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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Sun Tzu who wrote (7616)3/5/1999 6:01:00 PM
From: Les H  Read Replies (1) of 99985
 
You're correct.

More products are being developed to provide indexing, leaving those outside the indexes in the dustbin...

S&P Index Mutual Funds
Depository Receipts for S&P, DJIA, and next the Nasdaq-100
Leveraged Mutual Funds for S&P Index and Nasdaq-100 Index
Depository Receipts for S&P Market Sectors
Leveraged Mutual Funds for S&P Market Sectors
Focus Funds that hold 15-20 stocks: ex. Janus 20, Strong 20, Berger Select, Legg Mason Focus, etc.
Diversified Focus Funds that hold 50-100 stocks: Strong 100, Fidelity 50, etc

...

Outside of the products arena is the Internet electronic day traders which concentrate on a handful of stocks for momentum trading.
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