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

To: William H Huebl who wrote (1383)	10/18/1999 4:48:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

HI Bill; It seems to be holding its own for now but I'm not sure it's up enough to break the down trend, I'd like to see it get back to 98. I was glad to see it held at 97, but I'm still cautious on it and afraid it could slip to 96. You notice how the market can't fight it for very long. I played it safe and flipped my DIA and XLF for a small profit.. ( it was at least better than being short today ) ..while I expected the QQQ to fall some more I couldn't get shares of her to short and the puts had to much premo on them. For the most part other than RTN.a I'm now cash except I bought 1000 shares of PPT today at 6-9/16. I think most of the late rally ( if I can call it that) was shorts taking profits. The plung we had Friday just didn't seem strong enough to call capitulation but it might set up a trading range, and a rally..but if it does I doubt it takes us to new highs until we get a really big spike down. Jim

To: William H Huebl who wrote (1383)	10/19/1999 6:28:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Bill ; The $ don't seem to be able to hold on to any gains she makes..if you can call the dead cat a gain. charts.quotewatch.com I guess I could have held my dia and xlf till mid-day today but it's not worth the risk. ----------------- In reality since JULY a year ago..if you go from high to high apples to apples, this has been the bull market that wasn't. A hand full of stocks held and are holding the indexes up if they give up then people will find out fast just how thin the legs are under this market. Jim