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Gary,
The classic bubble pattern is that whatever the bubble is drops to 5-10% of
its top tick.
See Panics, Crashes, and Manias by Charles P. Kindleberger. I think NAZDAQ
will drop to at least the 520 area before making a final low.
Cheers,
Norman
----- Original Message -----
From: "Gary Funck" <gary@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, September 05, 2002 7:37 PM
Subject: RE: [RT] HISTORY IN THE MAKING: Naz100 near SP500
>
>
> > -----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.
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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