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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Math Junkie who wrote (10593)10/26/2000 6:46:49 AM
From: Boca_PETE  Read Replies (1) | Respond to of 42834
 
Richard Palm - Did you notice how similar the current pattern is to the April-Early May pattern ? Does that imply the late May pattern will probably follow ?

P



To: Math Junkie who wrote (10593)10/26/2000 3:35:44 PM
From: Mr. BSL  Read Replies (1) | Respond to of 42834
 
Richard, nice charts. Mid-caps - Big caps had been leading the way for an unusually long time. The A/D line turned down in May 1998 and the big caps kept chugging ahead (narrowing of the leadership). At the beginning of this year, mid caps and smaller caps started to dominate the new high lists. The PE ratios on the big caps stayed stubbornly high. The A/D line started to turn back up earlier this year. The MDY chart was looking healthy and the big cap leader charts and index charts were looking really extended. That's why I opted for the smaller stuff FWIW. NAS - QQQ. They tend to follow each.
I would follow mid cap and small cap stocks that are making new highs and have low PEG ratios. Say, next years growth higher than PE, based on next years projected earnings.

Good luck. Dick