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

To: Oeconomicus who wrote (22261)	7/24/1998 4:11:00 PM
From: James F. Hopkins	Respond to of 94695

Bob; The Magic Ten is my animal, I may have miss stated a little on how I made it up. NB is really #25 in the S&P , but it's the first Bank you come to going down the list and I felt I had to have at least one bank. TRV and CCI run close and could replace it if their market cap gains just a little more. Like I told Monty the Magic Ten won't stay the same over time, It's just a blend of SUPER CAPS I made to check against the ^HFX or super cap index, when I found out the ^HFX only had 5 stocks I kinda stopped relying on it as much. <G> But I do like to see them confirm one another, before I feel strong about direction.. While the Index funds do not control the market, they play a strong part, and these stocks give me a simple blend of the Top runners the Index Funds have to buy and sell to stay in step, and manage their inflow or out flows. They tend to lead ( signal ) the market direction, I don't maintain that they are the best performers, but they don't do bad , and are liquid. They may not beat the internuts but they beat the indexes. BTW I weight them as close as I can to how they are weighted in the S&P ( percentage wise ) right now they are heavy on tech, but big cap tech. While I would not want to be short over the weekend I think the Bears are conviced she is going on down and are still shorting. Jim