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

To: Compadre who wrote (496)	4/22/1999 7:27:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

Jamie ; I like the XLE fairly good as in time oil will go up, I mean there is more safety to it even if it dips as long as you can hold, I didn't buy back in yesterday but had a bid on it and it didn't come to my price BY 1/8 <G> Today I think it may have went up more than called for so I'm just going to wait. My mid term signals say we have about a 40% chance of doing another dip like Monday, tomorrow or in the next few trading days, 30yr RATES are climbing fairly fast , if they keep going up the market will switch back to bonds. There has been a lot of bond/stock & stock/bond flipping recently, it's why my XMT has been acting strange.. ( IT hit me that THEY switch using short term margin; buying on credit until they sell the other, ( it all happens so fast that they don't even have to pay margin rates ) Ha now I think I understand why the XMT has been out of whack. Like it's going up at the same time the gov TYX rate is going up normally they oppose one another so today as gov 30yr rate went up , I also saw XMT going up and have puzzled over that for the last two weeks, XMT is high grade bonds , but when it goes up normally rates drop , but I don't know who post the effective cooperate high grade rates so I just use the inverse of XMT ...any way IF they are now buying XMT on margin we may get a replay in the stock market as they flip again. ----------------------------- It's like BUY X on credit , then dump Y maybe ? At any rate things change and they keep finding new tricks and XMT has been strange of late. It use to lead the market a tad, now it's trailing.. OVER a longer time frame you will see they do track one another fairly good. Jim