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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ig who wrote (5334)	8/18/2002 1:28:42 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 30712

Ok, but the extension of that line appears to take us back to where we are now. 1190 broke that support line hard. Also the move up to 1000 consolidated for a year, and 3 and 1/4 years after 1000 was touched, the nas was only 35% higher. Not much of a bubble, imho. But the bubble has to go past where it clearly began. Right around where we are now on the nas is the lowest trendline of all, off the 73-74 low. For you guys, you are sure we must break that, and go relatively lower than we have ever been. So you use the dow 29-33 chart. IMO, it's telling us the low is in the fall, and the rally after that will be extraordinary.