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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: moufassa7 who wrote (5039)	2/15/2002 5:16:31 PM
From: DlphcOracl	Respond to of 13660

moufassa7: Agree entirely. Before this month is over, I am looking for Nasdaq to hit low 1700's, SOX to retreat to 500 level, Dow to dip below 9500, and S&P to retreat to 1050. Any selloff will not be convincing unless the Dow and S&P join the NASDAQ on the way down. Many of these "safe havens" (retailers, consumer cyclicals, restaurant chains) are as overvalued as the tech sector.

To: moufassa7 who wrote (5039)	2/15/2002 5:46:19 PM
From: Mark Konrad	Read Replies (1) \| Respond to of 13660

I tend to agree the overall market is heading lower. As of now I am holding very few longs, fishing modestly with close stops, and charting a whole slew of techs for future buys. A few individual issues are beginning to look very interesting; exceptions to the broad-brush of the indexes are where I've always made the most money. Lately, it's been as I've said for longplayers: be satisfied with base hits until market conditions allow homeruns again. Besides, those 5-20 percent gains do add up! All imo--MK--