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To: Oeconomicus who wrote (148022)	9/24/2002 11:07:38 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 164684

"Why would you expect the Nasdaq to maintain a constant relative value to the Dow?" Hard for me to see how you got that out of my chart where it has fluctuated from 1.9x to 7.1x the dow. If you are talking about the channel I discussed, as I said, it has been violated in both direction now. It is more likely than not, imho,to work its way back down into the channel, than it is to go to 10x. I expect it's relative value to fluctuate. Wildly. I used dow/nas charts before I ever saw them anywhere else, and I used them to determine periods of excess enthusiasm and depression.