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Re: [sharechat] the current dip in techs

From:	jesse <johne@hotmail.com>
Date:	Fri, 31 Mar 2000 22:30:37 +1200

Other near term influences on Nasdaq and US indexes....April 16, tax due
on last years profits, could be selling to raise cash.  Earnings season
approaching. If Nasdaq doesnt rally into that, :(       Next support for
Naz is 4300, then 3900.
Have to keep it in perspective, even after today, Naz up 9% year to
date, 100% last 12 months.
Net bubble? More like a freight train with occasional speed wobbles.
Imho, there will be blood (already has, look at biotechs) but  with
ecommerce forecast to grow 5 fold in next 3 years, the ride ain't over
yet!
j



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