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

To: Joan Osland Graffius who wrote (13183)	1/14/1998 3:15:00 PM
From: James F. Hopkins	Respond to of 94695

Joan; The Mega caps set the tone, and tip off what the funds are doing, the smaller ones in time correct to follow the MEGAs, So I single out MEGAs..and compare them with the overall market, or sector they are in. If the market is still going up but the Mega caps down, or the other way around, it's time to make a bet. It's like looking for the +/- between them the more the gap the more the turn, and the better your odds. In a dormat sector after the Mega caps move up the little ones start making gains, often more percentage wise, and the % will move beyond the mega cap gains, or losses ( both ways ). Like at the race track, picking winners most people could learn with time, but picking and finding odds was what seperated the pro from the good handicapper. The pro at a track often passes up 70% of the races waiting for the odds. While some darn good handicappers who have to bet every race slowly go broke. The stock market is just as much para-mutual betting as the race track is. Investments are just speculation that didn't go as good or as fast as the gambler wanted them too. :-) Jim

To: Joan Osland Graffius who wrote (13183)	1/14/1998 7:17:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Joan; RE> The TECH index; I've changed it around, it's still cap weighted, but not at the weights the NAZ had put on them, and I'v included 3 more to bring it to 10, as of 01/14/98 Now stands CPQ 44 ; CSCO 57 ; DELL 29; HWP 65 ; IBM 100; INTC 123 ; MSFT 158 ; ORCL 19; SUNW 16 ; WCOM 28 ---------------------------------------- Today down .82%..not as bad as the SOX, but still not good for the TECH sector, ( telcom excluded as it don't fit or match the general Techs ) ------------------------- This now shows the why of some of the drag on the S&P as well. Jim