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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.
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To: OX who wrote (1840)11/9/2000 8:21:10 PM
From: James F. Hopkins  Read Replies (1) of 2103
 
OX; I went in the UOPIX today, which is like the QQQ except
2X , this latest mess with the election results messed
up all my TA, as a result I slipped out of my boxed
positions with the QQQ , but with a loss of several hundred
however in dumping that I also used the money to make
the UOPIX buy. I'm also back in the ROGSX.
Now it looks like we GAP down again in the morning, if
it's anything like today I'll be grabbing some 2002 50 calls
if I can get em around 30-1/2.
---------
When this election thing is over the market is going to
make up it's mind taht it don't make a hill of beans
who gets in, a president just don't have the power
to effect the market longer term, that is in the hands
of people much more powerful than he is.
-------------
Also If the political thing was really behind this MSFT would have dropped back to her lows..the panic selling
right now is just playing into the hands of those who
missed the OCT low.
I'm still concerned about the high dollar, and the
value line having made a new low back in OCT..
quote.yahoo.com^VLIC&d=1ym
I had said if it broke below 400 it was a sure
sign of a bear market.
However even if GORE wins wall street is still going to
get their hands on the S.S. money that writing is on
the wall no matter who goes in, it just may not be as fast
as they had hoped.
So before it's over we have at least one more blow off
top before the big melt down.
Jim
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