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

To: Oeconomicus who wrote (17187)	4/24/1998 3:02:00 PM
From: James F. Hopkins	Respond to of 94695

R.D., to me it looks like they ease out of the majors first, or a little more sell on them than the minors to start with as that don't send out as many alarms.., as it moves to the minors the indexes start falling faster as the more thinly traded ones will drop faster..it's like watching the 100 & 500 cross paths.. a rally in the 500 won't hold if the 100 don't start up.. the smaller ones will ofte wipe on both sides of the bigger ones..( this is not new ) value line has pointed it out for years. But getting to were you can spot it in motion takes a little effort. Now the 500 may not wipe down below the 100 this time as that don't always happen, but it won't really tell you if it's reversed untill you see the 100 come off a bottom and start up..( a few hard buys in the thiner ones can create what looks like a rally ) ... Last I looked the 100 had -1.38 , 500 had -1.18... that .20 dif don't seem like much BUT IT IS..yesterday it never got past .10....so the rate has increased.. I told BB last night that the end bubble was phony.. the composit rate is -1.17..if it's to be a big fall then the 500 will start gainging on the 100..and the composit will gain on the 500..( silding down that is ) it's the relitive motion I'm looking at. Like on a radar screen if you don't look at it in relitive motion what you see is not what you get. So it's not just were they "are at" it's how they are changing in respect to one another..and how fast that change is. Radar school did me right in more ways than one. :-) Jim