It is quite relevant, no problem, I am sure someone will post the appropriate chart for the current period. Mind you, the Naz stayed around that peak in a trading range for a good two three months then until it declined into a major first bottom in late December 2000 early January 2001 (surprise fed cut), but then it took another devastating dive (in 2001 it was called the "February Massacre", if memory serves). From where we are, my target low is not much worse that what I had in January (I know have a target low on the Naz going back from the last revision to 1111 to 1081, essentially the original 1/25 forecast).
Zeev
