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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (19637)	7/8/1999 8:47:00 AM
From: James F. Hopkins	Respond to of 99985

Hi Berney; Did you scrol over to the right ? Two of them are short funds so they for sure go the other way. The internet funds are up really good since JUNE 15. The slm caps were beating the lrg caps until around the 2nd most of those lrg caps eat the S&P alive in an uptrend, one just about tracks it. I said I don't consider KAUFX as a hot fund, I just like to track it, it started to make a sort of come back. Now I suspect if the market goes on south most of these will suffer more too. I think the risk in them is considerable right now & one would have to be nimble if this market starts down. Heck I've played that USPIX ( short fund ) in spite of the market going up, and made out by being fast and hedging her off with bets on the QQQ. Where I goofed big time was not counting on that UK gold sale to hit gold so hard, I had bet the other way thinking the shorts were going to get squeezed by surpirse, yuk they turned me into mush. Then I couldn't figure the madness in IBM and started shorting her, yuk again, I should have stayed with betting my QQQ. and going from UOPIX to USPIX and back, I had them just about pegged but got to cocky. Anyway several of the net funds are up 20 to 29% in less than a month. Jim PS the main reason I like to track them is they often lead the indexes both ways.