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Strategies & Market Trends : Waiting for the big Kahuna
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To: James F. Hopkins who wrote (12009)12/20/1997 11:55:00 PM
From: William H Huebl  Read Replies (3) of 94695
 
Jim,

I understand what you are saying... and it is easy enough to make your own index like that.

But I got around the problem this morning by incorporating the DOW, VGY, NAZ, A/D and the % stocks over 40 and 200 day MAs.

And I DO use GE as a surrogate for the markets... in fact, last Feb I emailed a bunch of people some charts showing that from a historical perspective, GE over and over again went back to a base rate... if that were to happen now, I expect the price would be somewhere around 15.

Gulp,

Bill
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