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

To: Steve Lee who wrote (57896)4/28/2002 11:18:29 AM
From: DebtBomb  Read Replies (1) | Respond to of 99280
 
Steve, it looks like over the last 3 years, $BPNDX put in a good bottom under 25.
Didn't they change the NDX in Dec.?? Took out some techs, added some other stuff??



To: Steve Lee who wrote (57896)4/28/2002 11:20:35 AM
From: farkarooski  Read Replies (1) | Respond to of 99280
 
<<I am 100% cash and looking for a bounce to short or a drop to go long on. Or both>>

are you sure you are not that old goat Dale Weaver (or is it Earl Weaver), he told me the same thing <ggg>



To: Steve Lee who wrote (57896)4/28/2002 11:31:15 AM
From: shoreco  Read Replies (1) | Respond to of 99280
 
Steve Lee, I've been following the same thing and this is what I came up with....

The NDX (QQQ) have been ripped apart from the Bio-techs being brought out back and kicked and beaten with no mercy.

The COMPX is made up of many small caps that have held up well, hence the divergence.

I see the INDU,SPX,NDX are all closing in on some support levels (near a bottom formation).

If the small caps continue to hold up, then I believe the $BPCOMPQ will move to a higher level and break above that 55ish level that has marked the top for the last couple years.

EOM
Shoreco

PS
Of course if they slowly unwind the small caps, it will lag behind the other indices and grind down over the summer.



To: Steve Lee who wrote (57896)4/28/2002 12:10:50 PM
From: TREND1  Read Replies (1) | Respond to of 99280
 
Steve
Small Caps may be breaking Sep 2001 Up channel.
If so, then $BPCOMPQ may come down very fast.IMHO.
Larry Dudash



To: Steve Lee who wrote (57896)4/28/2002 12:38:25 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 99280
 
Steve: Good point. Saw it too. $BPCOMPQ is being held up by the small and mid cap stocks IMO.



To: Steve Lee who wrote (57896)4/28/2002 9:05:58 PM
From: ajtj99  Respond to of 99280
 
Steve, the keys for the $BPCOMPQ and $BPNDX are the first crosses down after a pivot high. All the rest of that stuff is just noise until the $BPCOMPQ turns up from oversold levels, IMO.


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