Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: James F. Hopkins who wrote (299)	4/7/1999 8:17:00 PM
From: Compadre	Respond to of 2103

Jim: I Don't think people are ready to sit on their old computers, not just yet. The fact is that the internet is going to get more sophisticated soon when the bandwith increases. Right now most of us are working with 56k baud modems, and the business may have a T1 line. If you have used a T1 line before I am sure that you would consider these latest and greatest 56k's lame. People will want to watch their news on line, anytime they want, and not be waiting for the 10 pm news. They will want to be able to store the useful information that they find. Then they will manipulate it to put the in a useful form. I know that if I had a cheap alternative to a T1 line I would jump on it without a second thought. And with that may be video and audio would be much better quality. Then I would need the latest and the greatest computer to do this stuff. So to sum this up I believe the internet is still in it's infancy. And it will take a few more years for it to mature. During this time we will all have to fork out the bucks for the upgrades. That is just my opinion. <BWDIK> Regards, Jaime

To: James F. Hopkins who wrote (299)	4/8/1999 1:38:00 AM
From: Smooth Drive	Read Replies (4) \| Respond to of 2103

Hello Jim, I think the QQQ is one of the greatest things to come along in a long time. Had it been trading back on 10/98 when it gave a double top buy signal -- well, big money was there. I'll keep you updated with a point and figure QQQ chart and the QQQ Bullish Percent as things develop. QQQ CHART 114 112 X 110 4 108 X 106 X X X 104 X X O X O X 102 X O X O X X X O X 100 X X O X 2 X O X O X O X 99 X O X O X O X O X O X O X 98 X O X O X O X O X O X O X + < 2nd BLRL 97 X O X O O O X O X O + 96 X O X * O X O X * 95 X O X * O X 3 X * < BRSL 94 X O X * O O 93 1 O X * + 92 X O * 91 X + * 90 X + * 89 X + * 88 X + * 87 X + * < BRSL 86 X + 85 X + < 1st BLRL 84 X X + 83 X O X + 82 X X O X + 81 X X O X O + 80 X O X O X + 79 X O X O + 78 X O X + 77 X C + 76 X + 75 X + 74 X + + < BLSL 73 X + + 72 X + + 71 B + + 70 X + + 69 O X + + 68 O X + + 67 A X + 66 O + X + 65 O + X + 64 O + X + 63 O + X + 62 O X X X + 61 O X O X O X + 60 O X O X O X + 59 O O X O + 58 O X + 57 O X + 56 O X + 55 O X + 54 O + 53 + BulLish Support Line (BLSL); BulLish Resistance Line (BLRL); BeaRish Support Line (BRSP) and BeaRish Resistance Line (BRRL). This chart was P&F trading range bound since January but is now in a very strong chart pattern. In addition to the big time spread triple top breakout at 108, it also signaled a catapult because of the triple top buy signal at 104 and then a double top buy signal at 108. Notice too the recent rising bottom. There is no previous horizontal resistance at this stage. The third BLRL (not shown) that was created off the bottom is at 108 and was penetrated on the 31st. Now -- all that said, whenever I see a chart (stock or index) reaching its third BLRL I become very cautious. It's amazing how the BLRL acts much like a BB the way things bounce off them. This chart is long term bullish (trading above its BLSL) and short term bullish (on a double top buy signal that occurred at 104). Its bullish price objective is 118. QQQ BULLISH PERCNET CHART 100% 98 96 94 92 90 88 86 85 84 82 80 78 76 4 74 X 72 X 70 </Pre> I just recently started keeping this chart and as you can see there is not much of a pattern yet. However, of the 100 stocks that make up the QQQ, 76 of them are on a point and figure chart buy signal. Whenever a bullish percent chart reaches 70% or higher it's considered to be overbought. We get very cautious at these levels. Take care, Eric