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

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To: James F. Hopkins who wrote (311)4/10/1999 10:31:00 AM
From: Skipperr  Read Replies (3) of 2103
 
Jim & Jaime, Based on NDX, let me get your opinions on this for a strategy:

1) Already invested 70% in ProFunds UltraOTC
2) Set up a scale-down, 20% segment, buy-in based on the NDX Hi-Lo range for the day:
a) at 2260 - buy in with 20% of MMF assets
b) 2160 - 25%
c) 2110 - 33%
d) 2050 - 50%
e) 1950 - 100%
3) Just so the market won't take-off to the upside without me being more invested, when the NDX goes to new all-time highs, put in 50%. This would result in 85% invested with a little money left to BTD going forward.

I'm looking for an ultimate High this summer, and maybe a near-term high in mid-May to start thinking of taking profits - that's the best WAG, so far.

Anyway, what's your thoughts? If you have a better way, one that's worked better for you in the past, let me know. Please throw stones, whatever....

Regards, Skipperr
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