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

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To: Compadre who wrote (283)4/5/1999 5:07:00 PM
From: James F. Hopkins  Read Replies (3) of 2103
 
Hi Jaime; My system still says buy, but it is shaky, damm she went
up so fast today she left the tail behind.

I would say it was a short squezz but there aren't that many shorts.
That's a rub too as when she does retract with every one so bullish
there is not a lot to catch her.

I figured last min IRA money might pop her, and it is such a
momentum market yet the internals don't look near as good as
the indexes.

I wonder if all these new online traders are aware
of how hard it is to trade the market when it does a big fall ?
The last two times I tried to trade her on big volume days there
was no way to even get a broker, let alone get on line.
I went cash last Thursday , in spite of my buy signals
they can have this run.
Jim
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