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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (839)	6/7/1999 2:50:00 PM
From: Compadre	Read Replies (1) \| Respond to of 2103

FredE: Two things, 1) My system gave a sell signal. 2) The trend is still down for the NDX. Until that changes, I will short when I get a sell signal from my system. And I don't think that I am fighting the tape, may be on the intraday basis I am. But not in the intermediate term. Regards, Jaime

To: Stoctrash who wrote (839)	6/7/1999 3:35:00 PM
From: donald sew	Read Replies (1) \| Respond to of 2103

Fred, >>>> Why are you guys fighting the tape? Nets are rocking...supporting the NDX move <<<< My system is not linear, but attempts to predict extreme oversold/overbought(CLASS BUYS/SELLs) targets on the basis of time. So I normally get in before it turns, so in that case it would give the appearance of fighting the tape since my system is not linear. I got in when the NAZ was right around 2525 which is where we are now. Since it is already past 3:30 and the selling hasnt started, I am getting the feeling that we could get 1 more intraday upswing tomorrow. My actual BUY-IN time is tomorrow's highs, but took a chance today. seeya

To: Stoctrash who wrote (839)	6/7/1999 6:49:00 PM
From: James F. Hopkins	Respond to of 2103

Fred; I went in the USPIX, and I try to get in her on an UP day as I get more, so I really wanted the day to end on an up note. We think the rally is a bull trap. Longer term we are not fighting the tape or the trend. quote.yahoo.com^DOT,^NDX,AOL,ATHM,CMGI,MFITX,WWWFX,XCIT,YHOO,AMZN&D=3mm The nets as a group are hard pressed to get back up to their 50 DMA, the best illistration of that is in the internet funds. mfitx and wwwfx.. Several of the more recent Net IPOs are now trading below their first day price, and the new ones are no longer commanding the big price,..reality is beginning to dawn on the tulip gang A short on the rally is basically the same animal as the buy the dip mentality when the trend is up. I see the trend down, and I don't think Friday nor today has changed that yet. Let the bonds pop 6% one time , she can give up all of Fridays and Today's gains in a heart beat. The primary thing I bet against is "GAPs"..up or down the QQQ back fills them every time, & we have two gaps up now. Jim Ps I just looked, as I was gone most of the day,,and guess what.. right at the close ( and I'v seen this before ) they sold the futures into program sell mode but to late for the programs to kick in. Looks like some big money was shorting into the rally. Jim