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

To: James F. Hopkins who wrote (704)	5/25/1999 1:39:00 PM
From: Les H	Read Replies (1) \| Respond to of 2103

XLP seems to act like a drug index... Thought it was a consumer and a personal care index (such as PG, G, CL, DL, et al) The most correlated industry sector indexes are healthcare-related HCX 906 out of 1000 DRG 884 RXP 864 CMR 846 NYSE 826 As are the correlated stocks PFE 784 ABT 755 GE 695 MRK 689 JNJ 687 SGP 658 MER AHP and so on... The percent of NDX stocks above moving averages so far: 10-day - 21% 21-day - 34% 50-day - 54% 200-day - 74% The late February market low had 35% percent of stocks above 50-day moving average.

To: James F. Hopkins who wrote (704)	5/25/1999 6:38:00 PM
From: James F. Hopkins	Respond to of 2103

OOPs , every thing went into free fall, glad I came off margin early..looks like a lot of margin selling killed the bounce. ----------------- Could even get worse..but I'm still look for a bounce.. Message 9734742 --------------------- however playing a bounce is real risky, not until I see the MID400 (MDY) drop below the S*P 500, (SPY) on a 3 month chart will I consider the market having made it's adjustment. quote.yahoo.com When the MDY crossed the S&P going up while the S&P was falling back about April 14th is when I told anyone who would listen the market was in trouble. It out running the S&P is one thing, but it should Never go up if the S&P is going down its not normal ( called a crossed sword as they are going opposite directions) and indicates a sick market, or one that's about to get sick. The liquidity goes all to hell, and it like a person with very poor blood circulation. The market will recover when you see the S&P500 going up on a shorter term chart as the MDY is going down. Till then playing for bounces is damm hard, and I think I'm about to quit it, and just short the pops. Jim