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: Compadre who wrote (507)	4/23/1999 7:22:00 PM
From: James F. Hopkins	Read Replies (1) of 2103

Jamie: I believe it, as I also have a buy signal ( very short term ) and it don't have a lot of strength to it. Mid term is mixed to negative, I'm still on the fence as getting out of a short term buy is not always easy if she does turn south , so it says up but not up a lot , if I see the midterm signal get better I may try a buy but I'm looking more for a top to short at. ------------------ BTW did you read Rumblings at ? homestead.com if so in it I talk about a long SPY short MDY hedge, forget the BUY spy on that; the way to balance the hedge is use something like Vanguard 500 index fund for the long side and buy the exact dollars in it ; as you short the MDY. As crazy as it may sound Since May 13th 1998, it's made 18.57 % , that's a little better than it would normally do as 16% a year is average. It's not a get rich hedge but the long term risk is zilch. It's a Very good strategy for widows and orphans, or fixed income people. Jim

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