Jim's Nasdaq100 Special as a basket. Message Board

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

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To: Skipperr who wrote (332)	4/11/1999 3:33:00 AM
From: Compadre	Read Replies (1) of 2103

Skipperr: <<Please check the $$$ into Money Market Funds>> How does Berinyi apply this data to day the market is going higher? 26 B going to mm funds while a little over 3 B going into equity funds. It appears to me that people are still very cautious with Equities and are taking the sure route in the mm funds. Don't get me wrong, I still think that the trend in the DJIA is up, it is just that I can't see how he interprets this data. Don't forget though that when the talking heads refer to the markets, they are most likely talking about the DJIA, and your bet on the Ultra OTC is confined more or less in the High Tech field. I have found that the NDX does not follow the DJIA in most cases. Therefore I analyze it independently to the DJIA, and a large % of the times, I get opposing signals for these 2 indices. <<Although Monday could get hit pretty hard to the downside due to CPQ>> That is also my take. But if the Markets gap down big (60 NDX points) I would bet on the buy the dippers to move in. The only thing that worries me is that the Nasdaq Volume keeps on rising. I it does rise, then it has the makings of a blow off top to me. Regards, Jaime

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