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Jerry Olson

06/20/03 8:54 AM

#121762 RE: ajtj99 #121760

actually the BPNDX is much ore volatile than the BPSPX i rarely follow it...

my manin indicator is the SPX Index...and the futures SPU3..

all the rest of the major BP's are not even dented here..none..
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Math Junkie

06/20/03 2:55 PM

#122024 RE: ajtj99 #121760

Well, if you think NDX is going to double this year then I suppose 1999 would be a good model.
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Justa Werkenstiff

06/20/03 4:02 PM

#122130 RE: ajtj99 #121760

AJ: You did not just pick a bull trend for comparison but also a once in a generation bubble. Looking for a repeat of that episode is unlikely imo on the other side. In the summer and autumn of 1998, for example, corporate insiders were buying hand over fist in preparation for 1999. Now they are selling hand over fist in preparation for something much like they did in 2000. So on that front, it is not 1999. Investor's Intelligence numbers exceeed those during the bubble days of 2000 and at any time since 1986 for that matter. So it is not 1999 on that front.