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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 (1040)	8/7/1999 2:34:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Chart; It looks as if we are at a critical juncture , and more than anything else things now hang on the value of the dollar. If the dollar breaks support a massive and dramatic sell off will happen, & the buying will come when the dollar stops falling. If the dollar holds support & starts up then short covering will help send the stocks back up. This is out of the hands of those who just buy or sell stocks the power is now in the hands of the Big forex traders who have their own inner loop and in collusion parlay their plays with currency trades against bonds & stocks. Will they go for blood and risk ending the bull market by taking the market down another 10%, they have the power..but if they use it like they did last year will this second event then bring an end the enthusiasm for stocks. In one swoop they can turn the market on a dime at this point but at some point if they kill off the small investor too much then all they can do is watch as even their assets start to become more and more worthless. It takes buyers to keep the market floating, without more buyers than sellers it sinks of it's own over head. Jim