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

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To: Kemo Sabe who wrote (1932)2/3/2001 9:55:43 PM
From: James F. Hopkins  Read Replies (1) of 2103
 
Got it, blue chips = OEX..
CNBC often talks of blue chips like they are
separate from tech..as if the OEX has doesn't
have tech in it, yet at the top of the OEX there is more
tech than non tech.
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BTW I noticed one of your posts where you point out
the QQQ was going up while the NDX was falling.
That can happen both ways at times ( not to far as
arbitragers will bring it back )

It's sort of unpredictable when it will "skew" and my take
on it has to do with the NDX futures.. as often the QQQ
will answer to the futures more than the index.
-----------------

I haven't give this a lot of thought but take a fund
like the USPIX ( short 2x the NDX ) to maintain
that status they use futures and very likely the QQQ
as they have fund switchers going in and out
daily & they have to adjust their position to maintain
a 2x short position , while the UOPIX is doing
much the same but long.
-------------

Not always but larger skews often come before a
reversal.
Also other thing that often looks like a skew but really
isn't is the Qs trade before and after hrs often on
the futures..while the NDX figure is frozen in
time..& they don't have the same ending and
starting point.
Jim.
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