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To: John Madarasz who wrote (147680)	1/31/2002 9:35:56 PM
From: GraceZ	Read Replies (2) \| Respond to of 436258

I'm curious, has anyone tracked how many companies disappeared from the Nikkei during the ten years Japan has been in this slump? The biggest difference between the Nasdaq and the Nikkei might be the swiftness with which a large portion of the Nasdaq listed companies will go away.

To: John Madarasz who wrote (147680)	1/31/2002 9:49:28 PM
From: StockOperator	Respond to of 436258

"all manias give back their respective gains" Well in the case of Japan I think you're right. Looking at their chart at least I think there's no doubt that the pressure is going to remain on them throughout this calendar year. Going out on a limb I would say (based off some measuring techniques I use) that the downward pressure this year could carry prices all the way down to 6,000 or so. That is of course an overall guesstimate as to a possible low. It doesn't take into affect any kind of technical reversal during the year based off some change in investor sentiment. And even if that happened I see significant resistance at the 12,000 level. Still 6-12 is a pretty big spread in which to get whipsawed. So I think you have to respect the technicals as (if) they happen.