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To: yard_man who wrote (199364)	10/22/2002 5:08:23 PM
From: James F. Hopkins	Respond to of 436258

It worked; -) Here is 4 Head/Tail charts of the Dow. The First 2 will be 3 months the Second 2 will be 5 days. 3 mo Head 5 up 2 down 4 even 3mo Tail 4 up to 7 down ;; 3 mo Not too bad as more money going into most liguid. finance.yahoo.com -------- finance.yahoo.com ---------- Now for the 5day Almost a reversal..Head 4 up ; 7 down; Tail 5 up 3 even 3 down; Short term the tail ( less liquid ) is trying hard to hold the Dow up.. as Money is easing out of the most liquid. finance.yahoo.com -------- Tail finance.yahoo.com ------------ Short term I'll wait for the head to bottom and or start back up.. other wise I stay hedged with a few poots. ------- In a bull market the Tail can out run the head.. but at least you'l find most all of them moving up. Rotation is not a good sign. In a bull market most every one is happy with what they got. --------- Another thing if a bull maket starts then "dead cat bounces" pay off good when a stock gets killed. But there are no or very few dead cat bounces in a bear. Look over the last week and find stocks that got slamed really hard, 20% or more ( did they give a money making bounce in a day or 2 or 3 ? ) if most didn't we still have a bear. DCBs only work in good markets. The early sign of a Bear if you watch it is when the DCBs which were working stop being a good play. ------- I learned that DCB thingy the HARD ( & expensive ) way. ------ Jim