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

To: LTK007 who wrote (56873)	4/26/2002 3:41:59 AM
From: Steve Lee	Read Replies (1) \| Respond to of 99280

Yes, $BPNDX is looking like bears should be very careful. $BPCOMPQ on the other hand seems to have just topped: stockcharts.com[h,a]daclyyay[de][pf][vc60][iut]&pref=G I think $BPNDX is the most useful one for timing entries and exits but I have not noticed the two indicators being so out of whack before. Some technical damage over the last few days suggests further downside yet we are oversold and sentiment is down so maybe a bounce? The clear conclusion for me is to wait until the indicators align more. The unpredictability of the reaction to upcoming GDP only reinforces that stance. However, with VXN still low in the face of such uncertainty, a straddle on some NDX stocks or QQQ is a trade worth considering.