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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Don S.Boller who wrote (11859)	12/18/1997 8:33:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Hi DOn; Thank you, I'm just trying to inform people that in looking at indexes you don't allways get what you see..A Mega Cap only raid don't take the index down so fast to trigger many program trading curbs, they know that..and can pull huge sums of money out of the Mega caps with what looks like a small change in price, MEGA being over 100B cap they got hit today , the 50b to 100b only suffered minor damage..the under 50b that are not in the DOW 30 got hit hard too..the paddy wagon seems to come last to haul in the middel of thoes ( the 50 to 100b.).thats when people and the news media go O O O look at the DOW fall... because it's now showing the real drop , as it's in the way it's weighted, by price not market cap, the the movers and shakers can pull a slight of hand before the puplic catches on..The MEGAs also lead the way up..this last up was lower than the previous up..hence no real rally, and the small caps have been creamed. We are definatly in a down trend since August, so far it's been kinda orderly except for that OCT 27 dip, but I have my doubts it will stay that way if we slide on towards it again. I'l revise this IF we can crawl back to the DEC 5th number..other wise it's down down down..a little at a time, untill panic hits. Jim