Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: KevinMark who wrote (50006)	4/11/2002 12:49:00 PM
From: DlphcOracl	Read Replies (1) of 99280

The Nasdaq a "major buy"? Au contrere!! If you believe Nasdaq is a "buy", what is your time frame for holding it? Days? Weeks? etc., Over anything but the VERY short term, I would not be jumping into the Nasdaq index. Unlike Zeev, I do not think we will get any sort of meaningful rally. Best I see ahead may be a 75-100 point spike above 1800 next week during Options expiration week. After that, I think we slowly grind our way down to one on the year's lows. Whether it will be low 1600's or low 1400's is anyone's guess.

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