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To: timers who wrote (55779)1/9/2001 1:11:29 PM
From: KeepItSimple  Read Replies (1) of 436258
 
Has anyone noticed that the favorite mo-mo stocks correlate EXACTLY with the dow/naz averages?

This can be explained by two methods:

1) Daytraders are watching CNBC and get excited when a shift in the dow/naz averages makes them more likely to buy/sell those stocks

2) Computer programs based on the averages are doing the buying/selling for them.

There is simply no way to explain why BRCM/insert momo stock here/etc would start going up whenever the naz average bounces, even if only for a minute, and why those same stocks would go down instantly whenever the averages go lower.

I'm not talking about a daily correlation, I'm talking about a 30 second to 1 minute correlation.
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