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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Alomex who wrote (148012)	9/24/2002 8:13:49 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 164684

stockcharts.com[w,a]waclyiay[pb50!b200!f][vc60][iUb14!Uk14!Ul14!La12,26,9!Lf!Lc20]&pref=G The nasdaq for ~8 years was a multiple of 4.5-5.5 of the dow. It then exploded and got as low as 2x the dow, far outside the lt channel, and now it has swung the opposite way to well above the other side of the channel. To match the duration and depth of the plunge below the lower channel line, the nasdaq would have to hit about 7.5x the dow within 1-3 months, and then swing back into the channel over about a year. Some of this is so unprecedented that for this type of projection I would look to the sox as a guide. How can the sox stay above the 189 low of Oct 98 in this chaos? Makes no sense. So I would place my bets on a nas correction of at least 10% more, and as much as 30% more, to achieve the needed sox debacle. This is nasdaq 850-1070. I'll say dow 6000-6900. This is the best I can do to get all targets hit. Who knows what will actually occur...not me. Anything at all is possible.