the indices were at least 30% overvalued, they fell to 20%-25% undervalued, according to the formula the fed uses(based on est sp earnings, 10 year bond yields, and various other factors). This formula pegs the s&p at 22% undervalued at 1050, and I am taking a best guess on the other indices from there.