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

To: Kirk © who wrote (7881)	8/19/1999 11:43:00 AM
From: Hank Stamper	Read Replies (1) \| Respond to of 15132

Kirk wrote: "Sorry, but I remain unconvinced. The DOW is just 30 stocks." Yes the DJIA is just 30 issues. However as marc wrote, many of the issues are cyclicals that typically do better in the final stages of a bull market. Furthermore, many of the DJIA 30 tend also to be considered as "safe" stocks--other issues get sold before the "safe" stocks. Historically, the kind of divergence marc described marks (no pun intended) the market top. This may not be the top--perhaps we've got several more weeks or a renewed leg upward--but one cannot argue with the fact that divergence has historically marked the topping process. Ciao, David Todtman