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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 (22284)	7/25/1998 2:32:00 AM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

you might pull up the top holdings of fidelity select brokerage. the brokers all move with different things: MER and MWD seem to move with increase in global money supply, SCH moves with domestic mutual-fund money, BSC and DLJ move with trading volume, SWS moves with small-cap fund flows (BTW, SWS is a severely undervalued stock). JEF is the remains of the Drexel Burnam Lambert junk-crowd crowd that escaped jail sentences, it might move with the junk-bond supply. GE, traveler's and fleet all own brokerages but it's hard to get pure play from them. You might want to include BARZ and HQ in the portfolio, they are very volatile but I haven't spent time to see if it's correlated with anything obvious. You might also want to include a few of the mutual-fund houses: BEN, TROW, PA, LM, EV. SAI and STT are huge pension-plan houses so their charts might tell you about 401K flows. Sometimes when the index is propped up for no reason it's because one of the trading-house brokers has a mysterious "buyout rumor" that explains a huge gap up in the stock price. Hmm....