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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Crimson Ghost who wrote (35712)3/1/2002 4:29:59 PM
From: ajtj99  Read Replies (1) of 99280
 
Well, we're just treading water here recently, George. It could go either way. The Dow went up to nosebleed territory today and seems to have nothing in between the close and 10,500. It seems to want 10,500.

The SPX got over a hurdle and closed above 1130, although 1139 is pretty decent resistance if memory serves.

On the Nasdaq, all we did was fill the gap at 1802 and NDX 1434. We've been expecting that for several days, so that's basically a yawner.

I'm sitting on mostly cash right now after closing my DJX March 103 puts shortly after open this AM for even. I was tempted to short this close, but with the weekend I suppose we'll have some latent irrational exhuberance early next week, possible after a correction Monday AM.
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