Hi Big Bull!
Like you, I think the OSX should pull back a little. I'm with you, the 95 level, give or take is where I see it heading. Triple witching, Mr. Greenspan speaking next week, and of course the OPEC meeting will all play a part in taking the OSX down, in my opinion. I've put some real low-ball buy limits out, just in case people over-react, but I don't see any need to chase anything here, ... this week.
I'd like to get an opinion from you, and others, in regards to the Nasdaq. I was talking with friends the other day, and I mentioned that with the Nasdaq at the 5000 level, I wouldn't be surprised to see the Nasdaq overtake the Dow in the next 3-4 years. Do you see this as a possibility? If so, wouldn't it be logical that the top 100 Nasdaq companies would play a vital role in pushing the Nasdaq past the Dow? And...if that's true, wouldn't an investment in the cubes, (QQQ), be a prudent investment following it's 2 for 1 split, later this month, and following Mr. Greenspan's speech?
Roebear made mention of the idea that the cubes may draw back to the 200 level, (100 after the split).
I don't have a position in the cubes yet, but based on my above mentioned observations, it sure seems like it'll soon be a "strong buy" in my portfolio. Looking for feedback!
Thanks in advance for your thoughts and/or ideas.
dabum |
