Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Spots who wrote (12791)	1/8/1998 10:01:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

Spots; No I have not got around to comparing them but I have saved daily data and guess I could go back and look. Are you telling me the S&P is weighted with more shares alocated to the larger caps? I have not investigated for myself, but read something about it being weighted just by the issues in it, can't remember were now. THe DOW showed real weakness today, both on the surface and inside. But it still has not lost all the hidden resilience built up, however if it don't turn up tomorrow it might. Both oil and banks are still a little over bought, and it seems the Funds are catching onto that, and are trying to pull some profits out in an orderly way. Man I missed the run up on the air lines, don't know were my head was, cheap fuel should have dawned on me. I may scan for trucking companies , and see what they are doing. Cheap fuel is going to help them too. Jim

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