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: Monty Lenard who wrote (534)	4/25/1999 2:06:00 AM
From: James F. Hopkins	Respond to of 2103

Hi Monty; I saw just what you said some time ago when I was reading the books and hopping from one system to the next, each person has to have one that suits them and one size just won't fit all. At the race track there were always many more losers than winners but the winners all had their own system, people that bought systems were buying them from other losers who not being able to make money betting the dogs found they could work the suckers. ------------------ I have my head/tail and made a small upgrade to it recently, which just amounts to taking a simple count of the A/Ds in each spider and writing them down then watching the rate of change. If the overall A/Ds start going the way the head is going I open a position. I close if either one changes direction very much. I'm most sure very few people if any will understand it enough to try it unless they make up their own portfolios and watch them a while, as it takes a little getting use to. What I think happened is being I keep messing with it I developed a feel for it. Most of my posting is to get some feed back that I can maybe hatch another idea or two from. ------------------ I do want to nail down this qqq but she is a tough one, & I'm gradually seeing the reasons why but she has only been trading since about March 10th and that's not enoung data to say for sure, it almost seems they do front run her some it may not seem a lot at first glance but if your short term trading and they scalp .50 to a $1 each way by front running her you soon come to notice it as that can add up to a 2% move you need in the NDX just to break even on a qqq trade, not counting the spread and the $24 in commissions, it's looking to me that out of a 7% NDX move I would be doing good to capture 5% of taht because of the way the qqq skews ahead of the index, and my timing would have to be perfect to get that 5%, the specialist got this baby in a head lock, which amounts to an average 1% scalp each way you trade her. ------------- I'm still running some things around in my head, but better quit for now before I confuse myself again. Thanx again for that NDX Mc chart, it fits about what I see, a weak buy signal both short term and mid term ( 3 days ) with the ability to reverse taht in a heart beat. Jim