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> -----Original Message-----
> From: M. Simms [mailto:prosys@xxxxxxxxxxxxxxxx]
> Sent: Thursday, September 05, 2002 10:11 AM
> To: RealtradersList
> Subject: [RT] HISTORY IN THE MAKING: Naz100 near SP500
>
>
> only about 10 points before the Naz100 falls below the S&P 500 !!!
>
> Anyone remember any gurus making that call 12-18 months ago ?
> I don't think <anyone> would have dreamt that could happen.
>
In March 2001, I posted the following
http://groups.yahoo.com/group/realtraders/message/3451
which outlined a scenario where SPX and NDX (the Nasdaq 100) would
cross at the 1100 level in Dec-2001. As it turned out, the bounce
off 9-11 changed that scenario, and pushed out the point at which
they (will) cross. Currently, SPX and NDX are within a hair of crossing.
According to the scenario outlined there, the NDX would
currently be 681 and SPX would be 990. Today, SPX closed at 883 and
NDX closed at 879. Relatively speaking, the S&P performed worse than
expected, and NDX performed bit better than expected. See attached
charts. The first chart is the forecast dated March-2001. The second
chart shows the actual progression.
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Attachment:
Description: "sp_ndx.gif"
Attachment:
Description: "ndsp_projection[1].gif"
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