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


To: Win-Lose-Draw who wrote (15252)11/15/2002 10:52:18 AM
From: t2  Respond to of 30712
 
This relatively strong Dow in comparison to the Nasdaq sets the stage for a recovery in the Naz.

Only down about 50 points.
If Dow moves into positive territory--that has got create a surge in Nasdaq buying, driven by short covering. Too risky to be short tech with the Dow so close to flat.

I am betting the odds favor that scenario and taking up some more technology longs for a trade here (CSCO and QQQs).