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

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To: OX who wrote (1388)10/19/1999 9:22:00 PM
From: stockycd  Read Replies (1) of 2103
 
Ox, and thread,

Actually, this is a super interesting situation. The NDXBP tanked, but the market sorta rallyed today and yesterday. The clue for today was the up/down yoyo for the NDX. If the NDXBP had been up yesterday, I would have expected the intraday rally today to hold but the NDXBP was so low, it could not. Oh, they'll blame it on MSFT earnings ect but the fact is that any rally from this point should be muted and probably shortable.

Regards,
Chris
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