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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 (635)	5/11/1999 3:50:00 PM
From: James F. Hopkins	Respond to of 2103

No Problem, but it may be breaking down too. Lots of negative tick today from 10Am on with the indexes going up, sure sign that the market makers and specialist were shorting. The QQQ has never yet failed to fill a gap, of course she has a short history. If they decide to go bullish tomorrow like I said I just flip to long with the QQQ twice or more of what I put in the short fund, and let it be a wash. ---------------- These funds are not what they are cracked up to be, as they get to you by looking at the cash flow, every one and his brother seemed to jump short about 2pm , but I wish she would do a last min rally to help out my fund position. Any dip tomorrow below the close today and I can lock in a profit no matter how much she want's to rally. And so my bet is that at some point tomorrow she will dip below today's close. If she don't then I have to eat a few dollars. Jim Ps do u got the picture, I'll be selling on the close via the short fund, it matters not if the fund goes down for the day tomorrow as long as I buy the qqq 2x times what I put in the fund at a cheaper price than todays close. Unless she fills that gap before the close she will damm sure dip if not tommorrow then the next day. I see her kicking up some now, with a little luck she should close 108 or better. PS in a PM to Monty I called the 109 top real early today. To: Monty Lenard (who wrote...) From: James F. Hopkins Tuesday, May 11 1999 11:06AM ET she only dipped to 7-1/2 she looks to be pushing up maybe 109 today