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

To: James F. Hopkins who wrote (22278)	7/24/1998 11:35:00 PM
From: coug	Read Replies (1) \| Respond to of 94695

Jim, Thanks for your data on the Magic-10 of the big 100 and the influence it has.. Along these lines, I have often thought about a fluid and dynamic index that each day looks at the top 1000-2000 traders of all exchanges, that is unweighted, and goes by top volume and dollar-value of trading, a sort of combination of On Balance Volume and Money-Flow. In my mind, it would give a truer reading of all markets, without bias towards small caps vs. big caps, out of favor vs. in favor and the biggest bias of all, when "they" move a dog out of a popular index and replace it with a greyhound.. It would also give a better historical base line for stocks vs. bonds, cash etc.. Because it would, without subjectivity, remove "old stocks' in "old technologies... Just a thought from ....a Coug.. hunting for a kinder and fairer market index