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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (15776)	1/12/2003 7:07:40 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 19219

If lizzie thinks that a 95% loss has occurred and she thinks such a level is a reasonable place to stop the bear, then she needs to accept her math was wrong and should be expecting the bottom to be reached when the nas is at 257 ! Steve, I don't need to accept anything, that is not my intention in this discussion, I feel that I am on the right side of the market now at least for tech stocks. I am simply trying to explain to you the rationale for why nas stocks can rally here- and rally they have, many 4-fold increases in stocks I follow and no real indication that new lows are on the horizon unless you are talking about weak stocks/sectors. I don't know why there is any debate that fewer naz issues (= fewer tech companies) means the remaining players are likely to be stronger. Come on, this is MBA 101 and we can see it easily in many sectors including software - if you want me to lay out the details of this I will but imo this really should be obvious.