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: donald sew who wrote (2002)	6/22/2001 10:46:55 AM
From: James F. Hopkins	Read Replies (3) of 2103

Donald; Just a few Thoughts.. Well I can see the mutual funds are doing a re-balance at this time...even in the NDX they are trying to cull out losers and buy winners , ( or the most liquid )..lots of rotation going on. It's a sign that a bottom is "trying" to build; however we wind up with fewer stocks supplying the most market cap, & if it don't work it's not to healthy. In a real bull market there is "not" so much rotation, some stocks out run others but not at the expense of others being sold off. we need to get to where at least 80% of stocks in any index are up just a tad in a months time. And then for 50% of them to hold above that point ; like we may have a down month latter but just as long as 50% don't give up the first months gain they made; Then I would think we could have made a bottom but that's not the case at this time, ( At least not in the NDX ) So we could well re-test the April lows before this is over. I'm using several paper portfolios..and the NDX & one I started on May 7th needs to keep 50 of the stocks above the point they had on may 7th. even if it's just a tad, however only 38 of them have held up. While the NDX has only gave up 6.73% from May 7th, the Dollar volume weighted index ( my mo mo ) has gave up 11.54% , that's not good as the 4.81% negative spread tells me that it's to few stocks trying to hold up the market cap index. If it were the other way around with the NDX down 11.54% and the Dollar volume only down 6.73% I would be buying hand over fist. Stock Traders in the NDX ( swingers ) for the most part are lossing more money than the Index indicates since May 7th. Jim Jim

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