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

To: t2 who wrote (36266)3/2/2002 7:39:39 PM
From: TREND1  Read Replies (1) | Respond to of 99280
 
NV
one cent must be good for a 500 point drop in the nasdaq
on Monday(g)



To: t2 who wrote (36266)3/2/2002 7:45:16 PM
From: Psycho-Social  Respond to of 99280
 
Nasdaq Outlook:
While I don't claim to-the-day accuracy, I am expecting one more sell-off in the coming weeks based on:
A. A trough in Long-Term Nasdaq Market Expectations (1.5 to 2.5 month lead) at the start of February, with little recovery since then.
B. Fairly high trader bullishness based on Jake Bernstein's data.
I sold my final Nasdaq position at the close on Friday. Still have a 25% position in Fidelity Magellan, which has low Tech exposure. Am 75% cash.


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