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Strategies & Market Trends : Moufassa's Lair
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To: moufassa7 who wrote (5039)2/15/2002 5:16:31 PM
From: DlphcOracl   of 13660
 
moufassa7: Agree entirely. Before this month is over, I am looking for Nasdaq to hit low 1700's, SOX to retreat to 500 level, Dow to dip below 9500, and S&P to retreat to 1050. Any selloff will not be convincing unless the Dow and S&P join the NASDAQ on the way down. Many of these "safe havens" (retailers, consumer cyclicals, restaurant chains) are as overvalued as the tech sector.
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