Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	11/9/2001 6:40:59 PM
From: Softechie	Read Replies (1) of 99280

CSFB recommends shorting Nasdaq? Strategy - Global Technical Analysis Francoise Skelley NASDAQ 100: Recent Strength Has Been Corrective Only Nasdaq has undergone a bearish reversal from the upper reaches of the 1562/89 medium term resistance zone, for a test of key support at 1500/1493. This action adds weight to our view that recent strength has been corrective only. The rebound currently underway is viewed as a knee-jerk reaction higher and should ideally peter out in the 1542/62 zone for a more concerted test of 1500/1493. A break of here will leave a top in place for a move to 1465 initially, then 1443. Hold shorts, adding on strength to 1542/62, lowering the stop to above 1565. Cover shorts on weakness to 1502/1490, re-selling on a break for 1471/65 initially.

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