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Non-Tech : QQQ - Nasdaq 100 Trust
QQQ 629.07+0.5%Oct 31 5:00 PM EST

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To: M CAHILL who started this subject6/4/2002 1:29:25 PM
From: Savant  Read Replies (1) of 840
 
QQQ--I'm still awaiting the intersection of the Nas Comp twenty year trend line and two year+ trend line. They are nearing each other.
A skew factor is the recomposition of the Comp, so will have to take that into account.
WSJ had an article yesterday about the money flow from Europe et al, abating. The author seems to think it might start flowing the other direction....could be. If so, I'm looking for a crossover of those two lines, before my comfort level resumes.
Fundamentally, I feel the Comp is overvalued.
Best, Savant
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