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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	6/26/2001 11:06:19 AM
From: Ron Dior	Read Replies (2) of 37746

This is part of the divergence I have been talking about. NAS will not fall much more IF it breaks below 2K. The DOW on the other hand has a long way to go. The only thing that worries me is that the NAS could trade sideways for a period of time in order to close the gap. I was hoping that the NAS would rise in as the DOW fell, but now I am not as certain. I do know though, that when the divergence has been tamed then the NAS will lead the way up once again. As far as trading goes, I would be very careful here holding long term any DOW heavy equities. The safer holds IMO are the beaten up NAS leaders or a few growing S&P mid caps. Analyst keep spewing that we are putting in a second bottom. While I agree that this is the case for the NAS I feel they are going to get burned with the DOW. My target EOY for the DOW is 8500, 3000 for NAS. Ron Dior

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