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

To: Monty Lenard who wrote (22194)7/23/1998 9:48:00 PM
From: yard_man  Read Replies (1) | Respond to of 94695
 
Monty,

Neato. Don't have to be a e-waver to understand that! <g>

I'm expecting a short-lived bounce tomorrow. How bout you?



To: Monty Lenard who wrote (22194)7/23/1998 10:40:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 94695
 
Hi Monty ; RE > My question is this. How does this happen
when on 7/20/98 there were 10%-20% more of the stocks
making up each Index below the 200 DMA!! :-)))
OK
The high set on 7/20/98 was more concentrated ( narrower ) in the
Nifty Fifty...the money flowed into the very most liquid of
stocks..Tahts why I came up with the MAGIC TEN..taking
the 5 top in the SPX, with the 5 top in the Nazdaq 100,
but no duplicates these 10 stocks as a group beat every index
and the Nifty Fifty.
Symbol Last Trade Chg Value Change Volume Day's Range Mkt Cap P/E
^SPX 4:59PM 1139.75 -24.33 - -2.09% N/A 1139.75 1164.35 N/A N/A
^OEX 4:59PM 556.10 -11.66 - -2.05% N/A 556.10 568.44 N/A N/A
^IXIC 4:44PM 1935.22 -34.53 -$0.35 -1.75% N/A 1935.22 1981.05 N/A N/A
^NDX 4:44PM 1405.80 -24.78 -$0.50 -1.73% N/A 1405.76 1445.97 N/A N/A
MSFT 4:01PM 113 -3 3/4 -$91.88 -3.21% 12,757,400 113 117 1/2 278.4B 69.91
INTC 4:01PM 82 9/16 +3/16 $2.23 +0.23% 21,351,000 81 7/16 84 15/16 140.0B 25.50
CSCO 4:01PM 99 1/8 +5/8 $5.50 +0.63% 9,498,000 97 1/2 100 3/8 102.7B 103.68
DELL 4:01PM 105 3/8 -4 1/16 -$22.34 -3.71% 20,320,300 104 25/32 112 3/16 66.698B 75.47
WCOM 4:01PM 55 3/8 +1 1/16 $4.89 +1.96% 18,953,600 54 1/8 57 5/16 57.152B 543.13
GE 4:26PM 90 -1 3/8 -$35.75 -1.50% 4,759,500 89 13/16 91 9/16 293.2B 34.88
KO 5:01PM 83 -7/8 -$19.25 -1.04% 2,778,600 83 84 5/8 205.0B 54.11
XON 4:21PM 70 1/8 -1 11/16 -$37.12 -2.35% 2,616,100 69 7/8 71 7/8 171.6B 22.87
PFE 4:26PM 111 7/16 -4 15/16 -$54.31 -4.24% 4,137,000 111 115 1/2 145.5B 61.57
MRK 4:13PM 123 7/16 -1 11/16 -$16.88 -1.35% 3,817,400 123 127 1/4 147.5B 31.20
NB 4:01PM 83 5/16 -7/16 -$3.06 -0.52% 1,463,500 83 85 79.803B 19.43

Totals: today,
-$268.82-1.85%
But note today they were not down as much as the SPX or the OEX,
but just a tad more than the NDX, because this is a hybrid.
But it's here that was the main cause of the 7/20/ top.
yet left some of the NF losing ground in respect to the
% above the MA, I'll bet none of these were below the 200 MA
at that time :-)
After this correction I may need to re-do the Nifty Fifty,
as well as this magic ten. They won't stay the same over
time.
Jim


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