There is initial support for the tech index at 455 to 460, with more important at 433.
Avoiding Google and Microsoft or at least underweighting them was the critical variable in gaming the tech index this year.
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Apple is the Nasdaq, you may as well rename the tech heavy index, the Appledaq.
In the five years from 1995 to 2000, the main US tech stock index, the Nasdaq, rose five-fold.
There were 880 new lows on the high-tech Nasdaq index, while some of the biggest names in technology are now worth less than half their market value just a few months - or even days - ago.
The tech-laden index is up 3% since hitting its 2006 low on June 13, though it's still off 3% for the year.
The tech-heavy index hit its high on March 10, 2000, when it closed at 5048.62 more than 1, 700 points, or 55%, above its current level.
On the first day of trading in the new year, America's high-tech Nasdaq Composite index fell 7.2% as investors worried about falling profits and the state of the economy.
On Monday, the tech-heavy Nasdaq index again hit year lows, dragging European bourses down in its wake, as a cocktail of negative factors left investors reeling.
And there is no sign of the widespread mania in the high-tech world that occurred last time around: the NASDAQ stockmarket index, a bellwether for the tech industry, has been rising but is still far below its peak of March 2000.
The tech-heavy Nasdaq 100 index tracks the hundred largest non-financial companies listed on the Nasdaq.
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More damningly, they are the only two innovative tech outfits in the FTSE index of leading shares.
The index includes both tech industry employment data and occupation-based employment data.
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Note, for instance, that its vertical axes show nominal prices (dollars per ounce for gold, index value for the tech-stock Nasdaq).
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This week, the Forbes Luxury Housing Index indicates that the tech-industry's nucleus remains resistant to the downturn, at least relative to other, harder-hit California areas.
At one point in the early afternoon in New York, the Nasdaq composite index - which reflects the value of tech firms - was down nearly 7% on the day, and had plunged to just half its value from from the high point of 5, 048.6 it reached on 10 March.
Even the still-giddy Nasdaq index masks the hits a number of high-tech equities have taken.
"No one's watching valuations" in an index, Vicki Schultz says, meaning an index can get overweighted in one popular area, like tech in the late 1990s.
The mother of all tech markets, the Nasdaq, registered a 39.28% drop of its composite index this year.
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