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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 (661)	5/13/1999 9:13:00 AM
From: James F. Hopkins	Respond to of 2103

Jaime; I agree with the short term bullishness, and it will try for a new high, maybe even make it, but I'm saying at that point it will also meet strong resistance. A lot will depend on interest rates if it can get past the resistance, unless they come down it will likely fail. We have liquid in the cash flow, the thing I'm pointing at was MSFT , CSCO, wcom being below the index, well csco came up to it yesterday, now if msft and wcom can come up to it then it's got a good chance. ------------------------------ When the smaller stocks have the index above the bigger stocks the index is more volatile and can move up/down faster , that has to do with the float, lots of people play small float stocks just to get the fast pop, at market highs that's almost a sure plan for getting hit in the head with a 2x4. As for the index being above the big float stocks it's good in a way for short term traders but not good for longer term ones. While it can shoot up on those smaller cap stocks It makes it more risky of being a blow off top, msft and wcom need to come up to the index to take the extra risk out of the QQQ. mostly msft. quicken.excite.com Jim