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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (13777)	11/30/2000 5:54:47 PM
From: James F. Hopkins	Respond to of 18931

Tom; Primarily my QQQ , UOPIX parlay is based on capturing a UOPIX price that I'm happy with at ( interday NDX ).. I'm not always right as the NDX may move right on down till the close..but taht doesn't happen on hard down days as often as an end of day rally. Like today. So the odds favor getting the end of day rally ( which makes for less shares of UOPIX..so going long qqq and ordering the same $ UOPIX at the same time is my buy in style, then I sell the QQQ just before the close. If I'm wrong and lose money on the QQQ trade I still get more of UOPIX so it's a wash in respect to the price I determined I would be happy with and it's not good to play the should've could've game I played the odds , and over time those odds will pay off. The same with an exit , if I think the NDX has made it's hi for the day and I want to sell some UOPIX I short the QQQ and then buy to close at end of day. All this lets me do is more or less "pick" an interday UOPIX NAV via a proxy. It cost an extra $24 But being I do all my buys and sells on days that are moving very fast it pays off. -------------- I had my bid set today for QQQ at 60-1/4 , they didn't give me any by 2:30 !!! So I didn't go in the UOPIX ( I did bid some CPQ at 18.75 and got it ) BTW we can order the UOPIX via phone up till 3 EST. --------------- My secondary style is to buy and hold some QQQ ... for a short term "flip" if it goes against me I swap THE $ for UOPIX ( that sort of lets me double down with the same dollars ) however as my flip went wrong and I had to double down via the UOPIX I get more careful as things didn't do what I thought, so when the bounce comes to where an interday UOPIX will let me out above even I lock it off with a short and make an exit, and then re-look at every thing. Last week was such a case I got in the UOPIX at a good price but the damm rally didn't even hold for two days so I jumped ship. ----------- I would love to see this market make a bottom so I would feel better to hold and or add to some UOPIX.. But as long as it keeps trending down I'll keep doing my dance, one of these days I'll catch the bottom or close to it; thing is you never know ahead where taht will be & only by hindsight can we see it. Jim