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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (17549)6/11/2001 6:58:41 PM
From: Jdaasoc  Read Replies (1) | Respond to of 30051
 
Zeev:
Namely, more volume in declining stock than in rising stocks.

The only confirmaition I can comment on is that Nazdaq 100 (NDX) is declining more on a percentage basis last few days than Nazdaq comp. Money is coming out of stocks via Naz 100 futures. Little guys holding small cap NAz issues reflected in Wilshire 5000 isn't feeling full extent of decline.

Just my impression we will get mild decline through options expiry followed by steady but mild recovery leading to FOMC quarter point rate cut Jun 24. After that I do not have the faintest clue.

john



To: Zeev Hed who wrote (17549)6/11/2001 8:33:49 PM
From: mishedlo  Respond to of 30051
 
Zeev, have bios peaked and if so do you have a target for the bio index? Also on the way down do you expect bios to outperform or underperform the Naz index?

Thanks

M