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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (11206)5/21/1998 1:17:00 PM
From: Darth Trader  Read Replies (1) | Respond to of 13456
 
Techs bottoming? I thought INTC was a steal at $93 last summer



To: Susan Saline who wrote (11206)5/21/1998 1:24:00 PM
From: Rudy  Respond to of 13456
 
Well my sincere wishes for good luck then. Take care. eom.



To: Susan Saline who wrote (11206)5/21/1998 4:04:00 PM
From: J. P.  Read Replies (1) | Respond to of 13456
 
<it tells me we are coming very close to bottoming. >

Not so fast.

Check any Nasdaq chart. The Nasdaq is bottomed when it
hits the 200 day moving average, from which it always makes
a smart rebound. This has held true for the last three years
now.

We are far from that point, I think the tech drop has just begun.

I estimate the Nasdaq bottom to be 1725-1750.


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