TIMING INDEX MUTUAL FUNDS Message Board

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Strategies & Market Trends : TIMING INDEX MUTUAL FUNDS

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To: Bald Man from Mars who wrote (88)	2/8/2000 5:51:00 PM
From: donald sew	Read Replies (2) of 428

Bald Man, Per our trading account we also have a USPIX postion which is losing but fortunately we have it partially hedged yesterday with an UOPIX position which will minimize our losses. Frankly, I still see the downside for the NDX much greater than the upside. Im not great at setting targets but I suspect that there will be quite a bit of resistance near 4500 on the NAZ. For the trading account I will not get nervous untill 4500 is taken out. I dont know how that fits in with your USPIX position, since it depends on what type of loss you are working with. If the NAZ doesnt break 4500 to the upside, I suspect that we could see the 4200 range easily and possibly much more. I feel that the stronger negativity will occur after FEB 18, and then mid-MAR/APRIL. seeya

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