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


To: Steve Lee who wrote (38954)3/8/2002 10:28:06 AM
From: Mark Johnson  Read Replies (1) | Respond to of 99280
 
<<Going short here on NDX futures.>>

Can't wait to see how that turns out.......



To: Steve Lee who wrote (38954)3/8/2002 10:53:56 AM
From: DlphcOracl  Read Replies (3) | Respond to of 99280
 
Steve Lee: Your heart is in the right place but your timing is off. This market has quite a bit more to go on the upside, IMHO. Shorting a rally at the tail end, when the "dumb money" comes rushing in, is suicide. This is the most explosive part of a rally and regardless of how overbought, it is going higher. Don't be surprised if Nasdaq exceeds early January high of 2098 and possibly approaches the January 2001 high of 2368 (or so).