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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: Baton who wrote (6786)	4/26/2002 4:14:21 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 13660

Baton: I'm entirely with you on this one. Just went from 100% cash to 100% ProFund which indexes the NDX 100. If this isn't the bottom, it's close enough for me. I think 1620-1630 will halt this slide on Monday and the market will bounce back strongly. If I'm wrong and we continue to decline down to a true retest on the 9/21 lows (Nasdaq 1420), I'll convert my ProFund shares into a fund which leverages the NDX 100 by 2:1, effectively doubling my bet in the low 1400's. I think (hope) we will get a snap-back rally of 10-15% over the next few weeks.