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

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To: Casaubon who wrote (2036)10/24/2003 12:17:06 PM
From: James F. Hopkins  Read Replies (2) of 2103
 
It's hard for me to believe what the tape is saying..
Big money is running like hell out of MSFT , CSCO
and even INTC and with volume too..
Meanwhile the small investor is hanging onto
all the cheap hi beta stocks, and even buying some
of them..
The big fat legs under the market are being replaced
with skinny thin legs..what the hell will happen if
we get some really bad news ?
-----
This is a setup for a disaster..I'm not saying we will
get it, but if anything really bad happens then
the whole bull market thingy gets shot all to hell
in just a matter of days.
It's real scary looking to me, just great if
we bounce off some support, but at the speed
the kings are running for cover if support don't
hold it's going to be one hell of a wreak.
If it were not for the Hi Beta stocks we would
have already hit below the 50dma and perhaps be ready to
bounce, the fact the index is or has not not fallen
any where close to the rout in the big caps
is going to make the 50dma hard to hold, drop
much below it on a closing basis and this
party is going to turn into a shit fight.
Jim
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