Alternate version

Dear all, I want to provide an external alternate resource for my web
community. Is it possible?
I'll try to explain better.
My community http://www.qmpeople.com/ has a translated version
http://www.qmpeople.fr/
Two questions:

- can I write:
 <link rel="alternate" hreflang="fr" type="text/html" href="
http://www.qmpeople.fr/"> ?

- can I write:
 <link rel="alternate" hreflang="fr" type="text/html" href="
http://fr.qmpeople.com/">
 with a 301 redirect from http://fr.qmpeople.com to http://www.qmpeople.fr ?

By reading http://www.w3.org/TR/html401/struct/links.html#h-12.3.3 it seems
that both these two tecniques are not explicitly disallowed.
Thank you
Roberto