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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (39618)4/20/1999 1:02:00 AM
From: James F. Hopkins  Read Replies (2) of 94695
 
Bobby; Good..and that fits with my old Head/tail of the DOW,
Here are the BIG CAPS in the DOW ( 8 of them any way,) and note only
XON is above the DJIA line..all the rest are below it, so the
HEAD is down, or the DJIA is standing on its tail, when you think
about the fact that the first 10 have 4 TIMES the money in them
than the bottom 20 , you can see that if the head dips , in time
the tail must come down ( the index will adjust to a mean point
between the BIG CAPS in time..) zipping above and below it..
but it's over bought right now for the amount of liquid in it.
quicken.com
And due a small correction.
Jim
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