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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Trumptown who wrote (98160)7/30/2002 3:50:12 AM
From: Psycho-Social  Read Replies (1) of 99280
 
Nasdaq vs S&P and Dow:
On my proprietary indicators of Long-Term Market Expectations, I'm getting a fairly extreme divergence between the Nasdaq and the rest of the Market. While this leading indicator (1-3months) says that the broad Market has probably started an intermediate term rally, the Nasdaq data is ominous. It suggests that the Nasdaq will only appear to go along for the ride on a short term basis. The Nasdaq will probably retest its low in the months to come, even as the broad Market holds well above its late July low.
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