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


To: Les H who wrote (1162)8/27/1999 8:58:00 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 2103
 
Hi Les: I noticed about the same, and the ones I put into my DVI
seem to signal upturns better than down turns. My guess is because
they are popular and seem to outdo the index over time and give
up less on down turns. The key seems to be in their volume, the
change in their volume is more noticeable than if I'm looking at
the broad market.
My problem is at times I try to out guess my own DVI instead of
waiting for it to tell me. I anticipated the profit taking 2
days early so I went in the USPIX to soon and had to hedge it
off , now I'm both long and short and sort of kicking my butt
for jumping the gun.
If I am going to use the DVI to give me early signals and I try
to out guess it then I'm defeating my own indicator. I've done
this twice and both times I had to hedge off , hence I missed the
move and by the time I unwind with the extra expense I'm back at
square one waiting on the next move and it makes me feel silly.
I do all this work to track the dollars traded & then I try to
guess on a reversal before I see it..that's no good.
Jim