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


To: Compadre who wrote (859)6/8/1999 4:34:00 PM
From: HairBall  Read Replies (2) | Respond to of 2103
 
jaime choy and Jim: How do you determine entries and exits on the QQQ? Do you chart the QQQ or the NDX?

Regards,
LG



To: Compadre who wrote (859)6/8/1999 5:10:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 2103
 
I said it would take Guts !!!
Now we will have to look at the Futures in the AM..
They did the trick again right at the close while the programs
were lock out..( futures went to buy area ) however that can
change over night real easy.
My guess is fr0m this point the QQQ will still fill that
second gap up and go to 102..below that the selling will
get fast. She may rally back to 106 if the Futures hold
over night..it's going to be volatile.
But longer term this tech sector can't handle 6% rates
at all, it needs 5.25 or less.
Now there was a double whamy that most people don't
know about, ( today the Foreigners saw our market dip more
than we did ) they got hurt in trading EUs and Yen on our
stocks as the Dollar fell, but they got hurt after their
market closed..so taht could put them back in sell mode,
they had stopped selling last week as the dollar was going
up and made their investments in our blue chips look good.
But that's not subject to be the case come the AM.
-------------------
I'm going to paste this just so I can have it to compare
with before the open tomorrow..
8th June 99 22:59 - Frankfurt Stock Exchange opens in 9 hours 30 minutes.

Name Symbol Last Trade Change Volume More Info
DELL COMP. DL-,01 [DLC.F] DLC.F 18:59 BST 33.50 -0.10 -0.30% 68,519
INTEL CORP. DL-,001 [INL.F] INL.F 18:59 BST 51.00 -1.50 -2.86% 21,719
MICROSOFT CORP. DL -,001 [MSF.F] MSF.F 18:59 BST 78.50 0.50 +0.64% 18,983
INTL BUS. MACH. DL-,20 [IBM.F] IBM.F 18:59 BST 114.50 -1.00 -0.87% 13,985
CISCO SYSTEMS [CIS.F] CIS.F 18:59 BST 110.50 -0.50 -0.45% 11,680
COMPAQ COMPUTER DL-,01 [CPQ.F] CPQ.F 18:59 BST 22.35 -0.65 -2.83% 133,031
MCI WORLDCOM INC. DL-01 [WCO.F] WCO.F 18:59 BST 88.50 1.00 +1.14% 8,329
AMER. ONLINE INC. DL-,01 [AOL.F] AOL.F 18:59 BST 109.50 -5.50 -4.78% 52,768
GENL EL. CO. DL -,16 [GEC.F] GEC.F 18:59 BST 99.50 -2.50 -2.45% 11,535
COCA-COLA BEVERAGES LS-50 [CCB.F] CCB.F 19:27 BST 1.75 0.00 0.00% 0
EXXON CORP. [XONA.F] XONA.F 18:59 BST 77.50 -0.20 -0.26% 1,503
Royal Dutch ROY.F 18:59 BST 55.85 -1.05 -1.85% 113,162
PFIZER INC. DL-,05 [PFE.F] PFE.F 18:59 BST 108.50 -3.00 -2.69% 9,248
Merck KGaA MRK.F 18:53 BST 33.55 -0.40 -1.18% 29,660
LILLY (ELI) [LLY.F] LLY.F 18:59 BST 70.00 -3.00 -4.11% 1,375
--------------------
I have an idea an early morn check on them will look worse..
and if so the Futures will give back that last min run up,
I think some one forgot to check on the dollar before they made taht
bet. But we will just have to wait and see.
Longer term I still see the Dow dropping to 9900 before it gets
over this case of shakes.
Jim