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To: Just_Observing who wrote (82216)	3/18/2001 11:56:16 PM
From: Just_Observing	Respond to of 436258

Further Comparison with LTCM Selloff The NASDAQ 100 for the month of Oct 1988 traded at 0% below its 200 day moving average. Averaged for the last month, the NASDAQ 100 has traded at values which would require a 70% increase to reach its 200 day moving average. On the worst day of the LTCM selloff, the NASDAQ 100 traded at 8.0% below its 200 day moving average (1128.88 versus 1226.7 - a difference of less than 100 points). The NASDAQ 100 closed at 1647.51 on Friday, requiring a staggering 89.3% increase to reach its 200 day moving average of 3118.4 Based on Moving Averages and the NASDAQ 100, the current selloff is at least one order of magnitude worse (or better, if you are short) than the LTCM selloff.