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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (7864)	8/18/1999 1:17:00 PM
From: Math Junkie	Read Replies (1) \| Respond to of 15132

<<Mr. Brinker said something about the DOW being important this weekend, but I didn't listen carefully or hear much of the show so I don't know why he NOW thinks it important.>> He said that if the Dow returned to the area of the previous highs (within 1% or so) without the S&P and the NASDAQ doing likewise, then that would be a negative factor for the continued health of the bull market. I believe that is the importance of the Dow that people are referring to. Actually, it is the S&P and the NASDAQ which are important, because it is their failure to confirm that is at issue.

To: Kirk © who wrote (7864)	8/18/1999 4:31:00 PM
From: marc ultra	Read Replies (2) \| Respond to of 15132

Kirk, I believe the idea of the Dow now being important here is it is skewed toward cyclical stocks like paper, chemicals etc. Relative stength in cyclicals is what is often seen at the end of bull markets. Thus if we see the Dow essentially making or testing new highs and the growth stocks that have created the bull like technology, pharmaceuticals etc. are all rolling over so the S&P and NAZ don't join the Dow in reaching the highs that is a bad prognostic sign that needs to be considered in determining the staying power of the bull. Marc