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

To: Les H who wrote (454)	4/20/1999 7:44:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Thanks Les, Here again the numbers do look good, but how much of that is in the bottom end is the question. The OEX is better weighted ( but not really like the Nifty Fifty ) ---------------- Just looking at the Yahoo charts on the Nfty50 for yesterday. I'm sure it improved some today but yesterday I had only 21 above the 50 DMA , but 44 above the 200. lets see thats 42% above 50 and 88 % above 200 -------------------- to 64.1% 50; and 68.4 200. ------------------------------ The SPY never droped below her 50 DMA, BUT both the XLP & the XLK are still below it, in as much as they are lrg cap and about 50% of the total S&P cap , it's the smaller ones ( tail ) holding up the S&P..it's just not as broad a market as it looks, quote.yahoo.com It's mostly the XLP that's got this thing bent down so bad, yet that xlp is the caps with an average of 30B ; xlk is next avg 28.2 B them are the BIG money..so XLP really needs to rally before I get very bullish, them others can sell off in a heart beat. XLI is 25% GE <G> and we got that darn ^XMT dropping .. XLB is caps avg of 5.5B I'll wait before I bite. Jim