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

To: Barbara Barry who wrote (17072)	4/22/1998 6:42:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Barbara, between DIS and MSFT I was anticipating a spike rally over 9200 for tomorrow. Globex indications are that I am dead wrong. Makes sense based on the last 2 days actions of distribution. On CNBC MSFT is trading down!! BWDIK Have you seen INTC sudden move? Can some one give the approximate date for the 55 days since the market low in January? Just curious. HAim

To: Barbara Barry who wrote (17072)	4/22/1998 9:29:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Barbara: The main thing was, Did you not notice the negitive tick with the indexes going up today ? I know I get long winded when frustrated and generally don't mean to aim all of my message at the person in the header. I'm aware a lot people read them..other than the question above the main guist was to say again an index can move up when a few thinly traded stocks move up more, than the heavy traded ones move down. In short the market can be running opposite the index..and when it does TA on that index is worse than useless it will kill you. --------------------------------- Program trading can pump the index, by buying thinly traded stocks as it sells the heavly traded ones, then dumping the thinly traded stocks sending the index down real fast and buying the dips on the more heavly traded ones as it sells off the thiner ones.. this is not a can..this is happening a lot.. I see it in some paper portfolios I'm tracking. Dont forget , did you see the negitive tick today with the indexes going up ? In short there were more trades crossing 90% of the day on the down tick than the up tick..yet the indexs did not reflect that..as the up ticks were not as much; but on less liquid stocks..and held the indexes up.. not a good sign.. tick one way index the other..that is not a mixed indicator in my books, that is a bad omen. jim