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90-95% drop .. now that's a "POP" :)
Bob
At 09:21 PM 9/5/2002 -0400, you wrote:
>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:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
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>
>
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