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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: exp who wrote (35595)3/1/2002 2:28:29 PM
From: t2  Read Replies (1) of 99280
 
Would be interesting if it picks up steam even today on the downside.
Too many bulls and bears and guess what? They seem to all be long! The short term trading crowd may just be too long and that can't be good for the Nasdaq...as that where most daytrader types will be placing their bets.

Such traders are also a lot more likely to take profits a lot more quickly...and if the market goes lower sell more to preserve profits.<g>

Still think Nasdaq will be tanking soon; I would also give it a max of early next week.
jmho
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