Bill; Just looked at MEGA/TAIL for the day, MEGA10 up .06%
the TAIL20 up 1.85% , that's why I think she is running outa
steam. GE flat..xon off t off pg off jnj off, only thing really
holding the head up is MRK. It's not negitive yet, but if the
MEGA10 start sliding down, while just the tail holds her up,
well that's what happened prior to OCT27. It's not there yet
and could take more time, if it happens at all..but it's
shaping up to go in that mood.
Big tech gave the S&P it's big push today, and may continue to
do so. But if the MEGA10 goes in a down slide, and the tail20
just sort of hang the index up..then the DOW bug drops, and
fast, with so many eyes glued to the DOW..when she makes
a big drop every one gets panic, they start selling in fear,
it's odd how this 30 stocks has so much influence on how
people see the market, that it drags the others with it,
She not negitive, I don't know why I might have thought
she was, and jumped on shorting spy when I saw the tick go
down for a bit, but I jumped to soon.
But .06% gain by the big boys, and 1.85% by the small ones
causing the dow to go up, is not a strong positive vote,
it's positive ok, just weaker now each day. But I should
have seen that and not have gone short this early that was stupid.
Hell GE or xon could take back off in heart beat.
Jim
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