TIMING INDEX MUTUAL FUNDS Message Board

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Strategies & Market Trends : TIMING INDEX MUTUAL FUNDS

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To: awi who wrote (126)	2/11/2000 4:15:00 PM
From: Lee Lichterman III	Read Replies (3) of 428

>>Do you have a target for the DOW too?<< Long term bullish fork is 10400, mid term bearish fork is 9700 so I am watching this current area very very closely. Since the NASDAQ hasn'r even begun to correct yet, I am worried that even if the DOW tried to put up a fight here and stay up, that the forthcoming correction in the NASDAQ may incite enough of a panic that the DOW support could fail and let it fall much farther despite the heavily over sold nature of the DOW stocks already. I show the DOW deeply over sold but also the NASDAQ seriously over bought. When I looked through some of the DOW stocks individually, it was an ugly site. Support lines broken that went back long periods of time, waterfall drops in the last couple weeks etc. Waterfall drops usually don't just bounce back. Hopefully I will get a better read this weekend when I have more time to read the charts. You have to remember that I was out of touch with the market most of this week due to weird shift work and long hours so I was only doing the bare minimum thus why I didn't trade what I thought would happen and eventually did it appears. Don, I am as usual confused about tonight's trade. The question about settlement time especially has me curious as I thought we were going to move into the SPX funds on the next one. Change in strategy??? Will talk to you onthe phone I guess regarding this unless you want to post it. Won't delay's in settlement inhibit future swing trading now that over half out money is in the market?? EDIT - Took a closer look at my DOW chart, target would be 10350 as of Monday but rising so 10400 by mid week, then 9700 Good Luck, Lee

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