Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Don S.Boller who wrote (12908)	1/9/1998 4:45:00 PM
From: Spots	Respond to of 94695

Yeah, I remember the hoopla when it went under 1.0 several years back. We seem to have survived, though. Or did we ... ? :)

To: Don S.Boller who wrote (12908)	1/9/1998 5:09:00 PM
From: James F. Hopkins	Respond to of 94695

Don; That .251 is likly correct and not a lot from when I last looked, I just want people to have a clear understanding, that "any" stock in the DOW.."not just IBM" translets into the same move in the index, per one point move of said stock. --------------------------------- So that it's understood, that the tail can wag the DOG.. Thinly traded stocks, or one that moves a point on very little volume..still moves the index just as much as widely held ones that might trade a lot of volume and only moves a point. ------------------- In this respect the Mega caps can creep down for days on heavy volume. While the index can remain UP, or even go up because something like UK has a big point move up, even if that point move is on 1% of the volume ...so the index at times can be supported by one or two risers on little volume ..while all the while the MEGA caps and big volume movers are selling off. Then the moment of reckoning can come all at once, as the little ones that supported the index get hit..and it starts falling like a rock..which in turn triggers program selling based on the index/and/futures to kick in, and you wind up with thoes wild days. The same can happen on the up side. The tail often wags the dog, and a mindless machine kicks in that was programed by some one with a mind set, who has an IQ of about 85 or so..and the market gets wiplash. Jim