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

To: donald sew who wrote (1885)	1/13/2001 4:32:26 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Not really my stocks, ( I have very few ) I flip the QQQ and the UOPIX like you. I'm just using the Mo Mo paper portfolio to check the action.. in fact I just set that new one up. It weights stocks by 3 month volume X price in other words by the dollars they trade, when compared to the index I check the percentage spread between them and the index ( it's taht spread that becomes the short term leading indicator ) like 3.07pm NDX 17.55% ; mo mo 25.34% = 7.79% spread ( was a sell signal as last spread was 8.65 ) 3.31 NDX 17.91% mo mo 25.99 = 8.08% spread ( buy signal spread better ) 3.41 NDX 18.04% mo mo 26.96 = 8.92 % spread ( better hold position ) 3.55 NDX 17.69 % mo mo 25.74 - = 8.05 % spread ( sell spread going down. ) ------------------------ The above is not what I always see as that was just the tail end of Friday.. At times I get a better NDX & Better Mo Mo but the "spread" is down from the last spread so it's a sell. (those are the best ) I may get a lower NDX % and Lower Mo Mo % but the spread is better so it's a buy. In other words the "spread" is very relative , always compared to the last several spreads and can go opposite the index & the stocks.... ( divergence ) when it happens makes for the best trades. ---------------------------- Friday I flipped the QQQ in/out for 17 trades and ended short 8 buys 8 sells and 1 short. ( one set was a mess up and I lost on it ) the end of day flips were real short and not even worth the trouble as are a lot of trades with the spread and 9.97 comish many trades just break even but it seem that If I don't swing I'm not in position when it does move ( my indicator don't say how long or much the next move will go ) just that's a reversal is about to happen..and I never know if the reverse will be a big one until after it gets some momentum going. Out of the 8 swings only two paid off worth a crap. ------------------------- I wasn't trading this much before and I'm not sure I will continue it as it's very intensive ... I Just had to try out the new Waterhouse system it's much faster than the old one.. -------------------- I wish my system wasn't so short term & better at position trading but it's not, how ever it does real good at not getting or letting you stay on the wrong side.. of even short term trends. ------------------------- While thoes are not my stocks , since Jan 2nd ( when I priced them ) I'm up better than they are !!! <VBG> Better yet I've converted most of the gains to cash ... Some of that was pure balls ( and luck ) as I bought like a dog on the low of the 2nd and earlry on the 3rd with out any idea Spam would pull a fast one. --------------------- My hat is off to you because without a doubt your better than me at position trading. I didn't do near as good on the UOPIX as I could have but made up a lot of that flipping and on two other penny stocks I happen to have in my IRA PSIX is up 4x , EELN 3X They don't let me day trade the IRA ( beyond my setteled cash ) so I stick a few stocks in it. Like if I spend all the cash in the IRA while I can sell the stock the same day , I have to wait for it to settel before I can use the money again ( they will do it via phone but that's no good for flipping ) shit I can trade my entire regular account as fast & as many times a day as I can make sells to keep my buying power up. ---------------- Last the Mo Mo is weighted ( not by market cap ) but by dollars traded ...I'm starting to adjust it now every weekend what I think it's doing ( the spread ) is looking at the money flow of the collective day traders on the most dollar traded stocks. Don't think for a minute that the day traders don't move the market , I use to think they couldn't but they sure can ( short term ). I've cut my spread down to about a 0.2 % trigger but I may ease up my flipping until I catch it on a divergence. Jim