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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: 4rthofjuly007 who wrote (34434)	2/27/2002 8:01:25 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 99280

4rthofjuly007: I'm with you. I've been surprised by the market's strength and resilience over the past 3 or 4 sessions. Although the Nasdaq is the weakest index and may have some further downside, I think it is no more than 3-5%, with much greater upside potential over the next month. Meanwhile, there is a stealth bull market in just about everything else. The Dow has gotten a bit ahead of itself, but the small and mid-cap indices have been barely affected by most of the Enronitis and downdraft and are now slowly creeping upwards. In particular, the small and mid-cap value ETF's have broken important moving averages. I know I'm in the minority, but I am constructively bullish IN CERTAIN SECTORS in March, the last of the seasonally strong months. I am 70% invested, primarily in the small and mid-cap value indices and have started averaging into the NASDAQ. With the NDX already having bounced off its 61.2% Fibonacci retracement, I think the downside is limited over the near term. The April through September period is an entirely different matter, however.