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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: EaglePutt who wrote (5124)8/14/2002 12:34:48 AM
From: Jeff  Respond to of 30712
 
i short certain dow also.....its just most around here play the nasdaq and the nasdaq is the one that was following the retrace the best till the dow and spx started catching up...

dow and spx targets.....just look at a monthly chart and use the 150 and 200 ma lines as a guide.....

it tells the whole story.....

also.....if the retrace goes all the way....most nasdaq stocks get another 50% off.......dow might get in the 5000's so nasdaq still gets the most down.....



To: EaglePutt who wrote (5124)8/14/2002 6:42:23 AM
From: Justa Werkenstiff  Respond to of 30712
 
EP: It is worth noting that this rally has been lead by defensive issues. NDX and SOX new lows prior Monday showed tech. weakness in the rally and Nasdaq seemed like the best shorts at the time.