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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.
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To: OX who wrote (1316)10/12/1999 3:03:00 PM
From: James F. Hopkins  Read Replies (2) of 2103
 
EDIT at Bottom, I use (3mo_ave_volume x Price) to pick the stocks that go into the index, which is a paper portfolio that's weighted by the
(3mo_ave_volume x Price) it's only got 11 stocks in it for the
NDX, I then track it's percentage change along with the NDX
percentage change. I can click update at any time, and I
watch the change percentage changes between my DVI and NDX.
My last update on weighting was July 27.
AS a rule the most popular traded by $ will out do the NDX
if you could buy them all and go short the qqq the same
amount of dollars , then just kick out one or two of the
lagers , you would have a nice hedged portfolio..on down
turns and could cover the short on up turns.
But this thing recently of not being able to get qqq to short kind
of kills that idea.
-------------
I guess longer term puts on it , then playing the DVI stocks
would work. While the DVI tends to lead, it don't normally
lose as much as the NDX on down turns sort of turning up as
the NDX goes on down. And it so far it does better on the
up swings. I can't afford to buy enough of all the stocks
in it to make the play anyway so it's mostly academic to me,
but I use it as my primary indicator for the QQQ.
I don't rely on it alone if other things are saying just
the opposite I'll just pass. But by the same token I don't
ever trade aginst it no matter what any other indicator says.
I got to run looks like the NDX is now making it's move
to catch up with the falling DVI.
I got short via puts early today.
Jim
PS
Looks like they are skewing the options the SOBs, I will kill
my sell to close order and buy the QQQ then arb out if they keep
it up.

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