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

To: Matthew L. Jones who wrote (1271)	10/7/1999 11:31:00 AM
From: OX	Read Replies (2) \| Respond to of 2103

I don't use hourly charts. On dailys, I guess it depends on what settings you use on indicators. I normally use 5,3 on slow stochastics and QQQ just entered OB region. MACD looks good. RSI(14) is up to about 65. PnF will signal a double top buy at 128: 3rd in a series of buys. 128 however is the top of 1 std dev band on a 10wk trading band (10wk band courtesy of DWA). I'm not one to buy at the top of regions, so I'll wait for some pullback and hope it comes.

To: Matthew L. Jones who wrote (1271)	10/7/1999 4:15:00 PM
From: stockycd	Respond to of 2103

Matt, Just as sure as I say this, the opposite will happen but FWIW...The Nasdaq 100 looks to be just warming up for sure. I have been estimating and trading with Andrews pitchforks for a couple of months now. Per my daily chart we have broken in to nice open waters. Notice today that we essentially broke the previous top and pulled back. My target before a major reversal in the NDX (QQQ*20) is about 2700ish. Me may pull back slightly but support of 2500 or so is very strong. BTW, tonight will be the first time I've held overnight long in a very long time<g>. Good luck... Chris