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otraque

04/16/04 12:20 PM

#10221 RE: Z-M-L #10215

I just did Fib on NDX using Sept.2001 lows and april 2002 highs and see the January 2004 highs fell just 2 points short of April 2002 highs.
Just now had strategy session with my broker(he is a EXCELLENT broker--classA)
We are waiting into next week , but we are both now looking to 2-1 short positions with a stop loss.
That NASD top is in for the year, very likely. And SPX might just get a touch of its last high.
We both feel the smart money has flashed their 6-month signal.
I have looked at 2001 and it did have one last push before a huge sell-off starting 5/23/2001.
I am looking to short both SPX and NDX.