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Re: Zeev Hed post# 76220

Thursday, 02/13/2003 7:30:22 PM

Thursday, February 13, 2003 7:30:22 PM

Post# of 704041
I find it interesting that for the last 8 trading days the Nasdaq has been around the 1300 level.

The 1300 is the 50% retracemnet of the Oct 2002 to Dec 2002
rise.

More interesting is that the Wilshire 5,000 has given up
on holding this 50% retracement and is on it's way down
to test the Oct 2002 lows.

Translation:
Nasdaq is not going to hold this 50% level and will play catch up to the bigger Wilshire 5,000.IMHO.

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