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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (13257)	8/21/1998 12:09:00 PM
From: j g cordes	Respond to of 120523

A little perspective.. We set a Dow high of approximately 9300. Over the last 8 years we haven't had a normal cyclic correction of 15-20% throughout this incredible run. Its worth while looking where a typical retracement should put us. 10% retracement = Dow 8370 15% retracement = Dow 7905 20% retracement = Dow 7440 The worst so far today has brought us down a little over 10%... Hardly a "melt down," more like a grilled cheeze sandwich. Jim