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


To: James F. Hopkins who wrote (1576)1/3/2000 9:54:00 PM
From: bobby beara  Read Replies (1) | Respond to of 2103
 
James, i believe we have a trap going with too many bag holders leaning in the same direction holding $.

Looks to me the deutschemarke is putting in a major bottom from the 10/98 top and the $USD index has made a failed rally attempt, and we have a significance divergence here with a lower high on the $usd and a higher high on the spx.

we have the most oversold trin in a decade and all the money in the nifties.

thoughts?

b



To: James F. Hopkins who wrote (1576)1/3/2000 11:30:00 PM
From: OX  Read Replies (2) | Respond to of 2103
 
Thanks... I'll be watching to see if the dollar drops to 100 (a sell signal on PNF charts).
I thot the foreigners were already dumping bonds today... it sure looked like it :-)