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Re: Zeev Hed post# 6826

Tuesday, 07/23/2002 12:39:54 PM

Tuesday, July 23, 2002 12:39:54 PM

Post# of 704049
Zeev,

The RUT broke its Sept lows this am. This was the last holdout of all the indexes I track. I have been considering using a bit of margin. I was burned pretty bad years ago so am a bit reluctant. In order for me to pull the trigger, I am looking the following.

SPX 780-800
Nas 1200-1240
NDX 890-900
INDU 7400-7500
SOX 330-340

Since market is not in any hurry to go either way today I am leaning towards continued selling today. I checked the indexes after typing the last line and noticed this am's lows in tech land have given way. Do you think any of these targets will be hit today?

Should I put the allocated funds in market in 1 2 or 3 increments?

Thanks in advance

steve


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