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

To: Jorj X Mckie who wrote (9240)	1/22/2001 7:09:11 PM
From: Poet	Read Replies (1) \| Respond to of 10876

Hi Jorjie, I agree that the market looks to be verging on another game of musical chairs, with money coming out of the Dow and going into the Naz. The thing that confuses me, though, is that if you look at the daily log chart of the NDX, we're hovering right at the uptrend line. If Greenspan doesn't cut by 50 bps, and soon, I think we'll have another downdraft in the Naz, but I don't have reason to believe we'll retest the lows of early January. I'll be buying that as a tradable bear rally.