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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 (866)	6/9/1999 7:58:00 AM
From: chartseer	Respond to of 2103

Hi Jaime! The bullish percent is based on the percentage of bullish charts while the averages are based on a total of select issues prices. While it does not happen often it does happen. Please notice two things. First the Bullish Percent is in a Bear Corrected mode( It has been moving up). Second that the total number of bullish chart patterns of all the stocks charted also increased from 660 to 750 while the total number of bearish chart patterns of all the issues charted also increased from 365 to 388. What does this all mean? I seem to think this means the averages will test their old highs for the simple reason that there are almost twice as many bullish issues than there are bearish issues at the current moment. Will the test be successful and will the averages exceed their previous highs? I do not know. I will use this opportunity to raise cash for the fall. I always go off margin during the summer and raise cash for Halloween buying. Lately the seasonal trends have been moving forward on the calendar. then again what the heck do I know? chartseer

To: Compadre who wrote (866)	6/9/1999 7:12:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Jaime; or Any one..I notice the UOPIX's Nav went DOWN today, with the NDX up nicely at the close that fund if it's tracking should have been up over 4% and it's down 1.97% ?? What the *#& happened..taht's not nice at all. --------------------------- Maybe it will make it up tomorrow but man how can any one use these to switch with if they play them kind of games. Bet there are some mad fund switchers about now. If I don't find a reasonable explanation I'm going to unwind from them and won't return. Jim

To: Compadre who wrote (866)	6/9/1999 9:23:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Jaime; & ALL , I'v decided these Pro-Funds on the NDX are not worth the hassle. techstocks.com While I'm still in the USPIX I intend to lock her off tomorrow and unwind. ( that may not happen if we have another Up day and no dips..but the first good dip day I'll get out of her ) --------------- Trading the QQQ is work enough , and when I use my spare money to lock off the FUNDs, it defeats day trading to some extent. Well most of it, Today I went long qqq at the open.. then sold , then shorted, then covered ; then shorted again just before the close. All the trades just did offset the down side of the USPIX, With out being in the FUND , then I would have had a fair daytrading day. Last week when in the UOPIX while I came out ahead but it was a hassle to do it, and feel I could have done just as good with the QQQ and with less trouble. ----------------- Jim PS BTW the QQQ hasn't really done squat ( on a buy and hold style ) if you take in the picture from it's start up. I think it's Time to buy bonds , and just play this daytrading on margin, margin rates cost me nothing if I'm in and out the same day.