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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.
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To: Smooth Drive who wrote (1086)8/23/1999 11:28:00 PM
From: OX  Read Replies (1) of 2103
 
Hi Eric (or anyone)

I have a dilemma w/ looking at a QQQ PnF chart (below).
I see some minor (unofficial) BRL, esp. after today's action.
My main question is, does it make sense to follow the QQQ
chart or more solely follow the NDX chart.
My reasoning is that the QQQ is simply a tracking stock so
it would seem to make sense to ignore the idiosyncrasies
of a tracking stock and just PnF the underlying index.
(I guess the same Q could go for non-PnF charts too.)

Any validity one way or the other?

Thanks for any insight.

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124 +
122 X +
120 ----------------------------7 O +--
118 X O X +
116 X O X
114 X * X O X
112 X X O X * X O X
110 ------------4 O X O 5 O * --X 8 X -
108 X O X O X O X * X O X
106 X X O X O X O 6 O X O *
104 X O X O X O O X O X *
102 X O X O X O X O *
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