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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 (16619)	4/16/1998 8:34:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Bill; Looks like we get a dip today, Friday and all maybe it will be a fair one..going to be one of those watch the interday charts --------------- At the bottom of message 16556 yesterday I said I was hoping for a dip to get back in..all I had was a hunch. --------------- I will do some averaging of my MEAG/TAIL thing today and pass it on..a quick take on it puts the top 10 up about 14.7% since I last weighted it, but the bottom 20 are up over 21% ,,that means the tail has gained almost 7% more than the head.. that inflates the index..as the head accounts for almost 4 times the market cap the tail does..could easly lead to a 15% correction as the market over reacts both ways. --------------------------------- Yet I do not see that kind of correction yet; the head after all is still going up..it's after it actually dips that I think the correction will come..right now the mid caps are still subject to climb more..1 to 10B cap stocks are out running every thing but the little small micro caps.. with the miro caps you need a basket as while as a group they beat every thing hands down if you only have one or two you can get burned bad, as they also have a lot of failures. It's just that the winners in that area have more upside percentage wise than any were else, and if you have a good basket you come out ahead. ------------------------ Any way if the dip today looks good enough I may enter some funds and pick up one or two out of favor issues I'v had my eye on..problem with the funds I have to call in by 2pm to get them and latly the market has been making sizable swings late in the day. Wish I was more up to date on the CEs. Even if I do go back in it will not be all out. Jim

To: William H Huebl who wrote (16619)	4/16/1998 8:46:00 AM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Bill; BOTH Asia and Europe are down broadly..and this is the most fear I'v see in a while ..they are not mixed they are down.. all but Greece and Turkey..( they up strong ) but they are small compared to most of the others..thats like a small cap making an index look good.. Lot's of fear in the market , maybe Greece and Turkey haven't heard what the rest has..? Jim