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

To: qwave who wrote (73172)	5/30/2002 8:52:00 PM
From: DlphcOracl	Respond to of 99280

qwave: If I had to guess, and that is just what this is, I think the Nasdaq will bottom somewhere in the 1480-1500 range in the latter half of June. I think we will begin a summer rally (or some sort of bounce lasting more than a week) by July. Regarding any bounces over the next three weeks: I think the intermediate term trade in still decidedly down and any bounces will be of the 1-3 day variety. The other indices will have less decline (Dow 9500? S&P 980-1000??), which is why I do NOT think this is the low that will end the bear market. The unfinished work on the downside will (IMO) occur in September or October. Again, this is a hunch. The point of my post, however, is that I will not wait for Nasdaq to reach 1400-1420 before buying the Rydex or ProFunds which leverage the NDX 100 index by 2:1; I think the bounce will occur before then with the "usual" 5-10% reversal day in the NDX 100.