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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: KM who wrote (36650)1/4/2000 8:24:00 PM
From: bobby beara  Read Replies (1) of 99985
 
USPIX is the profunds ultrashort otc fund, it is about 1.8% inverse the nasdaq 100.

On the thread we were discussing the implications of index component revisions to the Dow, but quietly the Nasdaq 100 had re-invented itself almost completely in the last 3 years (85 changes), it now contains mostly stocks that have no (or negligible) earnings, which have been the best performing stocks of the last three years.

uspix touched the bottom line of a parallel channel from the jan/april lows on new years eve and i believe made a terminal throwover yesterday.

b
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