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Strategies & Market Trends : 50% Gains Investing

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To: JSB who wrote (3267)	2/27/1999 12:54:00 PM
From: Dale Baker	Read Replies (1) of 118717

TO ALL: a very serious proposal for this thread related to the upcoming AMEX option stock for the NASDAQ, which I believe will trade with the symbol Q. I checked back to early 1998 and paper-traded the NASDAQ based purely on MACD lines and histograms. When the lines cross and the histogram changes hemisphere at the same time, buy/sell/short/cover accordingly. A rough look shows 7 signals in 1998 with five winning trades, one flat and one small loser (minus 50 points). The net gain was 1270 points up and down (i.e. long and short). If the NASDAQ continues to trade like this and we can put our heads together to call the signals, we could do very well with Mr. Q in 1999. What does everybody think? I'm personally willing to set aside a chunk of my portfolio just to play the Q. MFNX - like CMGI, on the verge of a big MACD buy signal. Top of the Bollinger band is in the high 40's and it will probably break that on a run, at least temporarily.

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