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

To: Dnorman who wrote (1785)	9/22/2000 3:28:57 PM
From: Les H	Respond to of 2103

I think that +3 is due to the after-hours close last night of the QQQ. Otherwise, they've been tracking since the open.

To: Dnorman who wrote (1785)	9/22/2000 11:21:51 PM
From: James F. Hopkins	Respond to of 2103

EDIT at the bottom; The difference is that the QQQ was hit with a panic sell after hours last night..So today it bounced back strong while the NDX was in effect anchored to yesterdays close ------------- The move on the QQQ was while the market ( or at least the figures for the NDX index was frozen ) but if you noticed today it did stay very close to 1/40 of the index once the index was moving. It's just a matter of where the tapes closed out the index actually if the index could have run during the panic selling last night and early this morning it would have dropped down like the QQQ and then also showed a gain for today, it's an arbitrary matter of when one is called open in respect to the other one..but rule of thumb is if you can track the stocks, hence the index after hours is to divide the index by 40 to get the QQQ, most money managers can do this and the QQQ didn't get off very far, it just looked that way. Tonight she closed at a slight premium, fair value would be 92.5295, so some one thinks we are going up on the open I haven't checked after hrs tonight so far as I've been busy..so I don't know at this time if we will head on up on the open , it's very likely we will. BUT we must follow through most of the day, and that could be tough..the indexes covered up a lot of lost money today as they are rigged to make the market look better than it is..the huge volume in INTC with it's 20% down side made a lot of dollars disappear into money heaven.. It's just GONE with the wind. & No body got it.. over 300,000,000 X $14 dollars just vanished just with intels sell off..I mean VANISHED..thats the under belly of this market. that's not right either intc traded 10 times her normal volume, BUT 300,000,000 shares is just about 1% of her float..so 99% of the shares that didn't get sold lost over 20% of their value.. something like over 70 Billion in market cap vanished just with intel, it will take a lot of inflows from When a bellweather takes a huge hit, a lot of portfollios just drop in an instant..that big of hit is a mighty bad sign being it's on "one" of the largest held stocks in the market.. funds to put that much back in The Market is really just an sophisticated ponzi scam, but it's not in the self interest of the brokers, or the SEC or even the so called news media to point taht out. Jim

To: Dnorman who wrote (1785)	9/23/2000 12:08:33 AM
From: James F. Hopkins	Respond to of 2103

Dennis, what gets me is yesterday INTC was a lot bigger than MSFT..now it's smaller by over 70 Billion Dollars, that's more money than the mutual funds can put in the market in two months.. Intc was the 3rd largest market cap going.. now she is 4th..look out if GE or CSCO or MSFT start going south..damm what the indexes say if any of them 3 take much of a hit from here we are in deep shit. ------------------ As they effect more portfolios than a ton of the lesser stocks, ( it's in the float ), indexes are not based on a stocks "float" but the amount of people effected are tied to the "float" Jim Let me put it this way, a 20% drop in intel effected more people, and was as hard if not harder on more portfolios as a 60% drop in ORCL would be.

To: Dnorman who wrote (1785)	9/23/2000 12:46:04 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

I See the anomaly in the ndx to QQQ.. the NDX showed it's last trade at 5:15 pm yesterday. 3718.15 and at that same time the QQQ was above 92.50..BUT the QQQ showed trades until 6:10pm ( maybe later but that's all I captured ) any way by 6:10 the QQQ had fell to 88.. --------------- Today they started the NDX from that earlier 3718.15 but the QQQ from a late close of 87 3/4 .. in reality it stayed very close to 1/40th, the NDX index was just frozen "but the stocks weren't" Jim