Zeev's Turnips - No Politics Message Board

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

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To: Steve Lee who wrote (57896)	4/28/2002 11:31:15 AM
From: shoreco	Read Replies (1) of 99280

Steve Lee, I've been following the same thing and this is what I came up with.... The NDX (QQQ) have been ripped apart from the Bio-techs being brought out back and kicked and beaten with no mercy. The COMPX is made up of many small caps that have held up well, hence the divergence. I see the INDU,SPX,NDX are all closing in on some support levels (near a bottom formation). If the small caps continue to hold up, then I believe the $BPCOMPQ will move to a higher level and break above that 55ish level that has marked the top for the last couple years. EOM Shoreco PS Of course if they slowly unwind the small caps, it will lag behind the other indices and grind down over the summer.

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