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

To: ratan lal who wrote (17097)	4/22/1998 10:58:00 PM
From: James F. Hopkins	Respond to of 94695

Ratan; Well this is new to me..and I'm still working on it, sure it's a mixed sample but it's a sample of the movers of the day, and the movers reflect better than the indexes do. ------------------------- NO they may not effect the indexes "that's the whole point" "indexes" do not always reflect the market..they often trail what the market does and go both higher and lower than the mean market..the market is buyers/sellers supply/demand..and that is not reflected very good in an index..( thinly traded stocks can and do skew the index as their moves are more dramatic on less volume ).. ---------------------------- The markert is also gain/loss and of dollars traded..not the arbitrary prices, of the stocks. ---------------- You got to go beyond or inside the index to see the market. The index represents the arbitrary prices of the stocks, after the market has moved on them. The indexes fell on OCT27th but the market went to hell in August, and the big blue MEGA chips made gains in the bear market that followed OCT27 even while the indexes droped..I saw that happening and couldn't figure it out.. but I understand it now, even if I don't explain it clear enough for you to see it. Dont shoot at it from the hip..take a goood look. The Tick was mostly down today..while the indexes went up.. the tick will at times better tell you what's really going on.. as far as the trading goes.. Jim