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Strategies & Market Trends : Zeev's Turnips

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To: Zeev Hed who wrote (642)1/29/2002 6:08:20 PM
From: orkrious   of 644
 
sox is down 2>48% and the Naz 2.68%, about the same

Zeev, what I meant by my comment is that on the way up the Comp didn't rise as much as the Sox. The Sox had days when it was up 6-8% and the Comp was up less. Essentially, I think the Sox has a higher beta than the Comp, so relatively speaking it held up better today. One of these days it will get creamed.

I did cover before the close. I won't be surprised if after the tanking we have had we initially rally on the Fed. If they don't move their bias back to neutral I think they will have some encouraging comments. That rally s/b sold IMHO.

ork
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