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To: donald sew who wrote (31742)10/2/2000 4:33:13 PM
From: PMG  Read Replies (1) | Respond to of 42787
 
idea: if the SR is real, then it might be as money absorbing as an individual trading like this: Nasd seem to rally, you jump in, rally fails, sell with a slight loss. In the meantime DOW has bottomed, you jump in again, rally fails, you sell with a slight loss and re-enter Nasd.

Why are there probably always small losses? Because 90% stay in till it fails and are always a little late...

Can you try this in your charting software?

If NDX%change + DJIA%change is much lower than
ABS(NDX%change + DJIA%change) then we have sector rotation.

In times of sector rotation DJIA and NDX highs/lows should complement each other...

Not very spectacular but maybe it brings you to some other ideas...
Regards
PMG



To: donald sew who wrote (31742)10/2/2000 4:47:49 PM
From: Stephen  Read Replies (1) | Respond to of 42787
 
Don,
"What I have noticed often is that there is too much focus on what the NAZ does. As bad as the NAZ/NDX was the overall market was basicly flat to slightly down when one looks at the 3 major indices(DOW/SPX/NAZ) from an averaging perspective."

Given the numbers and their percentage effect on the relative index, I couldn't figure out how you arrived at this statement ?. Sorry if I'm being slow/dumb.

TIA & best regards

Stephen