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Attached is a follow-up to a chart that I posted a few months ago. It
shows the NDX 100 index relected around its all-time high in 3/24/2000.
The chart demonstrates that it has rewound the clock back to late 1998,
erasing roughly 2.5 years of gains. If NDX stays on the present course
it should make a low in the 1100 area in Oct/Nov. of this year, which
would retest the 1998 lows, and the top end of the range in 1997.
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Attachment:
Description: "ndx_reflect.gif"
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