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: Monty Lenard who wrote (1791)	10/1/2000 11:58:33 AM
From: James F. Hopkins	Read Replies (2) of 2103

HI Monty; If you remember back in April , May I was concerned about the Value Line Index and watching it there is a lot of money and derivatives tied up in the stocks that make it up, and it peaked way back in 98.. quote.yahoo.com^VLIC&d=5ym ---------- In May I said it was critical to the overall market for it to hold 400, and if it broke under 400 the stealth bear market might well lose it's footing and become an all out panic. Well I still look at it, and now I would think the July Low of about 405 is critical quote.yahoo.com^VLIC&d=1ym ----------- Damm if it isn't making higher lows for a change, & looks like it may have based..if it can hold above 405 on this down turn we could slip into a stealth bull market. -------- With all the rotation and drop in the Big caps, under the surface we seem to be broadening out. At any rate it's looking better to me than it did several months ago, and it's something to keep an eye on. If it will continue to make higher lows this market has a chance to rally at some point ( and maybe strong at that ) Jim

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