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

To: Terry Whitman who wrote (46645)	8/15/2003 9:11:09 AM
From: James F. Hopkins	Read Replies (2) \| Respond to of 52237

I Looked at u'r heads, I use to do a "heads, tails" of the dow ..Big cap, vs Small cap..to see what kind of legs the dow had , but I haven't kept it up. I noticed my ETF chart ( with FEF as the highest beta ) is showing indication of a top early in July, while we could turn back up..the short term trend is down. siliconinvestor.com How ever during this correction I see a rotation into the larger cap ( more liquid ) stocks which is good for down the road, as most of the run up was due to thinner traded stocks goin up fast. ----- At any rate I normaly don't get into bullish/bearish mode until I see All my indicator groups moving up or down, I sit out most rotation plays as if things don't work out corrections can happen fairly fast. ---- I did see the over sold condition last Fri..and made a long bet going into the close Fri which I closed late Tue. It looks like a lot of knee jerking going on in the futures this morning.. up/down up/down mostly as a reaction to the power outage late yesterday.. ----- For the time being we are a little over sold, but with the short term trend down taht could get worse.. Rotation into more liquid stocks says we are trying to rally.. but conformation either way is not in yet. MY HIBETA and MY small BETA both need to move the same way for conformation. ---- I have the SI ports just for referance..I don't use them to trade as they don't update fast enough. I have the same stuff on my Level II and Streaming Real Time which I watch when I'm in a trading mode. ------ From years at the race tracks, I tell everyone you can't bet every race and win over the long term..only bet the race when the crowd leaves you good odds on your best picks. Jim