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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (1351)	11/22/1999 12:34:00 PM
From: John Pitera	Read Replies (2) \| Respond to of 11513

I had not used 6/15 as a starting point for a nasd daily fork, I had been playing around with the may 25thish low, instead. I'll check that out. Wonder what will ahppen? you sound like you have a pretty good idea -g- check out wild Joe G's musings, as peprinted in the Barron's mkt watch area this week.: The Granville Market Letter P.O. Drawer 413006, Kansas City, Mo. 64141 NOVEMBER 4 ~ On the stock substitutions which were put into effect on November 1: I think this was an obvious move on the part of The Wall Street Journal editors to keep the market up, and here is great historical precedent that later on the effort will backfire. On July 18, 1930, no fewer than seven Dow Industrial stocks were replaced, which proved to be a flagrant case of stock distribution which failed. The March 1997 substitutions took place in a bull market and occurred in a stock accumulation phase. These substitutions are seen to be taking place in a bear market. John