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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.
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To: James F. Hopkins who wrote (1789)9/29/2000 6:36:52 PM
From: James F. Hopkins  Read Replies (3) of 2103
 
To All; This is an update of the way I'm using my Mo Mo
stocks ( basket ) to flip the qqq.

For them that haven't read back on my Mo Mo stocks,
I keep the basket small enough to track it by eye during
the Day..it only has 11 stocks in it and I picked them
by the Amount of dollars they trade on a 3 mo average
by avg volume X price.

They are not all the biggest caps but dollar wise they are
generally the most activly traded.

It's a sort of follow the Money..traded ( instead of the
Cap change ), I have found them to be the very best short
term indicator of what the NDX ( QQQ )
is going to do next.

I wish I had a longer term indicator but I haven't found
one yet.
Here is a take on them at the end of today.
----------------
Date 09/29/00
Going into the close..this is 15 min delayed
And I compare the basket to real time during
the day.
INTC 3:58PM 41 11/16 -2 3/4 -6.19%
MSFT 3:58PM 60 3/8 -15/16 -1.53%
QCOM 3:58PM 72 1/16 -2 3/4 -3.68%
QQQ 3:53PM 89 27/64 -2 9/64 -2.34%
ORCL 3:58PM 78 3/4 -2 47/64 -3.36%
DELL 3:58PM 30 7/8 -2 9/16 -7.66%
AOL 3:53PM 53.50 -0.09 -0.17%
CSCO 3:58PM 55 1/2 -3 15/16 -6.62%
JDSU 3:58PM 94 15/16 -2 7/16 -2.50%
SUNW 3:58PM 117 3/8 -6 1/4 -5.06%
LU 3:53PM 30 9/16 -9/16 -1.81%
WCOM 3:58PM 30 3/8 +1 3/8 +4.74%
----------------
Below is enc REAL TIME quotes==
INTC 4:20 PM 41 3/4 -2 11/16 -6.05%
MSFT 4:19 PM 60 5/16 -1 -1.63%
QCOM 4:19 PM 71 -3 13/16 -5.10%
QQQ 4:19 PM 88 3/4 -2 13/16 -3.07%
ORCL 4:21 PM 78 5/8 -2 55/64 -3.51%
DELL 4:21 PM 30 3/4 -2 11/16 -8.04%
AOL 4:06 PM 53 3/4 +41/256 +0.30%
CSCO 4:21 PM 55 1/4 -4 3/16 -7.05%
JDSU 4:20 PM 94 41/64 -2 47/64 -2.81%
SUNW 4:21 PM 117 -6 5/8 -5.36%
LU 4:16 PM 30 5/8 -1/2 -1.61%
WCOM 4:20 PM 30 3/16 +1 3/16 +4.09%

----------------
Note I have two sets, I run about 5 windows when I'm tracking,
and these two are up at the same time side
by side. The first one is 15 min delay, the second
is ENC real time. In that 15 min window of time
I check for an overall direction in respect to the
entire basket. It's easy to see the percentage change
of each one when set up side by side in that time frame.
------------------
To confirm a move I also watch Qcharts when it's up
and running, while I'm tracking the NDX.X I also
watch the TRIN..( not so much for a set trin number
but for it's direction )
I won't buy on a rising trin..I like it falling and
below 1 to buy..
The Trin kept me from buying the rally about 15:30
today as it turned into a fake rally.
---------------
If any one sends me a privet message with an e-mail address
I will send two small .jpg screen captures I took today
of the qcharts & ( my Mo Mo stock side by side picture
of what I'm looking at. )

It's really an ass kicker when it comes to flipping
the QQQ. ( but you have to be fast and have a trading
screen running in the background. )
Any more I don't try to time or pick some price to trade at
I let the Mo Mo and Trin tell me when to pull the trigger
and all my trades are done at market.
----------
When I see one getting close I set the trade up, and
toggle back and forth to where all I have to do is
click the confirm button when I think things are right.

When I'm fast enough I can catch the QQQ selling at a discount
or sell it at a premo to the index, however
it's not that discount or premo that I'm primarily
shooting for..I like to see enough of a reversal
in the Mo Mo basket
with a favorable trin to think the QQQ has a good chance
of at least a 2 point move.
---------
Jim


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