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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (21522)	1/29/2004 12:26:15 PM
From: stock bull	Read Replies (1) \| Respond to of 21876

From the recent peak in the Nasdaq, and correcting back to the 50 day moving average represents a correction of approximately 12%. I believe this is a normal correction considering the run up that the Nasdaq has experienced. So, I don't consider this event to be anything but normal. However, if the 50 day moving average doesn't hold, then we have a very serious correction on our hands. Time will tell how this plays out. By the way, yesterdays Fed action may have been the trigger to push us into this correction a little faster than we might have otherwise seen.