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: William H Huebl who wrote (13518)	1/26/1998 10:26:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Hi Bill; That sounds about right, I don't see the signal yet but like you I kinda expect it. Keep an eye on the Dollar tho, if it keeps falling, and I get other buy signals I might close my SPY short, but I won't go long with the Dollar falling. I'll just sit on the side for a bit. -------------------- The split dow I track , had the top 10 caps ( MEGAs ) "off" today .42% ( consider they have almost 4 x the cap of the other 20. The 20 (TAILS) was "up" .48% here it's clear the tails held the index up. ( tail wagging the dog ) ------------ MORE over UTX who had the most up bias today rising 3-5/8 < only had 1.4m shares > While T traded down 3-13/16 ( only a 3/16 )down bias to the index more than utx had up, BUT down VOLUME on T was 9.3M thats the rub ! inside the DOW the lossers had MUCH more volume, than the winners did.. --------------------------- And here is the A/D trick to..there were more advancers inside the DOW so the A/D line might would look positive to the causual glance very positive 17 up/ 12 down 1 unchanged.. untill you look good, the lossers had the volume a lot more than the winners AND 5 of thoes losers were in the MEGA CAPS to me this is a very negitive sign compared to the DOW being up this is in minature what happened before OCT27th. Not as bad yet but starting to move that way. ---------------------------- So the majority of DOLLARS traded voted down today while the index went up ! While the A/D looked positive volume traded down , and more on the big blues too. GE remained unchanged. Oil helped out, ( but how long will that last ) ------------------------- Even if this reverses and the Dollar keeps falling I would not go long. ----------------------- I lucked up, closed short SPY 2pm Friday at 95-1/2, opened short this morn about 11 at 96-1/4..sitting on it. for the record I've started posting my positions on the SPY thread within 10 min of taking them. Don't know if I'l have time to keep it up. But any way since DEC5th these indicators I've started using have missed only 1 out of 8 calls, so far. MEGA/TAIL, Currency, ( A/Ds but volume wise with a glance at the market cap of the highly traded ones ) A/D of foreign markets each morn too. When they are mixed or confliting or not very strong I have no problem just getting out and waiting. They can change fast but right now they are all down some. Jim