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

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To: James F. Hopkins who wrote (2004)6/23/2001 9:22:22 PM
From: James F. Hopkins  Read Replies (1) of 2103
 
With the end of the trading day on the 22nd in spite of the NDX being
down the spread improved ..
Mo Mo off 10.84 since march 2nd = NDX off 8.18 = spread of -2.66
which looks like a good improvement from the 21st spread of -4.18
but then again they were not hitting the recent beat down stocks
near as hard which helped the spread.
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I seem to have found the weak link in this Mo Mo..
the spread can get wild if one or two stocks take a big
one day hit..
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On one hand the better spread looks good..but on the
other hand it don't..
longer term it's still down more than it was June 14 , which was -.79'
and I had to wiggle like hell to average down some Uopix I bought to
soon..
While I cleared it out Thursday with a profit it took some doing
and I didn't like being fooled by my own indicator.
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My short term signals are all mixed right now ...
& it looks to choppy to trade.
mid term I think if we do rally on the rate cut,
it will get sold into.
I'm keeping my eye on the dollar..
it seems ready to head south.
If it does Foreign investors will cash in
stocks.
Jim
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