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

To: chartseer who wrote (926)	6/18/1999 4:02:00 PM
From: Compadre	Respond to of 2103

Chartseer: I had a sell signal on the NDX since Wed but today it turned to buy again. I don't doubt for a minute that this thing may correct soon, but I do doubt that this correction is significant for me to go short. My expectations are that the NDX will pull back 50 to 80 points from its peak. Then I expect a full rally. So I will wait for this small pull back and use it as a buy opportunity. Regards, Jaime

To: chartseer who wrote (926)	6/18/1999 4:19:00 PM
From: Compadre	Read Replies (1) \| Respond to of 2103

chartseer: I gave you bad information in my last post. My system is still in a sell signal for the NDX. Regards, Jaime

To: chartseer who wrote (926)	6/20/1999 6:14:00 PM
From: Les H	Read Replies (1) \| Respond to of 2103

ASND votes tomorrow on LU merger hence ASND will not be traded as of June 28 this Friday. Still no news on replacement in NDX. Odd day, Friday. Nasdaq 100 up almost 15 but 22% of stocks in NDX gave RSI-5 sell signals. Last time this happened was June 8 at the prior reaction high (which had 25% sell signals). The NDX pulled back then from peack of 2155 or next day's close of 2085 to 2028. So, a 3% pullback may be in cards. OEX had similar divergence on Friday.