I was looking at a chart of the NDX that goes back further than Stockcharts. Drawing a upgoing trend line from the lows of Oct 90 and June 94 and a downgoing trend line from the all time high and the high of Sep 2000, something intersting shows up. The lines intersect at the Oct 2002 bottom where it bounced off it's long term up going trend line. Extrapolation of that line is currently at 869 or about 38% from where the NDX is now. If anyone wants the chart it's in MetaStock and I'll send it to you.
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