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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Lost to Voodoo who wrote (7357)	11/17/2000 6:25:29 AM
From: Poet	Read Replies (1) \| Respond to of 10876

From the Thursday Option Investor newsletter: "NASDAQ has not seen its 20-period moving average be anything but support for years until now. We are trading on the bearish half of this Bollinger band standard deviation and look what our price level two-standard deviations at the lower band is. Not saying we'll see it anytime soon, just be aware that we are closer to that than the upper extreme at 4,800. The weekly chart and daily chart (not shown) both exhibit classic bullish divergence. What does this all mean? NASDAQ 5,000+ may not be in the cards for awhile but a very tradable rally should be near. The Comp won't see new market highs for a long time. Many of the ridiculously-inflated "noprofits.com" components are now dead & gone. This doesn't mean that good stocks won't rally to new highs and other great stocks will emerge to soar as well because they certainly will. It just means that not every IPO will soar 1,000% for years to come."