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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Challo Jeregy who wrote (32558)10/11/2000 3:00:16 PM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Challo,

I dont like the way the S&P is reacting to the rally. It is actually leading to the downside in relative terms. Using the conversion factor of 7.6:1 to compare the DOW to the SPX, the SPX is down about 125 DOW points when the DOW was only down 90. Normally the SPX moves in the middle of the DOW and NAZ.

This rally is not starting off great, so I will hold to my position of a modest rally. Of course the SPX could move more in line soon, then I will re-examine.

I was talking about the UOPIX(long-NDX)