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

To: Magnatizer who wrote (1709)	5/5/2000 9:03:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Mag ; That's an OK url ..about the dollar and market.. the problem is recently IT ($) did did not drop with the market.. so the short term chart would show you no relationship GO back in time to other market LOWS..like OCT 98.. AUG & OCT of 99..keep in mind that the more you go back on a chart like that the less the percentage moves look like as it's not a geometric type chart. The move in the Dollar from the high in the market to the S&P low in OCT of 99 was just about 10%..while the market correctred about 20%..the Big boys got to buy it with Dollars that were 10% cheaper..and all major corrections have been put in that way.. That it didn't happen in April is what is causing me to think that was not a major correction.. And because the dollar is remaining strong is causing me to think Distribution is going on big time..but in a controled way.. The market is being flooded with more stock and more stock from all the IPOs to the Tracking Stock of AT&T to all the nut shares coming off restrition.. -------------- I don't consider the dollar a leading inicator however it is a confirming one.. at least for major lows, and it did not confirm the April low, and taht's the problem and makes me think this rally is a joke.