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

To: OX who wrote (1250)	9/29/1999 8:33:00 PM
From: Matthew L. Jones	Read Replies (1) \| Respond to of 2103

I'm thinking real seriously about day trading or swing trading the HHH. It's only about 2 weeks old, but it has a real tradable movement. Very smooth. Ideal for 2-3 hour to 2-3 day swings depending on overall market conditions. The spread seems a little wide right now but having not traded it, I don't know how much of the spread can routinely be beat using limit orders and waiting on the specialist. Probably best to use market orders when exiting anyway, so if you could beat the spread on the way in by buying into the last fading momentum of a sell-off (or sell into the last of a blow-off) you could limit your slippage to 1/4 to 3/8. With that kind of slippage you would need to trade for longer swings-- it would be impossible to grind a stock like that. Maybe if you will start buying a lot, the spread will narrow <ggg>. Matt