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

To: 16yearcycle who wrote (41436)	3/17/2002 8:54:48 PM
From: ajtj99	Respond to of 99280

Eugene, most of the indicators I've looked at for the NDX are mixed right now. Even the BB's are flat, which indicates there is no defined trend. The increase in the NDX after the close Friday may point the way to the market's direction. We may have seen a market held down by options expiration, as it may have gotten a bit ahead of itself the previous week. Normally the Monday after an up expiration day is down, so I think we'll end the day Monday down slightly. The one thing that may cause the market to make up its mind fast would be no change in the Fed policy this week. That may cause a rally in the bond market as well as a spike in the stock market. Either way, a rise above NDX 1507 / COMP 1880 should be bought. If we get above that range, I'll be buying some April calls, as we could test the highs from last week. The drop to COMP 1848 could be viewed as a successful test of the pivot low at 1841 as well as a .618% re-trace of the move up from the Feb. 22 lows.