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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: westpacific who wrote (61817)5/4/2002 8:35:40 PM
From: westpacific  Read Replies (1) | Respond to of 99280
 
The Consumer Index, 3 methods failure Friday, failed for first time off September lows last Tuesday below VMA.

This index contains the consumer staples, very bearish indicator if this is now in a downtrend!

FYI, KO (Coke)- PE of 36 and BUD (beer)- PE of 27 and G (Gillete) PE of 40 JNJ PE of 33 are in this index and in hypebolic blowoffs. KO and JNJ being a DOW component.