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

To: Monty Lenard who wrote (221)	3/25/1999 11:48:00 AM
From: James F. Hopkins	Read Replies (4) \| Respond to of 2103

Hi Monty ; I don't know how long or high it will go, I will be watching the top 19, particularly the top 6 in the NDX. The tulips are blooming BUT using a Sort of rule of thumb, a $1 dollar change in these effect the NDX much less than the Top 6. Tulips AMZN .24 YHOO .21 CMGI .11, =( amount of NDX move per dollar move in the stocks ) Index hitters DEll 2.10, MSFT 1.95 WCOM 1.48 ORCL 1.35 INTC 1.30 & CSCO 1.28, those six really move the index, NXTL is .79 SPLS .70 and then it falls off sort of fast. ------------ Looking at Dollar moves are not the same as looking at percentage moves, but they are easy to see and can give a quick heads up. As strong as the tulips are today, ( they have the biggest gains, by far,) but they are not the major reason the NDX is powering up. The volume is still with DELL. I do think it's a little more irrational exuberance at work but the market has shown us how silly it can be plenty of times, so the only thing to do is grab a shirt tail and hang on. This last low was not as low as the two before so it may have some legs. Jim PS the 3 tulips up $8 to 9+ each, combined they add about $5 to the NDX , while MSFT is up only 3-3/16 but taht ADDS over $6 to the NDX by itself.