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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: tsigprofit who wrote (49308)3/17/2001 4:57:17 PM
From: DlphcOracl  Read Replies (1) | Respond to of 57584
 
tsigprofit: Both the upside and downside for the UOPIX are frightening. It has been losing 5 to 10% PER DAY over the past two weeks. One thing about buying into this fund -- you definitely do not want to buy this on the way down.

I still have not bought any shares of UOPIX and will not until the NASDAQ stabilizes and begins to form some sort of base; or, at the very least, wait until the NASDAQ is able to last a week or two without declining before nibbling. I have NASDAQ 1500-1600 in my mind as the most likely low, but even that is not etched in stone. I will continue to listen to the market and let it tell me when it is time to buy. I am not afraid of the NASDAQ running away from me this time around.