Adam Oliensis Profiles the Following Issues: NASDAQ 100 Index and the S&P 500 Index.Business Editors CHICAGO--(BUSINESS WIRE)--Feb. 14, 2003 To be effective on Wall Street, you'll have to learn where the strong spots are and how to exploit them. That's the definition of an agile trader and the philosophy of Adam Oliensis. Learn what his technical analysis says about the market and get an index that has been performing better than most. Read his takes on the CBOE CBOE See: Chicago Board Options Exchange CBOE See Chicago Board Options Exchange (CBOE). NASDAQ 100 Index Nasdaq 100 Index A market-capitalization-weighted index of the largest and most active nonfinancial domestic and international issues listed on the Nasdaq Stock Market. (CBOE:NDX NDX Index NDX Index (File Name Extension) NDX Northern Document Exchange NDX Index File ) and the S&P 500 Index (CIN CIN cervical intraepithelial neoplasia. Cervical intraepithelial neoplasia (CIN) A term used to categorize degrees of dysplasia arising in the epithelium, or outer layer, of the cervix. :SPX (Sequenced Packet EXchange) The transport layer protocol in the NetWare operating system. Similar to the TCP layer in TCP/IP, it ensures that the entire message arrives intact. SPX uses NetWare's IPX as its delivery mechanism. ). Click here for the full story exclusively on Zacks.com: http://featuredexpert2bw.zacks.com/ Here are the highlights from the Featured Expert column: There's a touch of madness in the air. (At least a touch.) And while we each are entitled to our own views about the relative merits of it, the market is now starting to reflect a really heightened emotional state, and that's what Oliensis is concerned with here. Right now there's still some place left to hide, and that appears to be in the CBOE NASDAQ 100 Index (CBOE:NDX). Most of the market has retraced at least two-thirds of the fall rally. The NDX is showing relative strength during this breakdown. It's odd for the NDX to be so strong when the Information Technology (IT) spending outlook is so subdued sub·due tr.v. sub·dued, sub·du·ing, sub·dues 1. To conquer and subjugate; vanquish. See Synonyms at defeat. 2. To quiet or bring under control by physical force or persuasion; make tractable. 3. . Oliensis thinks that the NDX and some of its names will have to give up the ghost to die; to expire. See also: Ghost before a real bottom is in. And while he remains in his short positions for now, he'll be scanning these strong stocks for long candidates once a capitulation CAPITULATION, war. The treaty which determines the conditions under which a fortified place is abandoned to the commanding officer of the army which besieges it. 2. event occurs and we get that a mega buy signal. As for downside targets, we're getting real close. The target we'll go with on the S&P 500 Index (CIN:SPX) is 804-808. 808 is the full measured move on the breakdown. 804 is the bottom of the breakaway gap that began the fall rally. If we go meaningfully below that then he'll take it to mean we're into a whole new impulsively bearish Bearish Words used to describe investor attitude. A bearish investor believes that a particular asset or the market as a whole will decline in value. bearish idea. Learn about the companies in the NDX and get more technical information from Adam Oliensis, including his "Sentiment Dashboard Exigesis" special report, by clicking: http://featuredexpert3bw.zacks.com/ About Zacks Featured Experts To be a successful investor you need professional advice. Experts who know what they're talking about and can help you achieve your financial goals in good markets...and especially in bad ones will help you improve your portfolio. That is why Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. has assembled the best investment experts in the business to offer their powerful advisory newsletters to you on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc. Recommendations from Featured Experts Highlighted in FREE Investment Newsletter The best way to tap into the powerful advice from these experts is through our free weekly e-mail newsletter, "Profit from the Pros". Each week we highlight several Featured Experts in this free e-mail See Internet e-mail service. newsletter. 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