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

To: William H Huebl who wrote (13801)	2/2/1998 11:53:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Bill; I see the futures say sell, but they can change by morn. you know I don't give a hoot for TA on an index as a short term signal, I know it's only in the eyes of the beholder..and that an Index in and of itself cannot be accurtly TAed. for short term moves. I don't think it I know as I've done the work it takes to see how indexes work, and how they can lie. Save the TA for individual stocks, and don't confuse the two. ( stocks vs indexes ) just dont and can't TA the same, well indexes may TA one day and not the next, but you never know when. ( unless you want to check the volume on the ups/downs) and who has time for all that plus TA. I'l look at futures in the morn, currecy, and foreign markets But I'm mostly out of short term stuff now, As I'm getting ready to ship out. BTW so far this eve Malsaysia is absolutly on fire up 22% ho ho ho , when did I post EWS and EWM were the webs to be in, not all that long ago, EWM will most be doubled by tomorrow eve since I first posted it. Can't remember if it was this thread or the SPY , or coffie shop..but I remember picking them as hot, and having my powder tied up in SPY..shucks and I have not made that much playing SPY either. I have to admitt I did not expect them to fly so high so fast..damm They can pull back. webs more than anything react to currency moves real fast. Korea closed ends are now over bought. ------------- Another odd thing is SPY trading at a premium to the S&P.. more than usuall..early today that's a sort of future of its own you know..it has a lot of volume and money going into it, in turn unlike futures all of that gets dumped into or pulled out of the stocks in the S&P. It has gained in popularity a lot, and could be why the S&P is tearing up the DOW..( it's not at a premium now but was ) it's at a discount now..and that's a down sign, but makes it attractive. Man there is so much money in the SPY now I'm begining to think the S&P sometimes tracks it instead of it the S&P, sure worked that way early today. the New DIA has not got rolling like the SPY yet. Jim