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

To: Daflye who wrote (486)	4/22/1999 11:45:00 AM
From: James F. Hopkins	Read Replies (2) \| Respond to of 2103

WE see the same thing , and if that 5.7-5.75 is reached then I expect down side in the stock market to exceed that of early this week. As long as rates climb I'm holding my XLB short and not going long anything. Today so far XLB has 33down/21up and 2 unchanged. Jim

To: Daflye who wrote (486)	4/22/1999 1:28:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Well in spite of the rate easing up the market is showing some short term strength, ( mid term weakness due to rates ) longer term mixed But I'll go out on a limb and say the future does hold a fair correction ( S&P to dip to 1250 or lower ) but that may take a while. In face of the short term strength I took profits closed my XLB short and I'm just about all cash. Over all I hate shorting but for the time being I'll be faster to short than to go long. ( to much risk on the long side ). Jim