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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: Jack of All Trades who wrote (1273)10/7/1999 12:07:00 PM
From: OX  Read Replies (1) of 2103
 
>what's your take?

Hi,

I'm not sure what you're asking. Since you mentioned TRIN, are you also referring to my 5day TRIN projections I posted on MDA?

I think SPX and NDX will pullback a little, but not enough for me to worry about it. Your mileage may vary.
I would actually like QQQ to pull back to 100SMA (115-ish now). But I don't think it will happen. I have a hard time believing it's just gonna take off from here (mid 120's). But I'll bet many others will too. (I'd like to see the SPX put on a little more ground than the NDX for the short term tho.)

I'm long, but I'd like to think the mkt has at least one good scare left before the end of Oct. One that won't take out the previous SPX lows (1260-ish).
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