Jim's Nasdaq100 Special as a basket. Message Board

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

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To: Les H who wrote (1518)	11/21/1999 8:34:00 PM
From: James F. Hopkins	Read Replies (1) of 2103

HI Les; This run up dont make a lot of sense, but then the market is rarely senseable, and can get down right ridicules. Every body has piled on the Naz techs , and in the S&P that's almost the only thing thats pushing it up..what happens if they want to take profits , once you have as run like this it has to keep running to keep people in..if it even slows down the rush to get profits will show just how thin it's legs are, if the skinny legs start showing then the fear starts. I'm long a few positions but only the ones who have already been sold off, and I'm short the NDX via POTSX and puts on the QQQ. I know I may be rushing it some, as I don't have a true sell single as of yet but then the signals have been switching back and forth real fast. It reminds me of a barometer pumping just before a huge storm. Jim

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