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To: Henry J Costanzo who wrote (208803)5/30/2020 3:08:54 AM
From: clean863 Recommendations

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  Respond to of 213172
 
Thanks Henry for all you do here!




To: Henry J Costanzo who wrote (208803)5/30/2020 11:39:40 AM
From: robert b furman  Respond to of 213172
 
Good Morning Henry,

There are some EW reads that propose we are about to enter the third wave of the recognition wave.

The personality of a third wave per Frost and Prechter requires that secondary and tertiary stocks all move up within the power of a third wave.

My recollection of the 2000 top was a stalling and teasing action of the big semi players like Amat, Lam, and,Csco. As the large cap out performers stalled and teased near all time highs, the rotation into mid cap and small caps took place with a vengeance.

I wouldn't be surprised to see late investors pile into the historic leaders like the fang stocks, as longer time holders of the high flyers rotate into smaller companies that outperform the current leadership on a percentage basis.

As always glad to see you posting and my thoughts and prayers for your health and well being during this pandemic experience.

Bob

Bob



To: Henry J Costanzo who wrote (208803)6/5/2020 12:46:12 PM
From: RAVINASA  Respond to of 213172
 
Henry

Just to clarify, you have observed a definite correlation between AAPL AND SPX - for an extended time now, is that what you imply in your statement.

I agree with it that observation, but never paid too much attention.

Thanks for providing your expert opinion.